Friday, April 10, 2009

U.S. trade deficit declined to a level of 2000.

United States trade deficit in February 2009 fell by 28.3 per cent to 26 billion dollars, a record value for the last nine years. That was reported by AFP, referring to data the U.S. Department of Commerce. In January, the figure amounted to 36.2 billion dollars, which was a record since 1999.
The reason for reducing the trade deficit was the decline in imports due to falling demand in the U.S. for the products of foreign companies. The volume of U.S. imports in February declined by 5.1 per cent to 152.7 billion dollars.
The volume of exports, by contrast, grew up. The increase in this index in February was 1.6 percent. In total, the country exported goods to 126.8 billion dollars. With the highest growth was recorded in the field of consumer goods, automobiles and food products.
The trade deficit with China for the month fell to 14.2 billion dollars compared with 20.6 billion dollars in January this year. This figure was a record since February 2006. The volume of imports of Chinese goods amounted to 4.7 billion dollars, while exports to China - 18.9 billion dollars.
U.S. trade deficit declines over the past five months. At the end of the fourth quarter of 2008 this figure had fallen to 0.09 percent. The volume of exports declined by 19.7 per cent, while imports - by 15.7 percent.

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