Trade Gap Narrows on Record Exports
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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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U.S. retail sales dipped in August and the U.S. gap with its international trade partners widened to a record level in the second quarter of the year, government reports released on Tuesday showed.
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The U.S. trade deficit narrowed in  December as oil import prices had the biggest decline in nearly  14 years, while first-time claims for jobless benefits fell to  the lowest level in more than 4 years.
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The countryâs trade deficit narrowed in January as coal and manufacturing exports rose, signaling that growth may pick up in the Asia-Pacific regionâs fifth-largest economy. The trade shortfall narrowed to 876 million Australian dollars ($677 million) from 1.38 billion Australian dollars in December, the Bureau of Statistics reported. Exports rose 2 percent and imports dropped 1 percent. Total exports climbed to 18.12 billion Australian dollars in January. Farm exports like meat, sugar, wheat and wool declined 1 percent. Shipments of nonrural goods, which include minerals, increased 3 percent. Total imports fell to 18.99 billion Australian dollars from December. Imports of intermediate goods, which include fuel, decreased 1 percent.
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U.S. retail sales dipped in August  and the U.S. gap with its international trade partners widened  to a record level in the second quarter of the year, government  reports released on Tuesday showed.
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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 U.S. trade deficit narrowed  sharply in September, aided by a slide in the value of the  dollar, which helped push exports to record levels, a  government report showed on Wednesday.
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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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The U.S. current account deficit shrank more than expected in the fourth quarter of 2006 to $195.8 billion, as lower oil prices took a bite out of imports and U.S. exports continued to rise, a Commerce Department report showed on Wednesday.
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After years of deterioration, the United States trade deficit appears to have finally peaked and started to decline.
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Soaring US exports help to narrow the country's trade deficit, while unemployment falls slightly.
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The U.S. trade deficit in October  narrowed by the biggest amount in nearly five years, as oil  import prices plunged for a second consecutive month and  exports edged up to a new record, a Commerce Department report  showed on Tuesday.
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The US trade deficit narrowed sharply in September, aided by a slide in the value of the dollar, which helped push exports to record levels, a government report showed on Wednesday.
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The U.S. trade deficit widened unexpectedly in November to a record &#36;60.3 billion, propelled by the highest-ever oil import bill and a drop in exports, a government report showed on Wednesday.
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Record imports and surging oil prices helped widen the U.S. trade deficit much more than expected in November to $63.1 billion, despite a ninth consecutive month of record exports, a U.S. Commerce Department report on Friday showed.
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Despite a soaring foreign oil bill and another record deficit with China, the overall U.S. trade deficit declined in 2007 after setting records for five consecutive years.
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WASHINGTON -- The deficit in the broadest measure of trade set a record for the fifth consecutive year even though the imbalance in the final three months of 2006 shrank, reflecting a lower foreign oil bill.