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US trade deficit declines to $34.3B billion

January 7, 2014 • National News


FILE – In this March 1, 2013, file photo, a crane removes a container from a ship at the Port of Baltimore’s Seagirt Marine Terminal in Baltimore. The trade gap dropped 12.9 percent in November to $34.3 billion, the Commerce Department said Tuesday, Jan. 7, 2014. That’s the smallest monthly trade deficit since October 2009. (AP Photo/Patrick Semansky, File)

WASHINGTON (AP) — The U.S. trade deficit fell in November to its lowest level in four years, an encouraging sign that economic growth in the final three months of the year was stronger than analysts had forecast.

Gains in energy production and stronger sales of American-made airplanes, autos and machinery lifted exports to an all-time high.

The trade gap dropped 12.9 percent in November to $34.3 billion, the Commerce Department said Tuesday. That’s the lowest monthly trade deficit since October 2009.

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