美国贸易赤字骤降至16年新低：黄金“回流潮”与进口收缩共塑异常数据

Core Viewpoint - The U.S. trade deficit significantly narrowed in October 2025, reaching its lowest level in 16 years, primarily due to increased exports and decreased imports [3][7]. Group 1: Trade Deficit Data - The trade deficit decreased from $48.1 billion in September to $29.4 billion in October, a reduction of 39% [3][6]. - October 2025 exports rose by 2.6%, driven by increased shipments of industrial goods and a notable rise in gold exports [7][8]. - The total trade deficit for the first ten months of 2025 reached $782.8 billion, an 8% increase from $726.8 billion in the same period of 2024 [7][8]. Group 2: Import and Export Trends - Imports fell by 3.2% in October, marking the lowest level in nearly two years, with pharmaceuticals showing the largest decline [7][8]. - The reduction in imports is attributed to U.S. companies decreasing purchases after initially increasing them to avoid tariffs [7][8]. - The U.S. has shifted its import sources, reducing imports from China from $363 billion to $266 billion in the first ten months of 2025, compensating by increasing imports from Vietnam, Mexico, Thailand, and European countries [5][8]. Group 3: Economic Implications - If the trend of narrowing trade deficits continues, it could contribute positively to GDP growth in the fourth quarter of 2025 [8]. - However, the decline in imports may also indicate weak consumer demand, which could negatively impact GDP [8]. - Economists suggest that the current trade data does not show significant changes compared to pre-tariff conditions, indicating a need for stabilization [8].