U.S. October trade deficit hits 14-year low, actual performance far exceeds expectations

According to Odaily Planet Daily, the US trade account data for October has been released, showing an actual deficit of $29.4 billion, significantly narrower than the market expectation of $58.9 billion. This is also the smallest deficit since June 2009.

Data Comparison Highlights Unexpected Performance

The actual figures announced for the US trade account are remarkable. The expected value was a deficit of $58.9 billion, while the actual reported deficit of $29.4 billion not only falls well below expectations but also reflects a positive change in the US trade pattern. Previous data has also been revised, with the September trade deficit adjusted from the initially reported $52.8 billion to $48.1 billion.

Best Performance in 14 Years

A trade deficit of $29.4 billion has returned to levels seen in June 2009, indicating that the US trade deficit has reached a relatively low point over the past 14 years. This improvement in the data reflects a gradual adjustment in the structure of US imports and exports.

This unexpectedly strong trade account performance may impact the US dollar exchange rate and the prices of related commodities, warranting close attention to subsequent economic data trends.