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U.S. trade deficit with Japan down 10.5 percent

Staff Writer |
The U.S. goods trade deficit with Japan narrowed 10.5 percent in November from October to $5.76 billion.

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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.

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