October Trade Deficit Declines on Higher Exports, Lower Imports
BY MT Newswires | ECONOMIC | 01/08/26 08:43 AM EST08:43 AM EST, 01/08/2026 (MT Newswires) -- The US international trade deficit narrowed to $29.4 billion in October from a $48.1 billion gap in September, compared with a $58.7 billion gap expected in a survey compiled by Bloomberg.
Exports rose in the month, while imports declined, resulting in the significant narrowing in the deficit.
Exports of industrial supplies, particularly nonmonetary gold and precious metal, and autos increased in October, offsetting declines in the other components.
Imports of consumer goods and industrial supplies declined, partially offset by a large gain in capital goods imports.
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