Trade gap widens to $60 bln in May as expected
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The trade deficit widened as expected in May, as higher oil prices helped lift imports to an all-time high, swamping a boost to exports from stronger overseas growth and a weaker dollar, a government report showed on Thursday.
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Britain&#39;s international trade gap widened in July as it ran up a monthly deficit on its oil balance for the first time in more than a decade,official figures showed 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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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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The U.S. trade gap widened less than  expected in May, but the monthly petroleum bill hit a record  high as the imported oil price posted the biggest gain in  nearly 16 years, government data showed on Wednesday.
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The U.S. trade deficit grew in July to a record $68 billion, as oil import prices and demand for foreign goods and services rose to new highs.
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Inventories of unsold goods at U.S. wholesalers rose 0.5 percent in May, boosted by a buildup in a range of goods including automobiles, metals and electrical supplies, government data showed on Tuesday.
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China has seen its trade surplus hit $22.4bn in May from a year earlier, according to official data.
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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 to $54 billion in August, the second-highest in a string of record monthly trade gaps that shows no sign of abating.
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The U.S. current account deficit  widened more than expected in the second quarter to $218.4  billion, as surging oil prices pushed goods imports higher, the  U.S. Commerce Department said on Monday.
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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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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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China's trade surplus rose a bigger-than-estimated 73 percent in May from a year earlier, increasing pressure on the government to allow faster currency gains.
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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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BRITAINâS trade gap with the rest of the world narrowed unexpectedly in September as goods exports surged to their highest level in more than two years, official data revealed today.
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America's trade deficit swelled to a record high of $55.5 billion in October as imports -- including those from China -- surged to the loftiest levels ever. Skyrocketing crude oil prices also contributed to the yawning trade gap.