US Oct trade balance report now out 5 Dec
- USD -44.9bln prev down from -43.5bln
- exports unch +1.1% vs Sept
- exports of foods, feeds, and beverages decreased $1.3 billion. Soybeans decreased $1.4 billion.Capital goods decreased $1.2 billion. o Civilian aircraft decreased $1.1 billion
- imports +1.6% vs -1.2% prev
- imports of industrial supplies and materials increased $1.8 billion. Crude oil increased $1.5 billion. Other goods increased $1.1 billion. Consumer goods increased $0.8 billion. Cell phones and other household goods increased $0.3 billion.
Trade data has had minimal impact in recent times but since Trump's time has taken on a greater significance again.
USD little changed overall though on this report.
Says the US BEA:
- The balance with members of OPEC shifted from a surplus of $0.6 billion to a deficit of $1.6 billion in October. Exports decreased $0.9 billion to $4.3 billion and imports increased $1.3 billion to $5.9 billion.
- The deficit with China increased $2.1 billion to $31.9 billion in October. Exports decreased $0.8 billion to $10.6 billion and imports increased $1.2 billion to $42.5 billion.
- The deficit with the European Union decreased $2.5 billion to $12.0 billion in October. Exports increased $1.4 billion to $25.0 billion and imports decreased $1.1 billion to $37.0 billion
- The balance with Canada shifted from a deficit of $0.7 billion to a surplus of $4.3 billion in the third quarter. Exports increased $1.0 billion to $85.5 billion and imports decreased $4.0 billion to $81.2 billion.
- The deficit with Mexico decreased $2.6 billion to $15.9 billion in the third quarter. Exports increased $1.3 billion to $69.2 billion and imports decreased $1.3 billion to $85.2 billion.
- The deficit with South Korea increased $2.2 billion to $3.5 billion in the third quarter. Exports decreased $1.5 billion to $17.3 billion and imports increased $0.7 billion to $20.8 billion.
Full report here