US trade deficit hits new record
{{date|November 11, 2005}}

The [[w:United States|United States]] [[w:Balance of trade|trade deficit]] hit a new record in September to $66.1 billion, up $5.7 billion from August.  The trade deficit so far this year totals $529.8 billion.  

A large part of the deficit is attributed to Hurricanes [[w:Hurricane Katrina|Katrina]] and [[w:Hurricane Rita|Rita]].

Some of the increase is attributed to energy imports that were needed after Hurricane Katrina slowed down domestic oil production.  [[w:Crude oil|Crude oil]] imports dropped $350 million due to shut down refineries, yet [[w:Natural gas|natural gas]] imports increased $3.7 billion.  Fuel oil and petroleum products increased by $6.8 billion.  There was also a 2.6 percent drop in exports.

Also affected by Katrina, food exports fell $296 million from transportation delays caused by the shutdown of the port of New Orleans.  The total decrease in all exports was $2.8 billion. 

The largest trade deficit is with China, up $1.6 billion to a record $20.1 billion after a flood of toys, clothes, and televisions were shipped to the United States.

== Sources ==

*{{source
|url=http://www.bea.gov/bea/newsrelarchive/2005/trad0905.pdf
|title=The US Department of Commerce Report
|author=
|pub=US Department of Commerce
|date=November 10, 2005
|archiveurl=https://web.archive.org/web/20060901222247/http://www.bea.gov/bea/newsrelarchive/2005/trad0905.pdf
|brokenURL=true
}}

*{{source|url=http://www.nytimes.com/2005/11/10/business/10cnd-econ.html?hp&ex=1131685200&en=1edae8f1604746a8&ei=5094&partner=homepage
|title=U.S. Trade Deficit Hits $66 Billion, Another Record
|author=Vikas Bajaj
|pub=NYTimes.com
|date= November 10, 2005}}

*{{source|url=http://money.cnn.com/2005/11/10/news/economy/tradegap/?cnn=yes
|title=Trade gap soars to record
|author=Chris Isidore
|pub=CNNMoney
|date=November 10, 2005}}

*{{source|url=http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2005/11/11/BUGM8FM8HL1.DTL&type=business
|title=Trade deficit swells to record / Flood of goods from China pushes gap to $66.1 billion
|author=Paul Blustein
|pub=Washington Post
|date=November 11, 2005}}

{{Publish}}

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[[Category:Economy and business]]
[[Category:United States]]
[[Category:North America]]

[[it:Nuovo record del deficit commerciale USA 2005]]
The United States trade deficit hit a new record in September to $66.1 billion, up $5.7 billion from August.  The trade deficit so far this year totals $529.8 billion.  

A large part of the deficit is attributed to Hurricanes Katrina and Rita.

Some of the increase is attributed to energy imports that were needed after Hurricane Katrina slowed down domestic oil production.  Crude oil imports dropped $350 million due to shut down refineries, yet natural gas imports increased $3.7 billion.  Fuel oil and petroleum products increased by $6.8 billion.  There was also a 2.6 percent drop in exports.

Also affected by Katrina, food exports fell $296 million from transportation delays caused by the shutdown of the port of New Orleans.  The total decrease in all exports was $2.8 billion. 

The largest trade deficit is with China, up $1.6 billion to a record $20.1 billion after a flood of toys, clothes, and televisions were shipped to the United States.

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Economy and business United States North America