Trade Deficit Increases for April 2009

The Bureau of Economic Analysis released the April 2009 Foreign Trade statistics. Here is the BEA Foreign Trade Press Release and the full report.

Census, BEA US Trade graph June, 2009

The Nation's international deficit in goods and services increased to $29.2 billion in April from $28.5 billion (revised) in March, as exports decreased more than imports.

The Alliance for American Manufacturing:

Our trade problem can be summarized in one word: China. Imbalanced trade with China is responsible for over half (57%) of the overall U.S. trade deficit in April.

What is most amusing is Canada is attacking the Buy American provisions in the Stimulus. Yet check out these statistics of per nation trade deficits:

  • The goods deficit with Canada increased from $0.8 billion in March to $1.2 billion in April. Exports decreased $0.7 billion (primarily pharmaceutical preparations) to $16.1 billion, while imports decreased $0.3 billion (primarily iron and steel mill products) to $17.3 billion.
  • The goods deficit with China increased from $15.6 billion in March to $16.8 billion in April. Exports decreased $0.4 billion (primarily steelmaking materials) to $5.2 billion, while imports increased $0.7 billion (primarily apparel and furniture) to $21.9 billion.
  • The goods deficit with the European Union increased from $4.4 billion in March to $5.3 billion in April. Exports decreased $2.0 billion (primarily civilian aircraft, engines, equipment, and parts) to $17.8 billion, while imports decreased $1.0 billion (primarily passenger cars, industrial machines, and petroleum products) to $23.2 billion.

Here is a list of the United States top trading partners. Notice how China jumps to the top of the list on imports.

Cruel oil in April 2009 was $14.1 Billion in imports, up from $12.5 Billion in March.

The imports from China in April were $22 Billion.

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