Official Publication Edition · GDP
Source-grounded publication
October imports were $339.6 billion, $14.3 billion less than September imports.
The real goods deficit decreased $7.3 billion, or 7.3 percent, to $92.4 billion in October, compared to a 9.5 percent decrease in the nominal deficit.
Source
U.S. International Trade in Goods and Services, October 2024
Sections
Publication sections
Key evidence
The source directly compares reported values for the stated scope: Bureau of Economic Analysis announced today that the goods and services deficit was $73.8 billion in October, down $10.0 billion from $83.8 billion in September, revised. The source directly compares reported values for the stated scope: Exports of goods decreased $5.3 billion to $170.7 billion in October. The source directly compares reported values for the stated scope: Exports of services increased $1.0 billion to $95.1 billion in October.
The source reports an amount on a billion scale for the stated scope: Imports of goods on a Census basis decreased $15.7 billion. The source reports an amount on a billion scale for the stated scope: Imports increased $174.7 billion or 5.4 percent. The source reports an amount on a billion scale for the stated scope: Net balance of payments adjustments increased less than $0.1 billion.
The source directly compares reported values for the stated scope: Imports of services increased $1.4 billion to $70.2 billion in October. The source directly compares reported values for the stated scope: Imports of goods decreased $15.7 billion to $269.3 billion in October. The source directly compares reported values for the stated scope: October exports were $265.7 billion, $4.3 billion less than September exports.
The source reports an amount on a billion scale for the stated scope: Exports of goods on a Census basis decreased $5.3 billion. The source directly compares reported values for the stated scope: The October figures show surpluses, in billions of dollars, with Netherlands ($4.5), South and Central America ($3.8), United Kingdom ($2.0), Hong Kong ($1.5), Australia ($0.9), Brazil ($0.8), Belgium ($0.7), Singapore ($0.7), and Saudi Arabia ($0.4).
The source reports an amount on a billion scale for the stated scope: Year-over-year, the average goods and services deficit increased $14.0 billion from the three months ending in October 2023. The October decrease in the goods and services deficit reflected a decrease in the goods deficit of $10.4 billion to $98.7 billion and a decrease in the services surplus of $0.4 billion to $24.8 billion.
Verified evidence
Publication data points
| Label | Value | Unit | Period |
|---|---|---|---|
| Year-to-date, the goods and services deficit increased $80.7 billion, or 12.3 percent, from the same period in 2023. | 80.7 | billion | — |
| Imports of goods on a Census basis decreased $15.7 billion. | 15.7 | billion | — |
| Imports increased $174.7 billion or 5.4 percent. | 174.7 | billion | — |
| Net balance of payments adjustments increased less than $0.1 billion. | 0.1 | billion | — |
| Exports of goods on a Census basis decreased $5.3 billion. | 5.3 | billion | — |
| Year-over-year, the average goods and services deficit increased $14.0 billion from the three months ending in October 2023. | 14 | billion | — |
| Exports increased $94.0 billion or 3.7 percent. | 94 | billion | — |
Source and methodology
Source: the retained official publication. Method: normalized statements from section generic-text presented as reported, without recomputation.
Caveats
- Evidence boundary: This edition is limited to claims retained from the linked official publication.
Corrections
Correction state: none