Dec 5, 8:36 AM EST

US trade deficit rises to $48.7 billion on record imports

AP Photo
AP Photo/Patrick Semansky

Review of U.S.-China Trade
Latest News
China logs strong exports, imports, as economy gains steam

US trade deficit rises to $48.7 billion on record imports

WASHINGTON (AP) -- Record imports lifted the U.S. trade deficit to $48.7 billion in October, the highest since January.

The Commerce Department says the trade gap rose 8.6 percent in October from $44.9 billion in September. Imports hit a record $244.6 billion in October, and exports were unchanged at $195.9 billion.

So far this year, the United States is running a trade deficit of $462.9 billion, up 11.9 percent from January through October 2016. U.S. exports are up 5.3 percent this year; a weaker dollar has made U.S. goods less expensive overseas. Imports are up 6.5 percent the first 10 months of 2017.

The politically sensitive trade deficit in goods with China rose 1.7 percent to $35.2 billion from September to October and is up 7 percent this year to $309 billion.

© 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.