U.S. trade deficit shrunk so 40.6 billion dollars

U.S. trade deficit shrunk so 40.6 billion dollars


The U.S. trade deficit narrowed to 40.6 billion U.S. dollars in October , because there is a strong increase in exports , according to the state Commerce Department said Wednesday .

The trade gap fell 5.4 percent from an upwardly revised September figure of 43.0 billion U.S. dollars .

Exports rose 1.8 percent from September to a record 192.7 billion U.S. dollars , in October .

While imports rose a modest 0.4 percent to 233.3 billion U.S. dollars , the highest level since March 2012 .

Imports of crude oil , which accounts for 10 percent of U.S. imports , rose 0.8 percent to 23.9 billion U.S. dollars in October .

October trade deficit figures slightly higher than analysts' expectations .

" The trade data showed external demand for U.S. goods improved , showed somewhat stronger global economy , and the U.S. domestic demand is still strong , " said Tu Packard of Moody 's Analytics .

The U.S. trade deficit year after year , fell 4.9 percent in October .