facebook
twitter
search
search

U.S. trade gap widened in October

Dec. 11, 2012 at 9:46 AM

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.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Compact cannon for British armored vehicles
Aetna to acquire Humana for $37 billion in cash, stocks
New Zealand military receives medium heavy military trucks
BBC to lay off 1,000 people to make up for $234M in lost revenue
U.S. proposes tighter pipeline spill rules