US Trade Gap Narrows As Exports Hit $195B, Oil Imports Drop

Law360, New York (January 7, 2014, 3:37 PM EST) -- The U.S. trade gap narrowed in November to its lowest level in about four years, as oil and other imports decreased and monthly exports rose to a record of almost $195 billion, the U.S. Department of Commerce said Tuesday.

A report released by the department's U.S. Census Bureau and Bureau of Economic Analysis showed that, in November, the trade deficit in goods and services was $34.3 billion, representing a $5 billion drop from the adjusted October trade gap and constituting the lowest the figure has been...
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