The advance U.S. trade in goods deficit was 6% lower than expected by economists surveyed by Bloomberg. This included an import figure that was just 0.3% higher than a month earlier, and 3% lower than the year before. This is a particular surprise given seaborne imports hit a new high while airfreight and import prices were largely unchanged. Given Mexican exports to the U.S. were 11% higher, the difference likely includes imports from Canada by land.