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U.S. trade deficit with Japan down 10.5 percent

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Staff Writer | January 8, 2018
The U.S. goods trade deficit with Japan narrowed 10.5 percent in November from October to $5.76 billion.
trade deficit with Japan
Trade relations   The U.S. deficit in trade
This is due partly to smaller imports of automobile parts, the U.S. Commerce Department said.

The deficit with China grew 0.6 percent to $35.43 billion, the department said.

Globally, the U.S. deficit in trade of both goods and services grew 3.2 percent in the reporting month to $50.50 billion for the third consecutive month of increase.

U.S. exports were up 2.3 percent to $200.22 billion, while imports rose 2.5 percent to $250.72 billion.

The average import price per barrel of crude oil was $50.10 in November, up from $47.26 in October.