Statement from Acting U.S. Commerce Secretary Rebecca Blank on International Trade in Goods and Services in October 2012
WASHINGTON – Acting U.S. Secretary of Commerce Rebecca Blank issued the following statement today on the release of the October 2012 U.S. International Trade in Goods and Services (PDF) by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. In October 2012, imports of goods and services declined 2.1 percent from September to reach $222.8 billion, and exports of goods and services reached $180.5 billion, down 3.6 percent over this period. As a result, the October 2012 international trade deficit increased to $42.2 billion from September, which was better than market expectations.
