US Trade Deficit

Forex News: US Trade Deficit come in at -56.8 billion

Greg Michalowski — Tue, 12 Aug 2008 08:30:27 -0400

Better than expected.

Exports increased by 6.4 billion but imports grew by a lesser amount of 3.9 billion.

Exports were led by increases in industrial supplies and materials, capital goods, foods, feed and beverages, consumer goods and automotive parts and engines.

Imports were led by increases in industrial supplies and materials. Decreases occcurred in capital goods, consumer goos and foods, feeds and beverages.

In other news, the Canada trade surplus came in at 5.8 Billlion Canada. Exports of energy and car shipments rebounded. Imports and exports both rose to record level. The trade surplus with the US was the widest since January 2006.

Sales of commodities continues to support the Canada export market.

Forex News: US Trade Deficit narrows

Greg Michalowski — Fri, 09 May 2008 08:48:21 -0400

The US Trade Deficit narrowed to 58.2 Billlion. This is good for GDP. The dollar is getting a bid off of that. Imports slowed and exports also slowed. This indicates slower US and possibly slower global growth as well.

The market does not really know how to interpret the data I feel. On one side, a lower deficit is a boost to GDP. On the other side, the slower imports and exports is a sign of weak domestic economy. So, expect pushes one way, then the other.

Forex News: US Trade Deficit to be released at 8:30 AM

Greg Michalowski — Tue, 11 Mar 2008 07:56:30 -0400

US Trade Deficit 63.1B

Greg Michalowski — Fri, 11 Jan 2008 08:33:25 -0500

Worse than expected.

Import Prices highest year increase on record. Import prices up 10.9% year. 2.9% excluding oil for the year. Deflationary effect of cheaper imports is waning as prices go up.

US Trade Deficit at 8:30ET

Greg Michalowski — Fri, 11 Jan 2008 08:10:39 -0500

The US Trade Deficit is to be released at 8:30. Improvement in this series has been the bright spot for the US economy as the weak dollar has helped make US goods more competitive overseas.

On the flip side is the effects of oil imports. Since the US is dependent on imported oil, when the oil price goes up it causes the absolute value of imports to go up as well - negating some of the export growth gains. As a result, the gains from the dollar are not fully appreciated.

Trade Deficit narrows to 56.5 versus 58.5 Estimate

Greg Michalowski — Fri, 09 Nov 2007 08:33:47 -0500

Prior revised to 56.8 billion from 57.6 Billion.

Imports increase by 1.2B

Exports increase by 1.5B

Import Prices increase by 1.8% versus expectations of 1.2%.

This is a 28 month low for the Trade Deficit.

US Trade Deficit to be Released today at 8:30 ET

Greg Michalowski — Fri, 09 Nov 2007 07:27:19 -0500

The US Trade Deficit is to be reported today. Expectations are for it to get worse falling to -59.0B from -57.6B. This may be due to the price of oil increasing the cost of oil imports. The number will be watched to see if the trend of increasing exports continues as a result of the declining dollar

The following chart shows the breakdown of Imports and Exports: