Deficits We Can’t Afford To Run

folder_openEconomy

I pulled this data from the US Census site.  I cannot figure out why foreign trade data is found there.  But, it's there.  http://www.census.gov/foreign-trade/balance/.  It seems that December of 2009 data isn't available yet.  Thus these are only 11 month numbers.

As you can see, we have a number of trading partners where trade is very out of balance. With Australia, Brazil and Switzerland, we export more than we import.

With the rest on this list, we have a large deficit.  Some of these are just too large.  Our trade with China, Mexico and Japan need addressing.  No doubt that at times we can see surpluses and deficits.  But, with these countries we always see them importing less of our goods than we import of theirs.  Something to think about given the US's current financial situation.

Country Exports from US
First 11 Months of 2009
(US Dollars in Millions)
Imports to US
First 11 Months of 2009
(US Dollars in Millions)
US Trade Deficit
(US Dollars in Millions)
Australia $17,690.2 $7,233.1 $10,457.1
Brazil $23,670.8 $18,228.9 $5,441.9
Canada $186,481.1 $203,589.7 $-17,108.5
China $61,213.1 $269,901.1 $-208,688.0
France $24,270.1 $31,097.8 $-6,827.7
Germany $39,278.1 $64,313.9 $-25,035.8
India $15,043.8 $19,390.4 $-4,346.6
Italy $11,174.9 $24,072.8 $-12,897.9
Japan $46,249.3 $86,409.8 $-40,160.5
South Korea $25,826.1 $35,844.5 $-10,018.5
Mexico $117,200.7 $159,510.9 $-42,310.2
Russia $4,945.3 $16,797.0 $-11,851.7
Switzerland $15,925.9 $14,389.8 $1,536.2
Thailand $6,230.2 $17,187.4 $-10,957.2
United Kingdom $41,990.1 $43,524.2 $-1,534.0

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