The US trade deficit drops 17.6% in October

Washington, Dec 7 (EFE) .- The United States’ deficit in its foreign trade in goods and services fell by 17.6% in October compared to the previous month and stood at 67.1 billion dollars, the Office of Economic Analysis (BEA).

The value of US exports in October soared 8.1% to $ 223.6 billion; while that of imports grew slightly, 0.9%, reaching 290,700 million dollars.

After posting a deficit of $ 80.9 billion in September, analysts had expected a negative balance of around $ 67 billion in October.

In October, the politically sensitive US trade deficit with China fell by $ 3.2 billion to $ 28.3 billion.

In the accumulated of the first ten months of the year, the US deficit has grown by 29.7% compared to the same period last year.

(c) EFE Agency

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