by Calculated Risk on 12/06/2022 08:44:00 AM
From the Department of Commerce reported:
that the goods and services deficit was $78.2 billion in October, up $4.0 billion from $74.1 billion in
October exports were $256.6 billion, $1.9 billion less than September exports. October imports were
$334.8 billion, $2.2 billion more than September imports.
Exports decreased and imports increased in October.
Exports are up 14% year-over-year; imports are also up 14% year-over-year.
The second graph shows the U.S. trade deficit, with and without petroleum.
Note that net, exports of petroleum products are slightly positive.
The trade deficit with China decreased to $28.9 billion in October, from $31.3 billion a year ago.