Exports Strongest in More Than Two Years

Washington, DC, Dec. 10, 2010 -- The U.S. trade deficit declined more than forecast in October on a weaker dollar that spurred more exports, according to the Commerce Department.

The gap narrowed 13% to $38.7 billion, less than the lowest estimate of economists. It was the smallest deficit since January.

Exports were the strongest since August 2008 as Mexico and China bought record amounts of U.S. products.

The trade gap was projected to be little-changed at $43.8 billion from an initially reported $44 billion in September.

Exports increased 3.2% to $158.7 billion.

Imports fell 0.5% to $197.4 billion from $198.4 billion in the prior month.