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U.S. trade gap widened in October

Dec. 11, 2012 at 9:46 AM   |   Comments

WASHINGTON, Dec. 11 (UPI) -- The U.S. trade deficit rose from $40.3 billion in September to $42.3 billion in October, the Commerce Department said Tuesday.

Among major trading partners, the trade gap with China rose from $29.1 billion to $29.5 billion and from $7.1 billion to $8.6 billion with the Organization of Petroleum Exporting Countries.

The deficit with the European Union also rose, climbing from $8.6 billion to $10.6 billion. With Japan it rose from $4.8 billion to $7 billion.

The department also revised September's deficit. It was previously announced as a gap of $41.5 billion.

As for other trading partners, the trade gap rose slightly with Germany, Ireland, Nigeria, Taiwan and Venezuela.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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