In October, the trade deficit in goods and services fell to $29.4 billionfalling below 30 billion for the first time in more than 15 years, a drop of 39% compared to the previous monthwhen it had already experienced a marked decline.
The deficit was significantly smaller than the median forecast of $58.4 billion set by economists polled by Dow Jones Newswires and The Wall Street Journal.
While exports increased by 7.8 billion dollars, reaching 302 billion dollars, imports decreased by 11 billion, reaching 331.4 billion dollars.
This was mainly due to a sharp drop in imports of goods, which fell by $14 billion.
Purchases of industrial supplies and materials also fell.
The constantly changing tariff policies conducted by President Donald Trump since his return to the White House in January 2025 have had a great impact on trade flows.
