The nation's international trade deficit in goods and services decreased to $67.1 billion in October from $81.4 billion in September (revised), as exports increased more than imports. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $67.1 billion in October, down $14.3 billion from $81.4 billion in September, revised.

Exports, Imports, and Balance
October exports were $223.6 billion, $16.8 billion more than September exports. October imports were $290.7 billion, $2.5 billion more than September imports. The October decrease in the goods and services deficit reflected a decrease in the goods deficit of $14.0 billion to $83.9 billion and an increase in the services surplus of $0.3 billion to $16.8 billion. Year-to-date, the goods and services deficit increased $161.7 billion, or 29.7 percent, from the same period in 2020. Exports increased $315.1 billion or 17.9 percent. Imports increased $476.8 billion or 20.7 percent.

Three-Month Moving Averages
The average goods and services deficit decreased $1.1 billion to $73.9 billion for the three months ending in October.
• Average exports increased $3.7 billion to $214.5 billion in October.
• Average imports increased $2.7 billion to $288.5 billion in October.

Year-over-year, the average goods and services deficit increased $10.6 billion from the three months ending in October 2020.
• Average exports increased $36.2 billion from October 2020.
• Average imports increased $46.8 billion from October 2020.