exports

Over Half a Trillion 2016 Trade Deficit

The U.S. December 2016 monthly trade deficit decreased 3.2% from last month and now stands at $44.3 billion.  For all of 2016, the trade deficit increased 0.4% from the year previous.  While that doesn't sound like much, the total amount is -$502.3 billion.  This is in spite of petroleum imports being much less of a trade deficit factor.

Further Deterioration of Trade Deficit in November Means A Bigger Hit to 4th Quarter GDP

The Census report on our international trade in goods and services for November indicated that our seasonally adjusted goods and services trade deficit rose by $2.88 billion to $45.24 billion in November from a revised October deficit of $42.36 billion.

The 18% Jump in Our October Trade Deficit Portends a Big Hit to Q4 GDP

Our trade deficit rose by 17.8% in October as the value of our exports decreased and the value of our imports increased.  The Census report on our international trade in goods and services for October indicated that our seasonally adjusted goods and services trade deficit rose by more than $6.4 billion to $42.6 billion in October from a revised September deficit of $36.2 billion.

The 10.1% Increase in the May Trade Deficit Was Not Bad Enough to Hit GDP

Our trade deficit increased by 10.1% in May as the value of our exports decreased and the value of our imports increased.   The Census report on our international trade in goods and services for May indicated that our seasonally adjusted goods and services trade deficit rose by $3.8 billion (rounded) to $41.1 billion in May from a revised April deficit of $37.4 billion.

February Trade Data Points to Some Bad Signs

The U.S. February 2016 monthly trade deficit increased 2.6% from last month and now stands at -$47.1 billion.  America still runs a surplus in services, now at $17.7 billion, but the goods deficit is still massive and this month was -$64.7 billion.  The U.S. trade deficit hasn't been this high since August 2015.

January's Trade Off to a Bad Start; On Track to Knock a Half Point Off Q1 GDP

Our trade deficit rose by 2.2% January, while the net value of both our exports and our imports decreased.  The Census report on our international trade in goods and services for January indicated that our seasonally adjusted goods and services trade deficit rose by $1.0 billion to $45.7 billion in January from a December deficit which was revised from $43.4 billion to $44.7 billion

Trade Deficit a 43 Basis Point Hit to 4th Quarter GDP Despite A 5% Drop in November

Our trade deficit fell by 5.0% November, after rising by a revised 5.0% in October, as the net value of both our exports and imports decreased.  The Census report on our international trade in goods and services for November indicated that our seasonally adjusted goods and services trade deficit fell by $2.2 billion to $42.4 billion in November from a October deficit which was revised from $43.9 billion to $44.6 billion.

September Trade Revisions Will Add 11 Basis Points to 3rd quarter GDP

Our trade deficit fell by 15.0% in September, virtually reversing the 15.6% jump in August, as the value of our exports rose and the value of our imports fell.  The Census report on our international trade in goods and services for September indicated that our seasonally adjusted goods and services trade deficit fell by $7.2 billion to $41.8 billion in September from an August deficit which was revised from $48.3 billion to $48.0 billion.

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