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December 10, 2010 9:00 AM, EST

U.S. Trade Deficit Drops 13% in October

Larry Smith/Trans Pixs

The U.S. trade deficit declined 13% in October as a weaker dollar boosted U.S. exports, the Commerce Department said Friday.

The gap between imports and exports fell to $38.7 billion, from an initially reported $44 billion in September.

Economists expected little change from the $44 billion level, Bloomberg reported.

U.S. exports rose 3.2% to $158.7 billion, while imports slipped 0.5% to $197.4 billion.