The improvement came even as imports - including crude oil - hit new record highs.
The trade deficit narrowed in May because exports grew faster than imports.
Trade Deficit Ebbs as Exports Rise to Record High
WASHINGTON (AP) - July 11, 2008
The latest snapshot of trade activity, reported by the Commerce
Department on Friday, showed that the nation's trade gap decreased
to $59.8 billion. That was down 1.2 percent from April's trade
deficit and was the best showing since March.
