Our Trade Deficit For June, 2008
Posted on August 12th, 2008 by MoverMike
The latest trade deficit numbers have been released from the U.S. Department of Commerce. The trade deficit fell 3.98% from June, 2007. While it is down in the first six months versus 2006, by 7.75%, it only fell by 1.94% from the first six months in 2007.
It would seem the 12.3% drop in the USD has been offset by the rise in the price of oil. Did the drop in the USD cause the rise in oil? Will a rise in the USD, which we’ve seen lately hurt exports, but be offset by the fall of oil? Good Questions!
| 2006 |
| Jan.- Dec. -753,283 |
| Jan.- June -380,929 |
| January -65,538 |
| February -62,298 |
| March -61,251 |
| April -62,690 |
| May -65,166 |
| June -63,986 |
| July -66,965 |
| August -66,720 |
| September -63,786 |
| October -57,726 |
| November -56,850 |
| December -60,310 |
| 2007 |
| Jan.- Dec. -700,258 |
| Jan.- June -358,361 |
| January -58,411 |
| February -58,810 |
| March -62,322 |
| April -60,259 |
| May -59,435 |
| June -59,125 |
| July -57,317 |
| August -55,333 |
| September -55,464 |
| October -56,333 |
| November -59,871 |
| December -57,579 |
| 2008 |
| Jan.- June. -351,394 |
| January -57,856 |
| February -60,573 |
| March -56,491 |
| April -60,901 |
| May -59,204 |
| June -56,772 |
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