ERJ staff report (R&PN)
Washington DC – The US rubber product trade deficit grew again in October as trade activity for 2011 continued to run much higher than in 2010.
The monthly shortfall grew 13.7 percent to $835.7 million, according to data collected by the US Commerce Department. Exports increased 12 percent to $878.4 million but imports climbed even more, rising 12.9 percent to $1.71 billion. For the first 10 months of 2011, the deficit jumped 26.4 percent to $8.44 billion.
There has been a shift in the…