Trade Gap Swells Unexpectedly to Record
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The U.S. trade deficit widened  unexpectedly in November to a record $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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WASHINGTON -- The U.S. trade deficit in November surged to the highest level in 14 months, reflecting record imports of foreign oil. The deficit with China declined slightly while the weak dollar boosted exports to another record high.
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The U.S. trade deficit widened more than expected in August to its second-highest level on record, fueled by the highest oil import prices in 23 years and record imports from China, the U.S. government said on Thursday.
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Rising oil prices increased the U.S. trade gap in July to a record high, the government reported Tuesday, as the deficit between imports and exports soared above forecasts.
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ChinaÂs trade surplus with the world ballooned last month to $18.8 billion as exports soared, according to preliminary customs figures.
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The deficit in the broadest measure of trade climbed to a record high of $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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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 US trade deficit widened in August to its second-highest level on record, fuelled by the highest oil import prices in 23 years and record imports from China.
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America&#39;s trade deficit swelled to an all-time high of $55.5 billion in October as imports -- including those from China -- surged to the loftiest levels on record.
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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.
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A record US trade deficit is rekindling the globalization debate.
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China's trade surplus has surged to an almost record level in February, official state figures show.
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The US trade deficit, propelled by a record foreign oil bill, surged to $54 billion in August, second highest level in history. The politically sensitive
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The US 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, while industrial output rose as expected in November.
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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 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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WASHINGTON -- The U.S. trade deficit in November surged to the highest level in 14 months, reflecting record foreign crude oil prices. The deficit with China declined slightly while the weak dollar boosted exports to another record high.