Exports up, imports down in December, shrinking trade gap
21% plunge expected to lift growth
Posted: February 9, 2013 at 3:27 a.m.
Containers are unloaded from cargo ships at APM Terninals in the Port of Los Angeles. The Commerce Department reported that the trade deficit fell nearly 21 percent in December as exports rose and imports shrank.
The U.S. trade deficit fell sharply in December as exports grew at a solid pace while imports of oil and many other goods shrank from the previous month, the Commerce Department reported Friday.
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