Last year the trade deficit was $534 billion, down by nearly a quarter from 2008.
However, imports increased as well, and the U.S. trade deficit rose about 10 percent last year.
But the trade deficit has been falling in the past couple of years.
And if you graph the Iraq War spending against our trade deficit, the parallels are pretty underwhelming.
Oil prices play a huge role in determining the size of the trade deficit.
Meanwhile, the U.S. trade deficit stands at $379.1 billion, up 40 percent from the same period in 2009.
Indeed, the rapid growth in international tourism has been a key factor in bringing down the trade deficit in recent years.
And in June, falling oil prices helped keep the trade deficit down.
That one income source covered more than one-third of the country's 2010 trade deficit.
The annual trade deficit in 1967 and 1968 was about 200 million leks.