Record Exports Help Bring US Trade Deficit Down a Bit
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The United States trade deficit shrank to $51.6 billion in September, as exports posted their best month on record. In another report, new claims for jobless
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The U.S. trade gap narrowed in  December as the declining dollar gave exports a boost, while  first-time claims for jobless benefits fell to their lowest  level in more than 4 years last week.
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The U.S. trade deficit hit a fifth straight annual record in 2006, driven by a record oil import tab and a flood of imports from China, a government report showed on Tuesday.
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The United States trade deficit widened slightly in October as a record price for imported oil outweighed the export-spurring benefits of a weaker dollar.
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The U.S. trade deficit soared to a record of $617.7 billion last year as Americans' appetite for all things foreign from crude oil to imported cars hit all-time highs.
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The US trade deficit has exploded 19% to a record $55.8bn as oil costs drove imports higher, according to a latest figures.
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A record jump in the price of imported oil pushed the trade deficit to &#36;63.8 billion in May, offsetting robust overseas sales gains by American companies.
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The U.S. trade deficit, propelled by a record foreign oil bill, surged to $54 billion in August, the second highest level in history.
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The deficit in the broadest measure of trade climbed to a record high of &#36;164.7 billion in the third quarter of this year, reflecting Americans' hardy demand for imported oil and foreign-made goods.
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The U.S. trade deficit hit a fifth  straight annual record in 2006, driven by a record oil import  bill and a flood of goods from China, a government report  showed on Tuesday.
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The US trade deficit narrowed in 2007, figures show, after rising exports offset the rapid growth in oil imports.
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The US trade deficit narrowed by nearly 9 percent in July, the Commerce Department reported yesterday -- but at $50.1 billion, the gap was still the second-largest on record.
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The U.S. trade deficit narrowed in  December as the declining dollar gave exports a boost, while  first-time claims for jobless benefits last week fell to the  lowest level in more than 4 years.
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The United States hit a record deficit of $166.2 billion last quarter in trade and capital flows with the rest of the world.
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WASHINGTON -- America's trade deficit posted a dramatic decline in October, falling to the lowest level in 14 months as the price of crude oil plunged by a record amount.
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The U.S. trade deficit declined slightly in July, helped by record exports that offset the biggest foreign oil bill in nearly a year. But even a spate of recalls did not stop the deficit with China from climbing to the second-highest level on record.
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Prices are rising for foreign goods, but a falling greenback could help balance the world economy and fix America's trade deficit.