January 21, 2026
U.S. international trade deficit was down again in October
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $29.4 billion in October, down $18.8 billion from $48.1 billion in September.
October exports were $302.0 billion, $7.8 billion more than September exports. October imports were $331.4 billion, $11.0 billion less than September imports.
The October decrease in the goods and services deficit reflected a decrease in the goods deficit of $19.2 billion to $59.1 billion and a decrease in the services surplus of $0.4 billion to $29.8 billion.
Year-to-date, the goods and services deficit increased $56.0 billion, or 7.7 percent, from the same period in 2024. Exports increased $168.6 billion or 6.3 percent. Imports increased $224.6 billion or 6.6 percent.
The October figures show surpluses, in billions of dollars, with Switzerland ($7.3), United Kingdom ($6.8), South and Central America ($5.6), Netherlands ($5.1), Hong Kong ($2.8), Brazil ($2.7), Singapore ($1.8), Australia ($1.7), Belgium ($1.1), and Saudi Arabia ($0.2).
Deficits were recorded, in billions of dollars, with Mexico ($17.9), Taiwan ($15.7), Vietnam ($15.0), China ($13.7), European Union ($6.3), Germany ($5.1), Japan ($4.2), Ireland ($3.2), South Korea ($2.9), India ($2.3), Canada ($2.3), Malaysia ($2.0), France ($1.3), Israel ($0.8), and Italy ($0.5).