S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

2011 Trade Deficit Hits 3-Year High, Over $550 Billion

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The Commerce Department has released its international trade data for the month of December.  Why on earth this is not just called the Trade Deficit is a mystery.  We have not had a single surplus month in trade in longer than any of us care to remember.  The December Deficit widened out again to $48.8 billion, and that is slightly ahead of the Dow Jones consensus economist target of $48.5 billion.  Exports were listed as $178.76 billion, but imports were listed as $227.56 billion.

The November trade gap from the prior month was originally reported as $47.75 billion., but that was revised lower to $47.06 billion. 

The full preliminary figure for the trade deficit in 2011 is up 11.6% from 2010 at a level of $558.02 billion.  That is the highest level since 2008.  The deficit with China also hit a new record with an 8% gain to $295.46 billion.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

Continue Reading

Despite Strong Dollar, Trade Deficits Not Changing Wildly From Year to Year
Jon C. Ogg |

Despite Strong Dollar, Trade Deficits Not Changing Wildly From Year to Year

Friday's report showed that the trade deficit expanded in December as that strong U.S. dollar is hurting exports and allowing…
October Sees Wider Trade Deficit
Jon C. Ogg |

October Sees Wider Trade Deficit

The U.S. Department of Commerce has released its October monthly reading for international trade.
Douglas A. McIntyre |

The Macro Lunch: Lower Oil Prices Shrinks Trade Deficit

The US trade deficit stood at $40.6 billion in December, up about 6% from $38.3 billion. Comparing the trade deficit…
US Trade Deficit in 2016 Was the Biggest in 4 Years
Douglas A. McIntyre |

US Trade Deficit in 2016 Was the Biggest in 4 Years

Special from ZeroHedge In a report that will be closely watched by Donald Trump, the U.S. Bureau of Economic Analysis…
Trade Deficit in Goods Contracts in September, With Rising Exports and Lower Imports
Jon C. Ogg |

Trade Deficit in Goods Contracts in September, With Rising Exports and Lower Imports

Now we have a report from the Census Bureau showing the advance report for international trade, wholesale inventories and retail…
Paul Ausick |

December U.S. Trade Deficit Rises Sharply

Courtesy Maersk LineThe U.S. Census Bureau and the Bureau of Economic Analysis reported Thursday morning that the U.S. trade deficit…
Jon C. Ogg |

Trade Deficit Shrinks Handily in February

Courtesy Maersk LineThe U.S. trade balance, better known as the trade deficit, was reported as -$43.0 billion for the month…
Narrower Trade Deficit Seen in April 2016
Jon C. Ogg |

Narrower Trade Deficit Seen in April 2016

The U.S. Department of Commerce showed that imports and exports of goods were up in April, compared to March.
Douglas A. McIntyre |

Trade Deficit Shows Energy Still Top Problem

The Trade Balance, a.k.a. the trade deficit, for June has just come out at $27.01 billion, from a revised $25.97…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618