US exports lacked much excitement in August, but trade outlook seems more favorable. Details of a report recently released by the US Census Bureau show that trade in the near future may well be on the bright side. For one thing, from January through August this year, the nation’s deficit was 13% lower than it was during the same time frame in 2012. Part of this is due to a decline in oil imports, as prices have dropped and domestic energy production has increased. Trade is looking good for America also because of improved economic conditions. China’s manufacturing sector has picked up from a slow start earlier this year, and the debt crisis in Europe is not as bad as it previously was. This is key, as Europe makes up 20% of US exports.