Trade Deficit declines in July

[mEDITate-OR:

think that this is not good news...

or that it is not bad news..

While everyone of U.S. appears to be talking about the balance of trade with China, what they are NOT telling U.S. is that this year there has been a very sizable increase in BOTH China's imports from U.S. and of our exports to the rest of the world.

While everything is NOT in balance, we should note that the US balance with Mexico has remained constant all year = US$ 5 Billion a month we send them for their oil shipments to U.S.
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The first graph shows the monthly U.S. exports and imports in dollars through June 2010.

Although imports declined in July, imports have been increasing much faster than exports.

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The second graph shows the U.S. trade deficit, with and without petroleum, through July.
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.
The decrease in the deficit in July was across the board, although the oil deficit only declined slightly. And the trade gap with China declined slightly to $25.92 billion from $26.15 billion in June - essentially unchanged.

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Trade Deficit declines in July
http://www.calculatedriskblog.com/2010/09/trade-deficit-declines-in-july.html
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