This page has been archived and commenting is disabled.
December US Trade Balance At $40.6 Billion On Expectations Of $40.5, $38.3 Billion Previously
So much for a surge in the deficit. In December the US imported more than it exported by $40.6 billion, in line with expectations of $40.5 and slightly more than last month's 38.3 billion. From the release: "For December, the trade deficit increased to $40.6 billion from $38.3
billion (revised) in November. Exports increased $2.8 billion from
November to $163.0 billion in December. Goods were $116.6 billion in
December, up from $113.7 billion in November, and services were $46.4
billion in December, virtually unchanged from November. Imports
increased $5.1 billion from November to $203.5 billion in December.
Goods were $170.1 billion in December, up from $165.0 billion in
November, and services were $33.4 billion in December, virtually
unchanged from November." Curiously, ex-oil, the trade gap dropped to $15.3 billion, the lowest since March.
Complete breakdown:
Goods and Services
- The goods and services deficit was $497.8 billion in 2010,
up from $374.9 billion in 2009. As a percentage of U.S. gross domestic
product, the goods and services deficit was 3.4 percent in 2010, up from
2.7 percent in 2009. - Exports increased to $261.0 billion to $1,831.8 billion in 2010. Goods were $1,289.1 billion and services were $542.8 billion.
- Imports increased $384.0 billion to $2,329.7 billion in 2010. Goods were $1,935.6 billion and services were $394.1 billion.
- For goods, the deficit was $646.5 billion in 2010, up from
$506.9 billion in 2009. For services, the surplus was $148.7 billion in
2010, up from $132.0 billion in 2009.
Goods by Category (Census basis)
- For 2010, exports of goods were up $222.1 billion from
2009. Increases occurred in industrial supplies and materials ($94.0
billion); capital goods ($55.5 billion); automotive vehicles, parts, and
engines ($30.1 billion); consumer goods ($15.7 billion); foods, feeds,
and beverages ($13.8 billion); and other goods ($13.0 billion). - For 2010, imports of goods were up $352.4 billion from
2009. Increases occurred in industrial supplies and materials ($138.8
billion); capital goods ($80.0 billion); automotive vehicles, parts and
engines ($67.6 billion); consumer goods ($55.0 billion); foods, feeds,
and beverages ($10.1 billion); and other goods ($1.0 billion).
Services by Category
- For 2010, exports of services were $542.8 billion, up $40.5
billion from 2009. Increases occurred in other private services ($13.3
billion), which includes items such as business, professional, and
technical services, insurance services, and financial services; travel
($9.3 billion); royalities and license fees ($7.5 billion); passenger
fares ($4.8 billion); other transportation ($4.3 billion), which
includes freight and port services; transfers under U.S. military sales
contracts ($1.1 billion). Within other private services, the largest
increase was in business, professional, and technical services. - For 2010, imports of services were $394.1 billion, up $23.8
billion from 2009. Increases occurred in other private services ($8.0
billion); other transportation ($7.6 billion); royalities and license
fees ($4.1 billion); passenger fares ($2.2 billion); travel ($1.9
billion); and U.S. government miscellaneous services ($0.2 billion).
Within other private services, the largest increase was in business,
professional, and technical services. A decrease occurred in direct
defense expenditures ($0.1 billion).
»
- 3668 reads
- Printer-friendly version
- Send to friend
- advertisements -
I guess Citi is no good with figures/numbers.....
who would've thought?
Either that or the 'revision' will be large. Be interesting to see.
Exporting all that expensive corn probably helps. Corn, the new gold.
Bernanke to PBoC, "Would you like that in Cash or Check?"
Does the export of inflation and banking fraud go into "services" or "goods"?
Well if your good enough at accounting, you can mark that exporting of inflation as profit to you thus making the trade balance smaller than it actually is.
You got it!
Wow. Only 40.6 Billion dollars. In one month. What a relief.
Don't worry, Tyler. If employment had increased by a similar 0.25%, they'd show Obama dancing in the Oval Office.
Yeah but, I'm sure we Exported 5 times that much Inflation! And, since when did Bernanke get a concious? Oh yeah, right after his banking assholes got their bonuses.
I'm grooming my kids to be bankers. That's where the real money is......
First thing you need to do is strip them of any morals they have.
That's wrong.
Even Jesus hated bankers.
The balance of trade in goods and services for the USA has been negative EVERY SINGLE MONTH since January of 1992. No exceptions.
http://www.bea.gov/international/#trade
You can click on the link "Trade in Goods and Services, 1992-present" on the site and see the spreadsheet with the data.
What a pathetic track record the Free Traders have developed.
Trading green pieces of paper for real goods and services? Great job as long as you can keep it.
well, John ,it's worked really well for multinationals like GE. I guess you didn't get the memo: free trade for banksters screw the American middle class..no John it's working just as they knew it would.
Thanks for the memo and the history lesson. That had never dawned to me that the elites had a purpose in mind...
THAT'S A LOT OF IPADS!!!
iv wave almost completed ......LOAD UP on those PUTS .........
http://markettechnicals-jonak.blogspot.com/
It is obvious Bernank POMO is hurting the US economy. Hot money rushes overseas and causes inflation...reduces disposable income to buy stuff from US. Little inflation in the US allows consumers to buy more cheap goods from overseas.
The Bernank is wrong and will be shown the door by Mr. Market soon.
All is good.
Don't you know the Chinese have to be scratching their heads wondering where the hook is? No one can be this stupid.
Looks like Benny is going to trade in his helicopter for a jet.......we will have a new & improved Ben no more Helicopter Ben it will be Benney & the jets from here on out!
Is this from the department of "Cool Story Bro".
Dumb question, but which category includes oil imports?