Trade Gap Widens to Record $55.5 Billion
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The U.S. trade gap widened nearly 9  percent in October to a record $55.5 billion as sky-high oil  prices helped propel imports into new territory, the government  said on Tuesday, while a second report showed industrial output  rose in November, as expected.
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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 US trade deficit ballooned to a record high of $617.7 billion last year, pushed by soaring oil prices and Americans' insatiable appetite for everything foreign, from cars to toys and food.
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The U.S. current account trade gap  widened slightly to a record $164.71 billion in the third  quarter, data showed on Thursday, but U.S. dependence on  overseas capital was not as great as feared, fueling a big  dollar rally.
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The U.S. current account trade gap  widened to a record $164.71 billion in the third quarter, data  showed on Thursday. The deficit, the broadest measure of U.S.  trade, was not as great as feared, spurring a dollar rally.
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WASHINGTON The United States announced Thursday that its trade gap widened in August to $54 billion, the second-largest ever, reflecting record spending on imported oil and a decline in goods exports that may presage a slowdown in manufacturing.
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The US trade deficit has expanded to its highest level in 14 months, official data shows.
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Record oil import prices and strong   demand for foreign goods ranging from cars to computers helped   pushed the U.S. trade deficit to a record $68 billion in July,   a government report showed on Tuesday.
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America's trade deficit soared to an all-time high of &#36;60.3 billion in November, reflecting record levels for imports of everything from oil and consumer goods to farm products, the government reported Wednesday.
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WASHINGTON -- The U.S. trade deficit set a fifth consecutive annual record in 2006, reflecting a huge jump in America's foreign oil bill and an all-time high for the trade gap with China. The year ended with the December deficit increasing more than had been expected.
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The U.S. current account gap widened  again in the second quarter, growing to a record $166.18  billion, the Commerce Department said on Tuesday.
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The gap between US exports and imports hits an all-time high of $671.7bn (Â£484bn) last year, official figures show.
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The US trade deficit, propelled by a record foreign oil bill, surged to $54 billion (R355 billion) in August, the second-highest level in history.
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The trade deficit jumped sharply in November, rising to $60.3 billion, increasing by 7 percent over the month before.
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America&#39;s trade deficit grew to an all-time high of $55.5 billion in October as imports - including those from China - increased to the loftiest levels on record.
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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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The U.S. trade deficit widened more than expected in December and grew 6.5 percent during all of 2006 to a record $763.6 billion, a U.S. Commerce Department report showed on Tuesday.