trade deficit

Trade Deficit for August 2010 - $46.3 Billion

The August 2010 U.S. trade deficit increased to $46.347 billion. July's revised deficit was $42.583 billion. The goods deficit with China alone increased $2.1 billion. That's an 8.84% U.S. trade deficit increase in one month. U.S. exports increased by a measly $0.3 billion, to $153.5 billion, while imports increased by $4.1 billion, to $200.2 billion.

 

Trade Deficit for July 2010 - $42.8 billion

The July 2010 U.S. trade deficit decreased from last month's $49.8 billion to $42.8 billion. That is a 14% U.S. trade deficit decrease in one month, yet a yo-yo effect, bringing the trade deficit back about the same level as May 2010. U.S. exports increased by $2.8 billion, to $153.3 billion, while imports decreased $4.2 billion, to $196.1 billion.

 

China's Exports Explodes - 140% yearly increase in trade gap

Recall how the Obama administration refuses to label China a currency manipulator. Now recall the U.S. needs 10,600,000 jobs just to return to a 5% unemployment rate. Now recall the U.S. has lost 2.4 million jobs due to China from 2001-2008.

Now the news, China's trade gap increased 140% from one year ago.

The trade gap rose 140 percent, to $20.02 billion, compared with a year earlier, the customs bureau said on its Web site on Saturday. That compares with the $15.6 billion median estimate of 24 economists surveyed by Bloomberg News. Exports surged 43.9 percent compared with a year earlier and import growth moderated for the third month, rising by 34.1 percent.

Notice how exports soared while imports, uh, not so much.

The value of outbound shipments rose to a record $137.4 billion last month, the customs bureau said. The previous high was $136.68 billion in July 2008, before the global financial crisis deepened. The 43.9 percent expansion compared with the median 38 percent forecast in a Bloomberg News survey of 24 economists.

Trade Deficit for March 2010 - $40.4 billion

The March 2010 U.S. trade deficit increased $1 billion from last month $39.4 billion (revised) to $40.4 billion. Exports were up $4.6 billion from last month whereas imports increased $5.6 billion from January.

 

March exports of $147.9 billion and imports of $188.3 billion resulted in a goods and services deficit of $40.4 billion, up from $39.4 billion in February, revised. March exports were $4.6 billion more than February exports of $143.3 billion. March imports were $5.6 billion more than February imports of $182.7 billion

Exports were up 20.4%, imports, 24.2% for the year and exports increased 3.2% and imports 3.06%.

Trade Deficit for February 2010 - $39.7 billion

The Trade deficit increased $2.7 billion from last month to $39.7 billion. Exports increased $0.3 billion where imports increased $3.0 billion from January.

 

February exports of $143.2 billion and imports of $182.9 billion resulted in a goods and services deficit of $39.7 billion, up from $37.0 billion in January, revised. February exports were $0.3 billion more than January exports of $142.9 billion. February imports were $3.0 billion more than January imports of $179.8 billion.

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