The U.S. trade deficit widened 1.7% in October to $63.1 billion
The gap between the goods and services the United States sold and what it bought abroad rose from $62.1 billion in September, the Commerce Department reported Friday. Exports rose 2.2% to $182 billion, led by sales of aircraft engines. Imports increased 2.1% to $245.1 billion on an uptick in shipments of auto parts.
So far this year, the overall gap in the trade of goods and services with the rest of the world has risen to $536.7 billion, up 9.5% from January-October 2019.
The coronavirus, however, has upended trade in services such as education and travel in which the United States runs persistent surpluses. U.S. services exports are down nearly 20% so far this year, and America’s trade surplus in services dropped in October to $18.3 billion, lowest since August 2012.
The U.S. ran an October deficit of $81.4 billion in the trade of goods such as autos and appliances.