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| | Balance of trade - Wikipedia, the free encyclopedia |
 | | Balance of trade figures, also called net exports (NX), are the sum of the money gained by a given economy by selling exports, minus the cost of buying imports. | | | Monetary trade balance is different from physical trade balance (which is expressed in amount of raw materials). | | | A positive balance of trade is known as a trade surplus and consists of exporting more (in financial capital terms) than one imports. |
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http://en.wikipedia.org/wiki/Trade_deficit
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| | National Statistics Online |
| | The deficit on trade in goods with the EU in August was £2.5 billion. | | | The deficit with non-EU countries widened to £3.2 billon in August from the deficit of £2.6 billon in July. | | | The deficit on trade in goods in August was £5.6 billion. |
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http://www.statistics.gov.uk/cci/nugget.asp?id=199
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| | America's Maligned and Misunderstood Trade Deficit |
| | America's $114 billion trade deficit in 1997, and the prospect of a larger deficit in 1998, are not a cause for worry. | | | The trade deficit shrank to a low of $31 billion in 1991, but it has grown again to more than $100 billion a year since 1994, (5) reaching $113.7 billion in 1997. | | | Trade deficits may even be good news for the economy because they signal global investor confidence in the United States and rising purchasing power among domestic consumers. |
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http://www.freetrade.org/pubs/pas/tpa-002.html
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| | Trade Ticker - The Web's only up-to-the-second counter for the U.S. Trade Deficit |
| | A trade deficit is a calculation of the difference between the goods and services Americans sell to foreigners and the goods and services that Americans purchase from foreigners. | | | A trade deficit with one country or in one year is not necessarily worrisome, and according to standard economic theory, will correct itself over time. | | | The enormous size of the trade deficits over the last several years raises the possibility of a severe international economic crisis should foreigners begin to dump the dollars they hold in world currency markets. |
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http://www.americaneconomicalert.org/ticker_home.asp
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| | FTD - Congressional Highlights |
| | The goods deficit with Canada increased from $6.0 billion in July to $6.7 billion in August. | | | For goods, the deficit was $63.8 billion in August, up from $62.5 billion in July. | | | The goods deficit with China increased from $17.7 billion in July to $18.5 billion in August. |
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http://www.census.gov/indicator/www/ustrade.html
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| | U.S. International Transactions News Release |
| | The goods deficit was unrevised at $186.3 billion; the services surplus was revised to $13.3 billion from $14.6 billion; the income surplus was revised to $0.6 billion from $3.8 billion; and unilateral current transfers were revised to net outflows of $26.3 billion from $27.1 billion. | | | The current-account deficit was revised to $198.7 billion from $195.1 billion. | | | Income The balance on income shifted to a deficit of $0.5 billion in the second quarter from a surplus of $0.6 billion in the first. |
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http://www.bea.gov/bea/newsrel/transnewsrelease.htm
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| | Slate - Everyday Economics - June 26, 1997 |
| | A trade deficit is the amount you spend in a given place minus the amount you earn there. | | | (A trade surplus is just the opposite: The amount you earn in a given place minus the amount you spend there.) I don't earn any income in Pittsford, so my trade deficit is equal to the amount I spend. | | | When the nation's overall trade deficit increases, it means that Americans, on average, are spending more than they are earning. |
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http://www.econ.rochester.edu/eco108/slate/personaltradedeficit.html
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| | CBS News Record U.S. Trade Deficit In 2003 February 13, 2004 09:41:23 |
| | The annual trade deficit reported by the Commerce Department on Friday was 17.1 percent larger than the previous record shortfall of $418 billion posted in 2002. | | | America's trade deficit with Canada last year was a record high $54.4 billion. | | | The Bush administration believes the best way to handle the mushrooming trade deficits is to get other countries to remove trade barriers and open their markets to U.S. businesses. |
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http://www.cbsnews.com/stories/2004/02/13/national/main600034.shtml
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| | AlterNet: What About the Trade Deficit? |
| | The much-feared federal budget deficit is back in the news; the latest projections show it could be twice as high in the coming year as previously thought. | | | One way to put this borrowing in perspective is to compare it to a much more glaring example of spending beyond our means, the U.S. trade deficit, which is piling up debt at more than three times the rate of our federal government's deficit spending. | | | The latest projections show that the federal budget deficit could be twice as high in the coming year as previously thought. |
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http://www.alternet.org/story.html?StoryID=13065
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| | ABC News: Trade Deficit Hits Record $665.9B in 2004 |
| | WASHINGTON Mar 16, 2005 — The United States deficit in the broadest measure of international trade soared to an all-time high of $665.9 billion in 2004, showing in stark terms the speed with which the country is becoming indebted to the rest of the world. | | | The Commerce Department reported Wednesday that the shortfall in the current account was 25.5 percent higher than the previous record, the $530.7 billion deficit set in 2003. | | | U.S. Trade Deficit Hits All-Time High of $665.9 Billion in 2004, Commerce Dept. Reports |
