Thursday, March 11, 2010

Trade gap narrows

The U.S. trade gap fell from $39.9 billion in December to $37.3 billion in January, as a large drop in imports offset a small decline in  exports.

Not a whole lot to mention in today’s release, as January exports were $0.5 billion less than December exports of $143.2 billion. January imports were $3.1 billion less than December imports of $183.1 billion.

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A drop in the nation’s oil bill was the largest contributor on the import side of the equation.  In summary, no major trends.

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