U.S. Trade Deficit Rises Again With China As Exports Worst Since Jan 2016

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  • #20876
    TradersCom
    Keymaster

    The US trade deficit in April was $50.8…

    [article]1547[/article]

    #20884
    TradersCom
    Keymaster

    Canada April international merchandise trade -$0.97B vs -$2.80B expected

    Exports +1.3%
    Imports -1.4%
    Export volumes +2.0% (Gain in export volumes over past two months best since 2016.)
    Import volumes -1.9%

    Note Canadian canola exports fell 14.7% after China halted shipments.

    Expect revisions higher in Q2 GDP estimates.

    #20917
    ThePitBoss
    Participant

    China May Trade Surplus Larger Than Expected

    Exports higher y/y

    USD terms
    China trade balance 41.65bn USD expected $23.2bn, prior $13.84bn
    Exports +1.1% y/y, v. expected -3.8%, prior -2.7%
    Imports -8.5% y/y, v. expected -3.3%, prior -4.0%

    Yuan terms
    China trade balance CNY 279.12bn expected CNY 136bn, prior CNY 93.57bn
    Exports +7.7%y/y v. expected 4.7%, prior 3.1%
    Imports -2.5 % y/y v. expected 5.8%, prior 10.3%

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