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http://abcnews.go.com/Business/wireStory?id=585585
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| | Safe Haven The Trade Deficit End-Game |
| | The nominal U.S. trade deficit widened to $58.3 billion in January from December's downward revised $55.7 billion deficit. | | | The trade deficit with China widened by $1 billion to $15.2 billion, in part possibly due to a jump in apparel imports following the expiration of quotas. | | | One of my deepest concerns is that the current complacency with the trade deficit which stems from the relative stability of the US economy and markets will lead to an event as dramatic as the fall of the NASDAQ. |
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http://www.safehaven.com/article-2728.htm
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| | Whiskey Bar: Hard Landing |
| | This is especially true when the deficit is caused largely by a reduction in tax revenue as opposed to an increase in spending. | | | Its not the amount of the deficit, its the amount and type of spending that creates the deficits that determines the impact on the economy. | | | According to the Commerce Department, the trade deficit -- as measured in the National Income and Product Accounts -- swelled to $553 billion in the second quarter, as imports rose by $35 billion, while exports shrank by $8.4 billion. |
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http://billmon.org/archives/000418.html
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| | Wall $treet Week with FORTUNE . In the News PBS |
| | The time to halt this trading of assets for consumables is now, and I have a plan to suggest for getting it done. | | | Any profits Berkshire might make from currency trading would pale against the losses the company and our shareholders, in other aspects of their lives, would incur from a plunging dollar. | | | America's growing trade deficit is selling the nation out from under us. |
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http://www.pbs.org/wsw/news/fortunearticle_20031026_03.html
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| | U.S. Trade Deficit Continues to Climb (washingtonpost.com) |
| | The U.S. trade deficit widened to $54 billion in August, the second-highest in a string of record monthly trade gaps that shows no sign of abating. | | | But many analysts worry that the wider the trade deficit gets, the more dangerously dependent the United States becomes on the money that foreigners are effectively lending Americans to buy imported goods. | | | At the current rate, the trade deficit for the full year will total $590 billion, well above last year's record of $496 billion. |
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http://www.washingtonpost.com/wp-dyn/articles/A34299-2004Oct15.html
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| | Tariff Reduction & Trade Deficit |
| | China's foreign trade had a rapid development in 2003, with a total import and export volume of US$850 billion, rising 37.1 percent compared with that of the year before and accounting for 60 percent of the year's GDP. | | | In the first four months of this year, China's trade deficit totaled US$10.76 billion, and the figure for February alone was US$7.9 billion, the largest monthly deficit. | | | Import tariff cut is not the only reason for trade deficit, but it does make apparent impact on some industries. |
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http://china.org.cn/english/2004/Jun/98049.htm
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| | BBC NEWS Business US trade deficit widens sharply |
| | The main catalyst, most economists accept, is the large budget deficit on the one hand, and the current account deficit - the difference between the flow of money in and out of the US - on the other. | | | The trade deficit is a large part of the latter. | | | The trade deficit - far bigger than the $54bn widely expected on Wall Street - prompted a rapid response from the currency markets. |
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http://news.bbc.co.uk/2/hi/business/4169039.stm
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| | Trade deficit narrowed in September - Stocks & Economy - MSNBC.com |
| | The size of the deficit in September turned out to be smaller than the roughly $53 billion or $54 billion deficit that some economists were forecasting. | | | The U.S. trade deficit, however, narrowed with Japan in September to $6.1 billion and with Canada — to $5.3 billion. | | | September’s trade deficit represented a 3.7 percent reduction from August. |
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http://www.msnbc.msn.com/id/6450794
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| | NCPA - Trade Issues - The Meaningless Trade Deficit |
| | Yet the trade balance data assume that it makes a difference whether goods or services are produced by a U.S. company domestically, or in one of its foreign offices or plants. | | | Large trade deficit figures unfortunately stoke the fires of protectionism and encourage ill-advised policies. | | | The data show that on an ownership basis, the U.S. trade deficit is far smaller than the official figures indicate. |
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http://www.ncpa.org/pd/trade/pd021400a.html
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| | The Trade Deficit's Widening Threat |
| | After a 19% increase in June's trade deficit, some say the risks of a sharp decline in the stock, credit and currency markets are intensifying. | | | The U.S. trade deficit jumped to a record $55.8 billion in June from $46.9 billion in May, as imports rose 3.3% and exports fell 4.3%, the biggest decline in more than three years. | | | On an annualized basis, the deficit now accounts for 5.75% of nominal gross domestic product compared with just 3.2% of GDP in the second quarter of 1987. |
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http://www.thestreet.com/markets/rebeccabyrne/10178505.html
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| | Latest International Trade in Goods and Services News Release |
