The U.S. June 2012 monthly trade deficitdeclined $5.12 billion to $42.924 billion. This is a -10.66% monthly decrease in the trade deficit, mainly due to increased exports. Exports increased $1.666 billion, or +9.09%. Imports declined $3.454 billion, a -1.49% decrease from May and mainly due to lower crude oil prices. This is the smallest monthly trade deficit in 18 months.
Q2 2012 real GDP showed 1.5% annualized growth. in the advance release. Q1 2012 GDP was revised up, from 1.9% to 2.0%. This article overviews and graphs the BEA statistical release for second quarter gross domestic product.
The U.S. May 2012 monthly trade deficitdeclined $1.91 billion to $48.68 billion. This is a 3.78% monthly decrease in the trade deficit, all due to reduced imports. Exports decreased $359 million, or -0.20%. Imports declined $1.55 billion, which is a -0.67% decrease from April. The decline in oil prices is the reason the trade deficit shrank for the month.
The U.S. April 2012 monthly trade deficitdeclined $2.56 billion to $50.06 billion. This is a 4.88% monthly decrease in the trade deficit. Exports decreased $1.53 billion, or -0.83%. Imports declined $4.09 billion, which is a -1.73% decrease from March. That said, don't be so overjoyed that the trade deficit declined.
The U.S. March 2012 trade deficitjumped $6.41 billion to $51.83 billion in a month. This is a 14.1% monthly increase in the trade deficit. Exports increased $5.28 billion, a 2.9% increase from last month. Imports increased $11.69 billion, which is a 5.15% increase from February.
The U.S. February 2012 trade deficitshrank $6.5 billion to $46 billion in a month. This is a 12.37% monthly decrease in the trade deficit. January's trade deficit was revised slightly down to $52.5 billion.
The January 2012 U.S. trade deficit increased $2.14 billion to $52.57 billion in a month. This is a 4.25% increase from last month in the trade deficit and the highest since October 2008. December's trade deficit was significantly revised up by $1.62 billion.
The annual trade data out of the December trade report has some shocking results. The 2011 trade deficit increased 11.6% from 2010. As a percentage of GDP the trade deficit is returning to pre-recession levels. The trade deficit is now 3.7% of U.S. GDP, up from 3.4% in 2010. The worst was 2006, when the soaring out of balance, trade deficit was 5.6% of GDP. Below is a graph of the U.S. trade deficit as a percentage of U.S. annual nominal GDP.
The December 2011 U.S. trade deficit increased $1.74 billion to $48.8 billion in a month. This is a 3.7% deficit increase from last month in the trade deficit. November's trade deficit was revised down by $694 million. December exports increased $1.23 billion, or -0.69%, while imports increased $2.97 billion, or +1.32%.
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