FX.co ★ US Imports Decline to 21-Month Low

In October 2025, U.S. imports of goods and services decreased by $11.0 billion, or 3.2%, bringing the total to $331.4 billion. This represents the lowest import level since January 2024, illustrating the effect of tariffs on consumer demand. The importation of goods specifically saw a decline of $12.1 billion, down to $255.0 billion, primarily due to a significant $14.3 billion drop in pharmaceutical products. Purchases of industrial supplies and materials decreased by $2.7 billion, influenced in part by a reduction in nonmonetary gold imports. Conversely, capital goods imports increased by $6.8 billion, driven by higher acquisitions of computer accessories, telecommunications equipment, and computers. Simultaneously, service imports rose by $1.1 billion to reach $76.3 billion, with notable increases in travel, other business services, and insurance services.