"One of the few bright sides of the global recession has been a steady improvement in the U.S. trade deficit. After expanding to as much as $68 billion a month in 2006, the trade gap shrank to just $27 billion in June. Imports have fallen in 10 of the past 11 months, a reflection of weak U.S. demand for foreign-made goods. Meanwhile, U.S. exports also fell, but not as rapidly as imports did. In May and June, exports began to recover. In real terms (adjusted for price changes), exports rose at a 16% annual rate in the May and June, after dropping at a 60% annual rate around the first of the year. "