Market Updates
International Trade Deficit Expands In October
Brian Turner
06 Dec, 2022
New York City
The U.S. international trade deficit in goods and services was $78.2 billion in October, an increase of 19.9% from a year ago and 5.4% from September, BEA reported Tuesday.
Exports declined 0.7%, second monthly fall in a row, to $256.6 billion and imports increased 0.6%, the largest since June, to $334.6 billion on higher imports of automobiles, nuclear materials, travel and pharmaceutical preparations.
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