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.
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.
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.
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%.
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.
The October 2010 U.S. trade deficit decreased $3.9 billion to $38.7 billion. September's trade deficit was revised to $44.6 billion. Exports increased $4.9 billion and imports decreased $0.9 billion. That's a 13.2% trade deficit decrease in a month. Exports alone increased 3.19% in October, which is a long time coming.
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.
The September 2010 U.S. trade deficit decreased $2.5 billion to $44.0 billion. August's trade deficit was revised, from $46.347 to $46.5 billion. The decline in the trade deficit was due to a $2.0 billion drop in imports. Exports increased $0.5 billion. China alone was 47.5% of the trade deficit.
"The other 90% is subsidy, currency manipulation, environmental practices run amok and labor practices that are simply deplorable," Leo Hindery Jr., chairman of the U.S. Economy/Smart Globalization Initiative, told the Conference on the Renaissance of American Manufacturing held on Sept. 28 in Washington, D.C., according to Industry Week.
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.
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