Briefing.com: Trade Balance

Updated: 11-Dec-25 09:25 ET

October Trade Balance

Updated: 11-Dec-25 09:25 ET

Highlights

The September trade deficit narrowed to $52.8 billion (Briefing.com consensus: -$61.7 billion) from an upwardly revised $59.3 billion (from -$59.6 billion) in August.

Key Factors

Exports of industrial supplies and materials increased $7.2 billion, with nonmonetary gold up $6.1 billion.
Exports of consumer goods increased $4.1 billion, with pharmaceutical preparations up $3.1 billion.
Exports of capital goods decreased $3.3 billion, with computers down $2.3 billion.
Imports of consumer goods increased $10.2 billion, as pharmaceutical preparations surged $12.9 billion.
Imports of capital goods decreased $5.6 billion, with computers down $4.7 billion.
The real goods deficit decreased $4.7 billion, or 5.6%, to $79.0 billion. That left the Q3 average slightly higher than the Q2 average.

Big Picture

The key takeaway from the report is that the narrower deficit was the byproduct of exports being $8.4 billion more than August exports and imports being $1.9 billion more than August imports.