Wednesday, August 11, 2010

Imports, Exports and the Trade Balance

Rising imports are a sign that U.S. Consumers and Business are in fact demanding more.  From the BEA report: 
 "June imports were $5.9 billion more than May imports of $194.4 billion."

Meanwhile, U.S. Exports are also increasing but a slightly decreasing rate.  The BEA stated today that:
"June exports were $2.0 billion less than May exports of $152.4 billion."
From the graph it appears that global demand for U.S. goods and services has been turning up as well:

From the previous two graphs we get to look at a deteriorating trade balance (exports - imports):

1 comment: