Falling U.S. demand thanks to the financial crisis narrowed the trade gap.

Analysts said the smaller-than-expected trade gap will likely boost second-quarter US economic growth.

Data also showed the US trade gap narrowed in August.

The US trade gap narrowed sharply in November after two months of record deficits.

The December shortfall followed a much bigger contraction in the trade gap in November.

The February trade gap was the biggest in five months.

Nor can the central bank ignore the yawning trade gap.

The US trade gap with China also set a record at $28 billion.

But India's dependency on foreign investment, and ballooning trade gap, puts it particularly at risk.

As a result, the trade gap should be less of a drag on the economy.

Ireland's trade gap rose marginally in May as both exports and imports of goods rose.

The U.S. trade gap also narrowed sharply in July.

But Britain's trade gap with the rest of the world widened and wage growth stalled.

In India, government data on Friday showed the country's trade gap narrowed from the prior month.

The trade gap may not be able to keep narrowing as oil prices continue to surge.

Britain's goods trade gap widened to largest on record in July, official data released earlier today showed.