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Trade Deficit in Goods Jumps 17 Percent as Imports Surge and Exports Plunge

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3 comments on Trade Deficit in Goods Jumps 17 Percent as Imports Surge and Exports Plunge

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Trade data from the commerce department, the current month is advance data, chart by Mish.

Advance International Trade in Goods

  • The international trade deficit was $96.8 billion in April, up $14.1 billion from $82.7 billion in March, up 17 percent
  • Exports of goods for April were $163.3 billion, $9.5 billion less than March exports, down 5.5 percent for the month.
  • Imports of goods for April were $260.0 billion, $4.5 billion more than March imports, up 1.8 percent for the month.

The Bloomberg Econoday consensus was for a small increase in the deficit to $-85.6 billion.

In isolation, this is bad for GDP, but there are other reports out today with stronger data. I will comment shortly.

This post originated on MishTalk.Com.

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Mike Shedlock

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3 Comments
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Jack
Jack
3 years ago
The chart indicates there was a 2022 recession – and it is now over.
Trade deficits get worse in times of boom and reverses (decreases) during recessions.
In 2021 things were booming due to easy money, but 2022 trade deficit reversed sharply.
For last 6 months or so, trade deficit has been in an up and down holding pattern (within a range), but if starts to increase means booms times are back.
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Zardoz
Zardoz
3 years ago
Do all those weapons we sent to Ukraine count in that number?
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8dots
8dots
3 years ago
The globalists and the AI kings can’t stop winning. // MSFT BB #4 : Oct 29/Nov 1 2021, 332.0/326.27. MSFT breached BB #4, using it’s top
as support. MSFT weekly : big bar, twice as big as the previous week, on slightly higher vol. Something is wrong. June 1st is next week : UT ?
Nancy the Ripper lost $500M on NVDA. She is as pretty as a Chinese pug. ES monthly lost it’s grip < Jan 2022 low.
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