As a follow-up to China Exports, Imports Soar: Global Trade Outlook Improving? let’s investigate China’s “Import Surge” with a series of pictures.

China Imports and Exports Year-Over-Year

The above from ZeroHedge China Trade Data Beats As Crude Demand Surges (Ahead Of Maintenance)

Crude Monthly Year-Over-Year Price Rise Percent

Crude Monthly Year-Over-Year Dollar Increase

US Trade in Goods and Services

US Trade in Goods and Services Moving Average

US Trade Deficit by Country Through April

US Trade with China 2017 vs 2016

The idea that global trade is improving is largely a commodity-induced fantasy related primarily to the price of oil.

Related Articles

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  2. Trade Deficit Widens: Cascade of Bad News Accelerates, Trump Will Howl

Mike “Mish” Shedlock