Exports Help Narrow Trade Gap
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The United States trade deficit shrank in 2007 for the first time in five years, buoyed by a surge in exports.
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The U.S. trade deficit shrank to &#36;51.6 billion in September, an improvement brought about as exports posted their best month on record.
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The trade deficit shrank much more  than expected in April to $58.5 billion, as the weakening U.S.  dollar appeared to depress import demand and help push exports  to a record, a U.S. Commerce Department report on Friday  showed.
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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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Struggling under the weight of a bloated trade deficit, the U.S. economy grew at a relatively modest 2.8 percent annual rate in the second quarter.
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WASHINGTON: The US trade gap widened nearly 9 per cent in October to a record $US55.5 billion ($NZ79.13b) as sky-high oil prices helped propel imports into new territory, while industrial output rose as expected in November.
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The U.S. trade gap widened in May as higher oil prices and a rising tide of Chinese goods pushed imports to a record, overshadowing a strong export performance, a government report showed on Thursday.
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Britainâs trade deficit unexpectedly shrank in May to the narrowest in more than one and a half years as buoyant economic growth in Europe and Asia raised exports. The goods trade deficit was Â£6.3 billion ($12.7 billion), the least since October 2005, down from a revised Â£6.9 billion a month earlier, the Office for National Statistics said. The report suggests British manufacturers are coping with the level of the pound, which reached the highest in a quarter-century last week on speculation of higher interest rates. British factories are benefiting from an economic pickup in the euro region, which buys half of their exports. Exports to non-European Union countries rose in May, by 2.3 percent, and imports fell by 1.9 percent, narrowing the gap in the goods trade to Â£3.5 billion. Exports to European Union nations rose 4.2 percent.
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The Bush administration hopes to build on a U.S. export boom that is helping to reduce the U.S. trade deficit from last year's record $758.5 billion, U.S. Commerce Secretary Carlos Gutierrez said on Monday.
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The UK's trade deficit narrowed in November, helped up an upturn in exports outside the European Union, official figures show.
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Japan's trade surplus in July rose a sharper-than-expected 44.2 percent on the back of record Asia-bound exports but some economists warned exports may slow later this year as China's economy cools.
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The U.S. trade deficit narrowed more than expected in December as record exports remained one bright spot of a weakening economy, while claims for jobless benefits also fell last week, data showed on Thursday.
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The trade gap totaled $19.5 billion as foreign demand for exports stayed strong despite worries about slowing global growth, the government news agency reported.
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The U.S. trade deficit narrowed more  than expected in September as a rise in exports to  unprecedented levels offset the impact of record-high prices  for imported oil, a government report showed on Wednesday.
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Exports help raise Q4 GDP to a stronger-than-expected 3.5%
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The World Trade Organization called on the United States and Europe to lower their farm barriers in return for greater export access to India, Brazil and other developing countries.
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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.