trade deficit

Trade Deficit for April 2011 - $43.7 Billion

The April 2011 U.S. trade deficit decreased -$3.1 billion to $43.7 billion. This is a -6.7% monthly drop in the trade deficit and the largest since October 2010. Exports were the highest on record. Oil imports were the highest on record and the drop in imports from Japan also was the largest decrease on record. The tsunami hit Japan on March 11th.

 

Trade Deficit for March 2011 - $48.2 Billion

The March 2011 U.S. trade deficit increased $2.8 billion to $48.2 billion. The February 2011 monthly trade deficit was $45.4 billion. $31.3 billion of the March trade deficit is oil related, $8.8 billion more than 1 month ago, and 51.2% of the total goods trade deficit. Services have surplus of $13.9 billion and increased $0.2 billion last month.

 

Trade Deficit for February 2011 - $45.8 Billion

The February 2011 U.S. trade deficit decreased $1.2 billion to $45.8 billion. The January 2011 monthly trade deficit was $47 billion, revised up from $46.3 billion. $26.7 billion of this deficit is oil related, $0.9 billion less than 1 month ago, and 44.1% of the total goods trade deficit. Both imports and exports dropped, with imports declining $3.6 billion, or 1.7% and exports dropping $2.4 billion, or 1.4% for February.

Trade Deficit for January 2011 - $46.3 Billion

The January 2011 U.S. trade deficit increased a whopping $6 billion to $46.3 billion, from the December 2010 trade deficit of $40.3 billion, revised. $26.7 billion of this deficit is oil related, $1.2 billion more than 1 month ago, and 45.3% of the total goods trade deficit. Imports increased 2.4 times faster than exports than December, with monthly increases of $4.4 billion for exports and imports $$10.5 billion.

 

Trade Deficit for December 2010 - $40.6 Billion

The December 2010 U.S. trade deficit increased $2.3 billion to $40.6 billion. $25.3 billion of this deficit is oil related. For the year, the trade deficit is -$497.8 billion, a trade deficit increase of -$122.9 billion, or 32.8% increase, in comparison to 2009. Oil related trade was -$265 billion of the total yearly 2010 deficit, or 53.2%.

Trade Deficit for November 2010 - $38.3 Billion

The November 2010 U.S. trade deficit decreased $0.1 billion to $38.3 billion. October's trade deficit was revised to $38.4 billion. Exports increased $1.2 billion and imports increased $1.1 billion. That's only a 0.7% increase in exports from last month, so in a nutshell, the trade deficit didn't budge much from October.

 

Reduce the trade deficit; increase GDP & median wage

Warren Buffett’s concept to significantly reduce USA’s trade deficit.

I’m a proponent of a proposal that was introduced to the Senate in 2006. Trade deficits are always detrimental to a nation’s GDP. Trade deficit’s detriment to the GDP exceeds the amount of the deficit itself. The GDP bolsters the median wage.

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