WASHINGTON - The U.S. trade deficit increased in December after hitting a four-year low in November. But for the year, the deficit fell to its lowest point since 2009 as exports rose to an all-time high.
The Commerce Department says the trade
deficit increased to $38.7 billion in December, a 12 percent increase over
November. U.S. exports slipped 1.8 percent to $191.3 billion while imports were
up 0.3 percent to $230 billion.
For all of 2013, the deficit dropped
11.8 percent to $471.5 billion, the lowest level since the Great Recession
caused the deficit to shrink in 2009.
U.S. exports rose 2.8 percent, as an
improving global economy benefited American manufacturers and an energy production
boom lifted U.S. petroleum exports to a record level. Imports dipped 0.1