| | For the three months ending in July, the average trade deficit was $57.9 billion, reflecting average exports of $106.0 billion and average imports of $163.8 billion. | | | In August, the goods deficit increased $1.3 billion from July to $63.8 billion, and the services surplus increased $0.2 billion to $4.8 billion. | | | Analysis of Gulf Region export and import goods data indicates the value of preliminary data should be between 70 and 90 percent of the final value reported in the regular monthly trade report, with wider variations by district, port, and industry group. |
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http://www.bea.doc.gov/bea/newsrel/tradnewsrelease.htm
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| | U.S. trade gap hits record $48.3 billion in April - Jun. 14, 2004 |
| | The higher deficit is likely to be a drag on second-quarter U.S. economic growth and may prompt some analysts to lower their forecasts. | | | The politically charged trade gap with China is expected to set another record in 2004, after reaching $124 billion last year. | | | The U.S. goods trade deficit with China jumped nearly 15 percent in April to $12.0 billion. |
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http://money.cnn.com/2004/06/14/news/economy/trade
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| | BW Online December 29, 2003 What's Really Feeding The Trade Deficit Beast |
| | If economists disagree on how much of the trade deficit is structural, they agree on what a hard landing looks like: World financial markets lose confidence in the dollar and stop financing the mounting trade and budget deficits. | | | Unfortunately for the theory, the government's budget deficit came steadily down in the mid to late 1990s -- and the trade deficit kept climbing, even right through the recession, when reduced consumption supposedly cuts imports and improves trade balances. | | | The U.S. trade deficit will exceed 5% of gross domestic product this year. |
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http://www.businessweek.com/magazine/content/03_52/b3864028_mz007.htm
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| | About That Trade Deficit (Dec 2004) |
| | running a trade deficit, but it is somewhat likely that our hard currency exports will diminish in the future. | | | The dollar is valued by foreigners because it is a form of hard currency, along with the euro, the pound and the yen. The United States is in the hard currency export business—or, to put it more subtly, the export of hard currency services. | | | If there were no money, there would be no trade deficit. |
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http://www.lancelotfinn.com/trade_deficit.htm
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| | Trade Deficit's Real Meaning |
| | The figures indicate that the trade deficit reached $369.7 billion last year compared with $265 billion the year before — a 39.5 percent increase. | | | But the numbers also showed that the deficit declined in the last three months of the year, which may lend credence to Federal Reserve Chairman Alan Greenspan’s worry that the U.S. economy could be slowing. | | | Congress could help prevent a severe slowdown by rejecting calls to erect trade barriers that the trade deficit news is likely to generate. |
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http://www.detnews.com/EDITPAGE/0102/22/1edit/1edit.htm
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| | Grandfather Foreign Trade & Debt Report - summary page - by MWHodges |
| | America's deficit with China surged 95% in the next 3 years, reaching $162 billion and 26% of total US trade deficits in 2004. | | | This 25+ year period of rapid debt growth (and rapid growth of trade deficits) was also a period of relatively stagnant inflation-adjusted median family income growth according to the Family Income Report chapter. | | | To say soaring trade deficits were greatly influenced by soaring internal debt generation, which drove consumption beyond incomes and personal savings, would be an under-statement, for sure. |
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http://mwhodges.home.att.net/reserves.htm
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| | John Tamny on the Dollar, Trade Deficit, Stephen Roach, and USA Today on NRO Financial |
| | Neither argues that the U.S. trade deficit is not a function of massive capital inflows from around the world, yet both opine that the trade deficits caused by the inflows are somehow a signal of economic weakness in the U.S. Their basic assumptions contradict each other, while others they make are simply wrong. | | | Unsurprisingly, the trade deficit has skyrocketed over the last 20 years; a period in which the dollar’s value was rising much of the time. | | | To the extent that investment flows follow currency stability or strength, the more realistic assumption would be that the trade gap would widen as the dollar strengthened, or as its value became more certain. |
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http://www.nationalreview.com/nrof_comment/tamny200412080848.asp
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| | USATODAY.com - Trade deficit widens in August to $59B |
| | WASHINGTON (Reuters) — The trade deficit widened 1.8% in August to its third-highest level on record as oil import prices hit a new high and imports of textiles and other goods from China set a record, the government said Thursday. | | | The August trade gap totaled $59 billion, slightly below a median $59.5 billion estimated by economists before the report. | | | August's trade report showed that imports increased 1.8%, as U.S. economic growth continued to outpace that of other major developed countries. |
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http://www.usatoday.com/money/economy/trade/2005-10-13-trade_x.htm
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| | The New York Times > Business > U.S. Trade Deficit Hits $58.3 Billion as Chinese Imports Surge |
