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Canada posts small trade deficit in January

Canada's trade swung into virtual balance in January with a deficit of only Can$177 million, compared to a Can$922 million deficit the previous month, the government said Friday. The improved trade balance surprised economists who had expected a Can$1.5 billion deficit. Statistics Canada also revised downward by nearly half its initial estimate of the December deficit from Can$1.7 billion.

US trade deficit widened slightly to $39.1 billion in January, reflecting jump in imported oil

WASHINGTON - The U.S. trade deficit widened slightly in January as a rise in imports of oil and other foreign goods offset a solid increase in exports. The trade deficit increased to $39.1 billion, up 0.3 per cent from December's revised $39 billion deficit, the Commerce Department reported Friday. Exports climbed 0.6 per cent to $192.8 billion, led by increased sales of U.S.-made machinery, aircraft and medical equipment. Imports also rose 0.6 per cent to $231.6 billion, reflecting a 9 per cent jump in imports of petroleum. Imports of food and machinery also rose.

US trade gap widens slightly in January

The US international trade deficit ticked slightly higher in January but stayed on a narrowing trend as the global economy continues to slowly recover, official data released Friday showed. The nation's trade shortfall in goods and services rose to $39.1 billion in January from $39.0 billion in December as imports increased more than exports, the Commerce Department said. The December trade gap was upwardly revised from the initial estimate of $38.7 billion. The larger trade gap was unexpected. Analysts on average forecast it would shrink to $37.3 billion.

U.S. trade deficit steady in January as exports bounce back

WASHINGTON (Reuters) - The U.S. trade deficit was little changed in January as a rebound in exports matched an increase in imports. The Commerce Department said on Friday the trade gap was at $39.1 billion from December's revised shortfall of $39.0 billion. December's trade gap was previously reported as being $38.7 billion. January's trade deficit was in line with economists' expectations. When adjusted for inflation, the trade gap dipped to $48.5 billion in January from $49.2 billion the prior month.

US trade gap widens slightly in January

The US international trade deficit rose to $39.1 billion in January as imports increased more than exports, the Commerce Department said. The December trade shortfall was larger than previously believed, at $39.0 billion, instead of the initial estimate of $38.7 billion, the department said. The slight rise in the trade gap was unexpected. Analysts on average forecast it would shrink to $37.3 billion. In January, the United States imported $231.6 billion in goods and services, an increase of $1.3 billion from December.

Canadian trade deficit narrows to $177 million as imports fall in January

OTTAWA - Statistics Canada says a dip in imports contributed to a significant narrowing of Canada's merchandise trade deficit in January to $177 million from $922 million the previous month. The agency says exports did increase during the month by 0.2 per cent to $40.6 billion, but it was a 1.6 per cent decline in imports to $40.8 billion that was the main reason for the improvement in the balance of trade.

Indonesia trade in deficit on mineral export ban

Indonesia swung to a trade deficit in January as a controversial government ban on mineral ore shipments by Southeast Asia's biggest economy crimped overall exports, data showed Monday. The January deficit of $431 million compared to a $1.5 billion surplus in December, the official Statistics Agency said. "The 5.75 percent drop in exports is due to the annual pattern and the coming into effect of the mineral law," said Adi Lumaksono, a senior official at the agency.

Current account deficit rose $1.2B in fourth quarter: Statistics Canada

OTTAWA - Statistics Canada says the country's current account deficit increased $1.2 billion to $16 billion in the fourth quarter on a seasonally adjusted basis. The agency said the increase was mostly due to a larger deficit on trade in goods. The deficit on international trade in goods widened $1.4 billion to $2.7 billion in the fourth quarter, as exports fell and imports moved higher. The trade surplus with the United States was down by $3.3 billion on stronger imports and weaker exports, both sides led by changes in crude petroleum.

Spain cuts trade deficit by almost half in 2013

Spain's trade deficit fell by almost half in 2013 as exports hit a new record and imports fell due to weak domestic demand, in a country where one in four is out of work, officials said on Friday. The shortfall of exports to imports for Spain, with the eurozone's fourth-biggest economy, fell 48.1 percent last year from the 2012 level. The outcome was a deficit of 15.9 billion euros ($21.8 billion), the economy ministry said.

Spain cuts trade deficit by almost half in 2013

Spain's trade deficit fell by almost half in 2013 as exports hit a new record and imports fell due to weak domestic demand, in a country where one in four is out of work, officials said on Friday. The shortfall of exports to imports for Spain, with the eurozone's fourth-biggest economy, fell 48.1 percent last year from the 2012 level. The outcome was a deficit of 15.9 billion euros ($21.8 billion), the economy ministry said.
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