Wednesday, April 13, 2022

US Trade Deficit


The US trade deficit is out of control. We need to produce everything we consume. 

Year   $ Billions

2021 -1078.5657

2020   -977.0561

2019   -850.9174

2018   -870.3584

2017   -792.3960

2016   -735.3260

https://www.census.gov/foreign-trade/balance/c0004.html

Billions   2021        2020           2019         2018

Jan    -85.5521    -67.1332   -71.5340    -73.0942

Feb   -88.2109     -62.5487   -71.0050    -74.5413

Mar   -91.9169    -67.8227    -72.5983    -69.5375

Apr    -85.9123    -73.6258    -72.8608    -69.1851

May   -88.1075    -75.9497    -75.3981    -65.7996

Jun    -92.0065    -71.1704    -73.4633    -68.6050

Jul     -86.9203    -79.9703    -72.2877    -73.4868

Aug   -87.9902    -82.1885    -72.6734    -73.9468

Sep   -97.0092    -80.2428    -70.5184    -75.5774

Oct    -83.1964    -81.1448    -66.0799    -75.2268

Nov   -98.0404    -85.4020    -64.1391    -72.9715

Dec -100.6717    -83.8572    -68.3594    -78.3863

Tot  -1754.5044 -911.0561  -850.9174  -870.3584

https://www.census.gov/foreign-trade/balance/c0004.html

US Trade Deficit 2021

Dec         -100.6717B

Nov          -97.3226B

Oct           -82.4896B

Sep          -96.3932B  

August     -87.3741B

July          -86.3043B

June        -91.3905B

May         -87.4915B

April         -85.2963B

March      -91.3009B

February  -87.5949B

January   -84.9361B

2021total -1078.5657

https://www.census.gov/foreign-trade/balance/c0004.html

Comments

The US needs to climb out of a deep economic hole.  The US National Debt is $30 trillion.  In 2021 the US exported $1754.5044B, imported $2833.0701B and lost $1078.5657B.

We need to increase our annual exports by $1.1 trillion by increasing our oil and natural gas production and return mining and manufacturing in the US. This will lower inflation.

Norb Leahy, Dunwoody GA Tea Party Leader

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