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The Commerce Department said the trade gap fell to a seasonally adjusted $43.5 billion, down from a revised $44.2 billion in September.
Imports, which had stagnated between June and September at around $224 billion a month, dropped by 1.0 percent to $222.6 billion.
Exports also fell in October, down 0.8 percent from the prior month to $179.2 billion.
The politically sensitive trade gap with China, Washington's second-largest trade partner, was unchanged at $28.1 billion from September.