The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $63.1 billion in October, up $1 billion from $62.1 billion in September, revised.
October exports were $182 billion, $4 billion more than September exports. October imports were $245.1 billion, $5 billion more than September imports.
The October increase in the goods and services deficit reflected an increase in the goods deficit of $0.6 billion to $81.4 billion and a decrease in the services surplus of $0.4 billion to $18.3 billion.
Year-to-date, the goods and services deficit increased $46.6 billion, or 9.5%, from the same period in 2019. Exports decreased $345.9 billion or 16.4%. Imports decreased $299.4 billion or 11.5%.