U.S. trade deficit shrinks sharply as imports tumble
Friday, January 6, 2023
© Reuters. FILE PHOTO: Shipping containers are unloaded from ships at a container terminal at the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholso WASHINGTON (Reuters) - The U.S. trade deficit contracted by the most in nearly 14 years in November as slowing domestic demand amid higher borrowing costs depressed imports.
The trade deficit decreased 21.0% to $61.5 billion, the lowest level since September 2020, the Commerce Department said on Thursday. The percentage decline in the trade gap was the largest since February 2009.
Imports tumbled 6.4% to $313.4 billion, with goods dropping 7.5% to $254.9 billion. Consumer goods imports were the lowest since December 2020.
The Federal Reserve last year hiked its policy rate by 425 basis points from near zero to a 4.25%-4.50% range, the highest since late 2007. Last month, it projected at least an additional 75 basis points of increases in borrowing costs by the end of 2023. The higher rates have boosted the dollar, which gained 5.4% against the currencies of the United States' main trade partners last year.
Dollar strength is making U.S. manufactured goods less competitive on global markets. Monetary policy tightening by global central banks is also eroding demand.
Exports fell 2.0% to $251.9 billion, with goods shipments dropping 3.0% to $170.8 billion. But exports of automotive vehicles, parts and engines were the highest since August 2019.
A smaller trade deficit contributed 2.86 percentage points to the economy's 3.2% annualized growth pace in the third quarter. Growth estimates for the fourth quarter are as high as a 3.9% rate.
Leave your comment
APPROVED BROKERS
02-12-2023 15:18:52 (UTC+7)
EUR/USD
1.0883
-0.0003 (-0.03%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (1)
EUR/USD
1.0883
-0.0003 (-0.03%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (1)
GBP/USD
1.2711
+0.0089 (+0.71%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (7)
Sell (1)
USD/JPY
146.80
-1.38 (-0.93%)
Summary
SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (2)
Sell (5)
AUD/USD
0.6673
+0.0068 (+1.03%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
USD/CAD
1.3497
-0.0065 (-0.48%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (5)
EUR/JPY
159.76
-1.60 (-0.99%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (4)
EUR/CHF
0.9458
-0.0071 (-0.75%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (6)
Gold Futures
2,073.20
+35.10 (+1.72%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Silver Futures
25.490
+0.197 (+0.78%)
Summary
SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (0)
Copper Futures
3.9195
+0.0690 (+1.79%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Crude Oil WTI Futures
74.38
-1.58 (-2.08%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (5)
Sell (2)
Brent Oil Futures
79.56
-1.30 (-1.61%)
Summary
NeutralMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (3)
Sell (5)
Natural Gas Futures
2.777
-0.025 (-0.89%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (1)
US Coffee C Futures
183.70
-1.00 (-0.54%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (5)
Euro Stoxx 50
4,417.25
+34.78 (+0.79%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
S&P 500
4,594.63
+26.83 (+0.59%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (10)
Sell (0)
DAX
16,397.52
+182.09 (+1.12%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
FTSE 100
7,529.35
+75.60 (+1.01%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (0)
Sell (10)
Hang Seng
16,847.00
-181.50 (-1.07%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (3)
US Small Cap 2000
1,862.64
+53.62 (+2.96%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (1)
IBEX 35
10,140.80
+82.60 (+0.82%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
BASF SE NA O.N.
43.240
+0.555 (+1.30%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (0)
Bayer AG NA
31.11
-0.25 (-0.80%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
Allianz SE VNA O.N.
235.25
+4.65 (+2.02%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (10)
Sell (0)
Adidas AG
194.24
+2.10 (+1.09%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (5)
Deutsche Lufthansa AG
8.222
+0.242 (+3.03%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (3)
Sell (5)
Siemens AG Class N
156.00
+2.00 (+1.30%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
Deutsche Bank AG
11.520
+0.094 (+0.82%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (10)
Sell (0)
| EUR/USD | 1.0883 | ↑ Buy | |||
| GBP/USD | 1.2711 | ↑ Buy | |||
| USD/JPY | 146.80 | Sell | |||
| AUD/USD | 0.6673 | ↑ Buy | |||
| USD/CAD | 1.3497 | Sell | |||
| EUR/JPY | 159.76 | ↑ Sell | |||
| EUR/CHF | 0.9458 | ↑ Sell |
| Gold | 2,073.20 | ↑ Buy | |||
| Silver | 25.490 | Sell | |||
| Copper | 3.9195 | ↑ Buy | |||
| Crude Oil WTI | 74.38 | ↑ Buy | |||
| Brent Oil | 79.56 | Neutral | |||
| Natural Gas | 2.777 | ↑ Buy | |||
| US Coffee C | 183.70 | ↑ Sell |
| Euro Stoxx 50 | 4,417.25 | ↑ Buy | |||
| S&P 500 | 4,594.63 | ↑ Buy | |||
| DAX | 16,397.52 | ↑ Buy | |||
| FTSE 100 | 7,529.35 | ↑ Sell | |||
| Hang Seng | 16,847.00 | Sell | |||
| Small Cap 2000 | 1,862.64 | ↑ Buy | |||
| IBEX 35 | 10,140.80 | ↑ Buy |
| BASF | 43.240 | ↑ Buy | |||
| Bayer | 31.11 | ↑ Buy | |||
| Allianz | 235.25 | ↑ Buy | |||
| Adidas | 194.24 | Neutral | |||
| Lufthansa | 8.222 | Sell | |||
| Siemens AG | 156.00 | ↑ Buy | |||
| Deutsche Bank AG | 11.520 | ↑ Buy |
| Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
|---|---|
| SJC Eximbank | 7,220/ 7,320 (0/ 0) # 1,302 |
| SJC HCM | 7,270 / 7,400 (40 / 50) # 1,297 |
| SJC Hanoi | 7,270/ 7,402 (40 / 50) # 1,299 |
| SJC Danang | 7,270/ 7,402 (40 / 50) # 1,299 |
| SJC Nhatrang | 7,270/ 7,402 (40 / 50) # 1,299 |
| SJC Cantho | 7,270/ 7,402 (40 / 50) # 1,299 |
| Cập nhật 02-12-2023 15:18:54 | |
| Xem lịch sử giá vàng SJC: nhấn đây! | |
| ↀ Giá vàng thế giới | ||
|---|---|---|
| $2,072.13 | +32.01 | 1.57% |
| ʘ Giá bán lẻ xăng dầu | ||
|---|---|---|
| Sản phẩm | Vùng 1 | Vùng 2 |
| RON 95-V | 23.680 | 24.150 |
| RON 95-III | 22.990 | 23.440 |
| E5 RON 92-II | 21.790 | 22.220 |
| DO 0.05S | 20.190 | 20.590 |
| DO 0,001S-V | 21.590 | 22.020 |
| Dầu hỏa 2-K | 21.110 | 21.530 |
| ↂ Giá dầu thô thế giới | |||
|---|---|---|---|
| WTI | $74.48 | -0.81 | -0.01% |
| Brent | $79.11 | -0.95 | -0.01% |
| $ Tỷ giá Vietcombank | ||
|---|---|---|
| Ngoại tệ | Mua vào | Bán ra |
| USD | 24.080,00 | 24.450,00 |
| EUR | 25.781,55 | 27.197,16 |
| GBP | 29.888,43 | 31.161,13 |
| JPY | 159,30 | 168,63 |
| KRW | 16,07 | 19,48 |
| Cập nhật lúc 15:12:03 02/12/2023 Xem bảng tỷ giá hối đoái | ||
