The Census Department Advance Report on International Trade for December was released today after a government shutdown delay.

Advance International Trade in Goods

  • The international trade deficit was $79.5 billion in December, up $9.0 billion from $70.5 billion in November.
  • Exports of goods for December were $135.7 billion, $4.0 billion less than November exports.
  • Imports of goods for December were $215.2 billion, $5.0 billion more than November imports.
  • Agricultural exports fell 1.8%.
  • Year-over-year exports are down 0.3%.
  • Year-over-year imports are up 3.2%.

Trump Desperate for a Deal


As a tribute to Trump's tariff policies and China's retaliations, year-over-year agricultural exports are down a whopping 5.5%.

Note that US Farm Belt Bankruptcies Climb, Canada the Beneficiary of Trump's Trade Policy.

Trump is desperate for a deal with China. So expect one: Hooray! "Substantial" Progress With China (Just Don't Ask Where).

And don't expect a huge victory no matter what Trump proclaims.

Mike "Mish" Shedlock

Trade Deficit Widens, Exports Flat, Imports Rise: Trump Will Howl

For October, exports were down less than $0.1 billion while imports rose $3.8 billion.

Goods and Services Trade Deficit Declines in Jan as Agricultural Exports Rise

China is again buying soybeans. US imports declined on falling demand. The trade deficit shrunk as a result.

Agricultural Export Prices Down 2.5% in Two Months, Down 5.3% Year-Over-Year

Import and export prices continue to decline. Agriculture leads the way on export prices, energy on import prices.

Trade Deficit Widens by 1.7% With China Leading the Way

Exports fell 0.1% and imports rose 0.2%. The result was a widening of the trade deficit to $55.5 billion.

Export Prices Down 4th Time in 5 Months

Export prices fell for the fourth time in five months while import prices rose slightly.

Export Prices +0.6%, Import Prices +0.3%

Export prices advancing faster than import prices. YoY import prices are up 3.3% but China, Japan, Mexico barely moved.

Import Prices Decline Year-Over-Year, Export Prices Slightly Positive

In the wake of the declining price of oil, import and export prices are on a downward slope.

Trade Deficit Narrows as Exports Rise and Imports Drop: 2nd Quarter Trade Impact Still Negative

The trade deficit narrowed from -$67.138 billion to -$65.879 billion in May as exports rose 0.4% and imports fell 0.4%.

Trade Deficit Widens, Exports Weak: Economists Miss the Mark

The Census Bureau reports the International Trade Deficit in Goods widened by $2.5 billion (3.8 percent), with exports down and imports up.