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NOW I Know Why They Can't Get A Job
(CNSNews.com) - The United States ran a merchandise trade deficit of $734,316,300,000 in 2016, according to data released today by the Census Bureau.
During 2016, the U.S. imported $2,188,940,500,000 in goods but exported only $1,454,624,200,000.
The People’s Republic of China was the greatest contributor to the U.S. merchandise trade deficit for the year. The U.S bilateral merchandise trade deficit with China was $347,037,900,000. This deficit resulted from the U.S. importing $462,813,000,000 in goods from China while exporting only $115,775,100,00 in goods to China.
Japan was the second largest contributor to the U.S. merchandise trade deficit in 2016. The U.S. imported $132,201,800,000 in goods from Japan while exporting only $63,264,300,000—resulting in a deficit of $68,937,600,000.
German was the third largest contributor to the U.S. merchandise trade deficit. The U.S. imported $114,227,400,000 from Germany while exporting $49,362,000,000—resulting in a deficit of $64,865,400,000.
Mexico was the fourth largest contributor to the U.S. merchandise trade deficit. The U.S. imported $294,151,000,000 from Mexico while exporting $230,959,100,000—resulting in a deficit of $63,191,900,000.
Ireland was the fifth largest contributor to the U.S. merchandise trade deficit. The U.S. imported $45,503,900,000 from Ireland while exporting $9,555,700,000 to Ireland—resulting in a deficit of $35,948,200,000.
2016 U.S. Merchandise Trade Deficit: $734,316,300,000
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(CNSNews.com) With the United States running trade deficits in both goods and services combined and goods alone in 2016, the nation has not seen a trade surplus in any of the last 41 years, according to data published by the Census Bureau.
The last time the United States ran a trade surplus was 1975--when Gerald Ford was president.
The Census Bureau has published historical data on annual U.S. trade balances going back to 1960. In 13 of the 16 years from 1960 through 1975, the U.S. ran goods-and-services trade surpluses and surpluses in the trade of goods (merchandise) alone.
But in each of the 41 years after 1975, according to data released by the Census Bureau and the Bureau of Economic Analysis, the U.S. has run both a merchandise trade deficit and a goods and services deficit.
USA Has Run Annual Trade Deficits for 41 Straight Years
(CNSNews.com) - The United States ran a merchandise trade deficit of $734,316,300,000 in 2016, according to data released today by the Census Bureau.
During 2016, the U.S. imported $2,188,940,500,000 in goods but exported only $1,454,624,200,000.
The People’s Republic of China was the greatest contributor to the U.S. merchandise trade deficit for the year. The U.S bilateral merchandise trade deficit with China was $347,037,900,000. This deficit resulted from the U.S. importing $462,813,000,000 in goods from China while exporting only $115,775,100,00 in goods to China.
Japan was the second largest contributor to the U.S. merchandise trade deficit in 2016. The U.S. imported $132,201,800,000 in goods from Japan while exporting only $63,264,300,000—resulting in a deficit of $68,937,600,000.
German was the third largest contributor to the U.S. merchandise trade deficit. The U.S. imported $114,227,400,000 from Germany while exporting $49,362,000,000—resulting in a deficit of $64,865,400,000.
Mexico was the fourth largest contributor to the U.S. merchandise trade deficit. The U.S. imported $294,151,000,000 from Mexico while exporting $230,959,100,000—resulting in a deficit of $63,191,900,000.
Ireland was the fifth largest contributor to the U.S. merchandise trade deficit. The U.S. imported $45,503,900,000 from Ireland while exporting $9,555,700,000 to Ireland—resulting in a deficit of $35,948,200,000.
2016 U.S. Merchandise Trade Deficit: $734,316,300,000
------------------------------------------------------
(CNSNews.com) With the United States running trade deficits in both goods and services combined and goods alone in 2016, the nation has not seen a trade surplus in any of the last 41 years, according to data published by the Census Bureau.
The last time the United States ran a trade surplus was 1975--when Gerald Ford was president.
The Census Bureau has published historical data on annual U.S. trade balances going back to 1960. In 13 of the 16 years from 1960 through 1975, the U.S. ran goods-and-services trade surpluses and surpluses in the trade of goods (merchandise) alone.
But in each of the 41 years after 1975, according to data released by the Census Bureau and the Bureau of Economic Analysis, the U.S. has run both a merchandise trade deficit and a goods and services deficit.
USA Has Run Annual Trade Deficits for 41 Straight Years
