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Actual | Forecast | Previous | Revised Form | |
| -37.3B | -40.8B | -39.9B | -40.2B | ||
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For January
Exports m/m: -0.3%, pr. 3.3% (Dec), 0.9% (Nov), 2.6% (Oct),
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| 6/10 | 7/10 | 8/12 | 9/10 | 10/9 | 11/13 | 12/10 | 1/12 | 2/10 | 3/11 | ||
| Actual | -29.2B | -26.0B | -27.0B | -32.0B | -30.7B | -36.5B | -32.9B | -36.4B | -40.2B | -37.3B | |
| Forecast | -28.8B | -30.0B | -28.4B | -26.8B | -32.7B | -32.0B | -37.0B | -34.9B | -35.7B | -40.8B | |
| Previous | -28.5B | -28.8B | -26.0B | -27.5B | -31.9B | -30.8B | -35.7B | -33.2B | -36.4B | -39.9B | |
| Revised From | -27.6B | -29.2B | N/A | -27.0B | -32.0B | -30.7B | -36.5B | -32.9B | N/A | -40.2B | |
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Actual | Forecast | Previous | Revised Form | |
| -40.2B | -35.7B | -36.4B | N/A | ||
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For December
Exports m/m: 3.3%, pr. 0.9% (Nov), 2.6% (Oct), 2.9% (Sep),
The US trade deficit widened more than expected in December, as the country imports of petroleum products surged on both higher prices and higher volume. The trade gap widened to $40.2 billion during the month from November’s $36.4 billion. It’s the largest trade deficit in one year, and were led by a sharp 8.4% increase in imports. Exports were up as well, climbing 3.3%, but the jump in imports outweighed the increase in exports. Exports increased to $142.7 billion which was the highest level since October 2008. The 3.3% rise was the biggest since March 2007. Looking at 2009 as a whole, the total trade gap shrank to $380.7 billion, the smallest level since 2001. The trade deficit for 2008 was $695.9 billion.
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Actual | Forecast | Previous | Revised Form | |
| -36.4B | -34.9B | -33.2B | -32.9B | ||
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For November
Exports m/m: 0.9%, pr. 2.6% (Oct), 2.9% (Sep), 0.2% (Aug),
The US trade gap widened in November, with the deficit posting a $36.4 billion shortfall between exports and imports. While exports rose 0.9%, putting them at their highest level in a year, imports surged 2.6%, mainly as a result of high oil prices. The deficit was wider then expected. A weaker dollar and stronger growth in the developing world is giving a boost to US exporters, which have now seen a seventh straight month of positive export growth. In November, demand from overseas came for US food products as well as automobiles and semiconductors. |
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Actual | Forecast | Previous | Revised Form | |
| -32.9B | -37.0B | -35.7B | -36.5B | ||
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For October
Exports m/m: 2.6%, pr. 2.9% (Sep), 0.2% (Aug), 2.2% (Jul),
The US trade deficit shrank in October when forecasts had called for it to widen. The trade shortfall stood at $32.94 billion, about 7.6% lower than the downwardly revised $35.65 billion trade gap seen in September. Exports grew by 2.6% to $136.84 billion, the highest level in nearly a year, while imports rose by only 0.4% to $169.78 billion, the highest level since December 2008. The US imported less crude oil as both the volume and price of oil fell. Exports were led higher by increases in consumer goods, industrial supplies, auto's and a jump in capital goods. Overall, its a positive trade report for the US and shows that a weaker greenback could be helping to stimulate exports as is the general recovery in the global economy. |
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Actual | Forecast | Previous | Revised Form | |
| -36.5B | -32.0B | -30.8B | -30.7B | ||
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For September
Exports m/m: 2.9%, pr. 0.2% (Aug), 2.2% (Jul), 2.0% (Jun),
The US trade deficit widened in September to show a trade gap of $36.5 billion. That figure was worse than expected and reflected higher oil imports and an increase in demand for foreign cars. Imports surged 5.8%, rebounding from their 0.6% decline in August. Exports were up 2.9%, a figure that shows that demand for US goods is increasing on a weak greenback and a pickup in growth in Asia and Europe. The increase was led by sales of civilian aircraft, industrial machines and petroleum products. Still, with imports climbing by the most in 16 years, it overshadowed the exports number and the trade gap widened by the most in a decade as a result. Still, the large import figure, aside from the increase in oil purchases shows that consumer spending may be recovering. A big factor in global trade will be how companies around the world restock their inventories. |
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Actual | Forecast | Previous | Revised Form | |
| -30.7B | -32.7B | -31.9B | -32.0B | ||
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For August
Exports m/m: 0.2%, pr. 2.2% (Jul), 2.0% (Jun), 1.6% (May),
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Actual | Forecast | Previous | Revised Form | |
| -32.0B | -26.8B | -27.5B | -27.0B | ||
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For July
Exports m/m: 2.2%, pr. 2.0% (Jun), 1.6% (May), -2.3% (Apr),
The US trade balance widened in July, disappointing forecasts that had called for the trade deficit to shrink. A surge of imports was the reason, as the 4.7% increase in imports outpaced the 2.2% gain in imports. The jump from June's figure to July's, or a 16% increase, was the largest in more than 10 years. Imports were fueled by car makers that needed to import raw materials and industrial supplies in order to meet demand following the introduction of the "cash-for-clunkers" program. Higher imports were also a result of higher oil prices, and increased demand by consumers for foreign cars, and goods like computers and TV's. Exports were up for a third straight month, as US exporters sold more capital goods including cars, civilian aircraft and computers. |
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Actual | Forecast | Previous | Revised Form | |
| -27.0B | -28.4B | -26.0B | N/A | ||
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For June
Exports m/m: 2.0%, pr. 1.6% (May), -2.3% (Apr), -2.4% (Mar),
The US trade deficit increased in June to $27 billion from $26 billion in May, which had been the lowest trade deficit in a decade. Exports were up for a second straight month, though the balance widened as imports increased by more, pushed up by higher costs for oil. The trade gap did widen less than forecast, and with demand for US exports returning its a sign that the global recession is bottoming out. Global trade has been particularly hard hit as companies and consumers reigned in spending, but overseas growth is beginning to firm and foreigners demanded more chemicals, capital equipment, and fuel oil and foods. |
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Actual | Forecast | Previous | Revised Form | |
| -26.0B | -30.0B | -28.8B | -29.2B | ||
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For May
Exports m/m: 1.6%, pr. -2.3% (Apr), -2.4% (Mar), 1.6% (Feb),
The US trade deficit narrowed in May to its lowest level in almost a decade, surprising forecasts that saw the deficit widening. Exports rose for the first time in 3 months, up 1.6%. Imports meanwhile fell 0.6%, as the US imported less foreign crude oil, reflecting lower demand for petroleum even as prices rose.
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Actual | Forecast | Previous | Revised Form | |
| -29.2B | -28.8B | -28.5B | -27.6B | ||
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For April
Exports m/m: -2.3%, pr. -2.4% (Mar), 1.6% (Feb), -5.7% (Jan),
US exports slid 2.3% in April, as February's positive reading has now been followed up by two months of losses. Imports fell 1.4%, but with the decline in exports outpacing the decline in imports the US trade balance for April grew to $29.2 billion. That reflects the weakness in the US' trading partners. Imports may rebound before exports do if the US starts coming out of its recession sooner than the other major economies. Therefore trade may not be a factor in helping the recovery. |
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