US-China imports, export rise; trade gap narrows
US imports and exports with China hit an all-time high in October, while the US trade gap with the world’s secondbiggest economy narrowed, according to the US Department of Commerce.
Exports to China in October increased to $13.1 billion from $9.6 billion in September, and imports increased to $41.9 billion from $40.1 billion, according to the figures released on Wednesday.
The trade gap between the US and China is higher than that of any other country with the US, it decreased to $28.9 billion in October from the $30.5 billion in September. Exports to China for the year to date are $95.8 billion; imports are at $362.8 billion year-to-date.