US October Trade Deficit $73.8 Billion...12% Decrease from Previous Month
Exports down 1.6%, imports down 4.9%
The United States' trade deficit in October decreased by about 12% compared to the previous month.
On the 5th (local time), the U.S. Department of Commerce announced that the trade deficit in October was $73.8 billion, down $10 billion (-11.9%) from the previous month ($83.8 billion). The trade deficit was also below market expectations ($75.7 billion deficit).
Exports decreased by 1.6% from the previous month to $265.7 billion, and imports fell by 4.9% to $339.6 billion, contributing to the reduction in the trade deficit.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- "Chinese AI Models Cannot Defeat U.S. Big Tech"...Goldman Sachs Forecast
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
In the third quarter, the U.S. recorded a goods and services trade deficit of $70.3 billion with China, an increase of $10 billion compared to the previous quarter. This was due to imports rising by $10.1 billion while exports increased by only $0.1 billion in the third quarter.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
