US trade deficit falls to lowest level since 2009

ISTANBUL

The US trade deficit fell to $29.4 billion last October, its lowest level since June 2009, the US Commerce Department announced Thursday.

According to the data, the country's trade deficit fell 39% compared to the previous month in October; the market expectation for the deficit was $58.1 billion.

The US foreign trade deficit in September was $48.1 billion.

Exports rose 2.6% in October to a record high of $302 billion, while imports fell 3.2% to $331.4 billion.

The US' trade partners it had the largest goods trade deficits with during this period were Mexico ($17.9 billion), Taiwan ($15.7 billion), Vietnam ($15 billion), China ($13.7 billion), and the EU ($6.3 billion).

The country's trade partners with the biggest surpluses were Switzerland ($7.3 billion), the UK ($6.8 billion), South and Central America ($5.6 billion), the Netherlands ($5.1 billion), and Hong Kong ($2.8 billion).