Trade Deficit increases sharply in June

[mEDITate-OR:
not want to see the different views of CR

With the 1st chart CR shows U.S. the "normal" view - both exports and imports.
However, what this also shows U.S. is the FACT that both almost "track" - even in recessions. The gap has grown along with the size.

What the 2nd chart does for U.S. is separate the price of imported oil.
However, what this also shows U.S. is that between 04 and 09 when W quit on U.S., the trade deficit w/o oil was shrinking, a lot. But, oil was still getting worse.
However, in late 08 before W left, the economy's collapse also reduced the deficit - we simply stopped buying "stuff" from China.

Now, we are baa-a-ack....!!
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The first graph shows the monthly U.S. exports and imports in dollars through June 2010.

Clearly imports are increasing much faster than exports. On a year-over-year basis, exports are up 17% and imports are up 29%. This is an easy comparison because of the collapse in trade at the end of 2008 and into early 2009.

The second graph shows the U.S. trade deficit, with and without petroleum, through June.

The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.

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Trade Deficit increases sharply in June

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