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The US goods trade deficit narrowed sharply to USD 66.5 billion in October 2019 from USD 70.5 billion in the previous month and below market expectations of USD 71.3 billion, the advance estimate showed. That was the smallest goods gap since September 2017 as imports fell 2.4 percent due to a sharp decline in purchases of vehicles (-5.9 percent), consumer goods (-4.8 percent), foods, feeds & beverages (-2.9 percent), and industrial supplies (-1.9 percent). Increases were seen in imports of capital (0.5 percent) and other goods (3.5 percent). Meanwhile, exports dropped at a softer 0.7 percent led by lower sales of consumer goods (-4.0 percent), foods, feeds & beverages (-3.0 percent), vehicles (-2.4 percent), and capital goods (-0.8 percent). On the other hand, exports rose for industrial supplies (1.0 percent) and other goods (4.7 percent).

The US goods trade deficit shrank to USD 70.4 billion in September 2019 from USD 73.1 in the previous month, the advance estimate showed. Imports declined 2.3 percent month-over-month, on lower acquisitions of consumer goods (-5 percent); capital goods (-2.3 percent), namely automotive vehicles (-3.5 percent) and industrial supplies (-1.5 percent). In contrast, rises were seen in purchases of other goods (9.2 percent) and foods, feeds & beverages (1.2 percent). Exports fell at a slower 1.6 percent, dragged down by shipments of food, feeds & beverages (-12.6 percent); industrial supplies (-1 percent) and other goods (-7.2 percent) while there were increases in sales of consumer goods (2.9 percent) and capital goods (1.8 percent).

The US goods trade deficit rose to USD 72.8 billion in August 2019 from USD 72.5 billion in the previous month, compared with market expectations of a USD 77.3 billion shortfall, the advance estimate showed. Imports went up 0.3 percent to USD 210.6 billion, driven by purchases of capital (3.2 percent) and consumer goods (2.6 percent). In contrast, declines were recorded in imports of industrial supplies (-3.4 percent); automotive vehicles (-2.4 percent); foods, feeds and beverages (-1.3 percent); and other goods (-2.3 percent). Meantime, exports rose only 0.1 percent to USD 137.8 billion, as increases in shipments of food, feeds and beverages (4.2 percent); industrial supplies (2.6 percent); automotive vehicles (2.5 percent); and other goods (7.8 percent); were partially outweighed by falls in sales of consumer (-4.6 percent) and capital goods (-3.1 percent).

The US goods trade deficit narrowed to USD 72.3 billion in July 2019 from USD 74.2 billion in the previous month and below market expectations of USD 74.0, the advance estimate showed. Exports rose 0.7 percent boosted by sales of consumer goods (9.7 percent), vehicles (4.1 percent) and capital goods (1.8 percent), while imports declined 0.4 percent due to lower purchases of capital goods (-2.6 percent) and other goods (-8.2 percent).

The US goods trade deficit decreased to USD 74.2 billion in June 2019 from USD 75.0 billion in the previous month, an advance estimate showed. Exports of goods declined USD 3.7 billion to USD 136.3 billion led by consumer goods, vehicles and capital goods, while imports fell at a steeper USD 4.6 billion to USD 210.5 billion as purchases fell for industrial supplies, vehicles, food, consumer and capital goods.