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US trade deficit narrowed in January; 2009 trade gap was $378.6 billion

March 11th, 2010

The US trade deficit narrowed to .29 billion in January, the Commerce Department said today. A 1.7% drop in imports outpaced a 0.3% drop in exports as the volume of oil imports hit its lowest level in more than a decade. The 2009 trade gap was 8.6 billion.

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