Global| Mar 06 2020NEW TT >>>>U.S. Trade Deficit Widens with Surge in Petroleum Imports
by:Sandy Batten
|in:Economy in Brief
Summary
The U.S. trade deficit in goods and services increased to $48.88 billion in December ....... The international trade data, including relevant data on oil prices, can be found in Haver's USECON database. Detailed figures on [...]
The U.S. trade deficit in goods and services increased to $48.88 billion in December .......
The international trade data, including relevant data on oil prices, can be found in Haver's USECON database. Detailed figures on international trade are available in the USINT database. The expectations figures are from the Action Economics Forecast Survey, which is carried in AS1REPNA.
| Foreign Trade in Goods & Services (Current $) | Jan | Dec | Nov | Jan Y/Y | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| U.S. Trade Deficit ($ bil.) | 48.88 | 43.69 | 47.37 | 60.81 (12/18) |
616.76 | 627.68 | 550.12 |
| Exports of Goods & Services (% Chg) | 0.8 | 0.6 | -0.1 | 1.9 | -0.1 | 6.3 | 6.2 |
| Imports of Goods & Services (% Chg) | 2.7 | -0.9 | -1.7 | -3.0 | -0.4 | 7.8 | 6.8 |
| Petroleum (% Chg) | 18.3 | -3.2 | 0.0 | 6.5 | -13.9 | 20.8 | 27.2 |
| Nonpetroleum Goods (% Chg) | 1.9 | -1.2 | -2.4 | -5.5 | -0.5 | 7.5 | 5.5 |
Sandy Batten
AuthorMore in Author Profile »Sandy Batten has more than 30 years of experience analyzing industrial economies and financial markets and a wide range of experience across the financial services sector, government, and academia. Before joining Haver Analytics, Sandy was a Vice President and Senior Economist at Citibank; Senior Credit Market Analyst at CDC Investment Management, Managing Director at Bear Stearns, and Executive Director at JPMorgan. In 2008, Sandy was named the most accurate US forecaster by the National Association for Business Economics. He is a member of the New York Forecasters Club, NABE, and the American Economic Association. Prior to his time in the financial services sector, Sandy was a Research Officer at the Federal Reserve Bank of St. Louis, Senior Staff Economist on the President’s Council of Economic Advisors, Deputy Assistant Secretary for Economic Policy at the US Treasury, and Economist at the International Monetary Fund. Sandy has taught economics at St. Louis University, Denison University, and Muskingun College. He has published numerous peer-reviewed articles in a wide range of academic publications. He has a B.A. in economics from the University of Richmond and a M.A. and Ph.D. in economics from The Ohio State University.
