(CNSNews.com) - The United States ran a $31,109,100,000 merchandise trade deficit with the People’s Republic of China in October, according to data released today by the Census Bureau.
This $31,109,100,000 bilateral merchandise trade deficit was by far the largest the U.S. ran with any trading partner for the month.
The U.S. ran its second largest merchandise trade deficit in October with Mexico--a deficit of $6,194,000,000.
The $31,109,100,000 U.S. merchandise trade deficit with China in October was more than five times the $6,194,000,000 trade deficit with Mexico.
Filling out the Top Ten for bilateral U.S. merchandise trade deficits for October—after China and Mexico—were Japan ($5,928,900,000), Germany ($4,987,500,000), Ireland ($3,094,800,000), Vietnam ($2,553,600,000), India ($2,427,300,000), Italy ($2,334,500,000), Malaysia ($2,206,100,000) and France ($1,729,800,000).
During October, according to the Census Bureau, the United States exported $12,698,000,000 in goods to China but imported $43,807,100,000 back from China.
Thus, the value of the goods the U.S. imported from China was almost three and a half times the value of the goods that the U.S. exported to China.
So far in this calendar year (January through October), the U.S. has run a $288,780,900,000 merchandise trade deficit with China.
In calendar year 2015, the U.S. ran a record $367,172,900,000 merchandise trade deficit with China, according to the Census Bureau.
Worldwide in October, the U.S. ran a $63.4 billion merchandise trade deficit—importing $186.5 billion in goods while exporting $123.1 billion.
The $63.4 billion merchandise trade deficit in October was up $6.3 billion from the $57.1 billion merchandise trade deficit in September.