Trade Gap Swells Unexpectedly to Record
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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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The U.S. trade deficit jumped 6.5 percent to a record $763.6 billion last year as high oil prices and Americans' appetite for foreign-made goods outpaced strong exports.
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The US trade deficit hit a record high of $60.3 billion in November as American appetites for foreign oil and even imported food reached record levels.
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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. 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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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 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 annual US trade deficit rises to a new record of $763.6bn, hit by higher oil prices and surging Chinese imports.
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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 politically sensitive 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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Germany's trade surplus hit a surprise record in October, underpinning optimism about the pace of economic recovery.
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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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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 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 an all-time high of &#36;60.3 billion in November as American appetites for foreign oil and even imported food reached record levels.
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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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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.