| | The Bush administration said these trade figures should be seen as testimony to the strength of the American economy and its role as an engine of global growth. | | | Those issues are rising in the political agenda as the trade deficit grows. | | | Yet while most other industrialized countries enjoy a trade surplus with China, the United States has a trade deficit of $15.3 billion with the Asian giant, the largest deficit with a single country on record. |
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http://www.nytimes.com/2005/03/11/business/11cnd-trad.html?ex=1268283600&en=f5b15f291e300976&ei=5090&partner=rssuserland
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| | Losing patience with US trade deficit csmonitor.com |
| | That deficit measures the trade in goods, such as stereos and cars, as well as services, such as tourism and insurance - indeed most everything except the flow of capital, such as investments and foreign loans. | | | This year's current account deficit is running in excess of 5 percent of the nation's gross domestic product, its total output of goods and services. | | | To finance the deficits, the US must borrow an equivalent amount, one way or another. |
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http://www.csmonitor.com/2004/0729/p17s01-stgn.html
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| | CBS News Fed Chair Sees Trade Deficit Risk November 19, 2004 10:01:59 |
| | The broadest measure of trade, called the current account deficit, swelled to an all-time high of $166.2 billion in the second quarter of this year, the most recent period for which this information is available. | | | President Bush says the best ways to handle the yawning trade deficits is to get other countries to remove trading barriers and open their markets to U.S. companies. | | | Reducing the U.S. federal budget deficit, Greenspan said, would be an important action to boost U.S. savings. |
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http://www.cbsnews.com/stories/2004/10/14/national/main649296.shtml
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| | BBC NEWS Business US trade deficit swells in June |
| | Economists said the growing deficit was likely to force the government to revise downwards its forecast of 3% economic growth in the second quarter. | | | The US trade deficit has unexpectedly swollen by 19% to a record $55.8bn (£30.4bn) in June. | | | The US dollar fell on the news, while the value of US bonds rose as traders said the data suggested that interest rate rises would be less aggressive than previously thoughts. |
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http://news.bbc.co.uk/2/hi/business/3562552.stm
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| | Booming China trade rankles US csmonitor.com |
| | Consider that the US trade deficit with China is now running at an annual rate of $120 billion - a record single-country amount that is larger than America's entire trade deficit only six years ago. | | | Trade deficit with China, now running at $120 billion a year, surpasses the total US trade gap of six years ago. | | | "It could be as much as 40 percent undervalued, and that is a major reason for the trade deficit." The argument has been picked up quickly by members of Congress. |
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http://www.csmonitor.com/2003/0805/p01s02-usec.html
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| | Cafe Hayek: On the Trade Deficit |
| | My own trade deficit may reflect a rate of saving that is inadequate for me to consume as much in the future as I plan to consume. | | | But the concept of a trade account for a nation is more misleading than revealing. | | | For example, if I run up credit-card debt to finance my current consumption of pricey French wines, my ability to consume in the future will be lessened. |
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http://cafehayek.typepad.com/hayek/2004/06/on_the_trade_de.html
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| | Economic Policy Institute |
| | Mounting trade deficits have caused the United States to incur rapidly growing obligations to foreign investors according to the new report by the Bureau of Economic Analysis. | | | The Bureau of Economic Analysis announced on September 16 that the current account deficit declined in the second quarter of 2005. | | | Data on wages, employment, and the current 3.2 million job deficit portray a labor market that still has a long way to go before it is performing at potential. |
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http://www.epinet.org
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| | Cato Institute Center for Trade Policy Studies Home |
| | This study recommends establishing an oversight board comprising representatives from various agencies with jurisdiction over trade policy to review the IA's antidumping determinations before they are published. | | | Are Trade Deficits Good for the U.S. Economy? | | | Appearing before Congress' Joint Economic Committee in June, 2005, the Fed Chairman had this to say: "A very substantial amount of America's prosperity is a consequence of an opening up of the world trading system over the last 50 years. |
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http://www.freetrade.org
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| | Institute for International Economics |
| | Currency overvaluation and the external deficits they spawn are by far the most reliable predictors of trade protectionism in the United States (and Europe). | | | The payoff from globalization translates to $10,000 a year per US household, and future trade and investment liberalization could add another $5,000 annually, reckon Gary C. Hufbauer and Paul L. Grieco. | | | Dollar depreciation is not enough to fix the global imbalance, but there are formidable obstacles to the inevitable inevitable global adjustment. |
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http://www.iie.com
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| | How Americans Can Buy American |
| | America's trade deficit continues to escalate to historic levels. | | | The savings rate has turned negative, as the average consumer spends $1.10 for every dollar they earn. | | | New records have been set for both personal and corporate bankruptcies. |
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http://www.howtobuyamerican.com
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