FOREX TradingCharts.com

Financial News: Jump In Exports Leads To Narrower U.S. Trade

Jump In Exports Leads To Narrower U.S. Trade Deficit In December

02/05/2021 - 09:31:00 (RTTNews)

(RTTNews) - A report released by the Commerce Department on Friday showed the U.S. trade deficit narrowed in the month of December, as the value of exports jumped by more than the value of imports.

The Commerce Department said the trade deficit narrowed to $66.6 billion in December from a revised $69.0 billion in November.

Economists had expected the trade deficit to shrink to $65.7 billion from the $68.1 billion originally reported for the previous month.

The narrower deficit came as the value of exports surged up by 3.4 percent to $190.0 billion, while the value of imports increased by 1.5 percent to $256.6 billion.

The spike in the value of exports reflected significant increases in exports of crude oil, soybeans, capital goods and automotive vehicles and parts.

Meanwhile, notable increases in imports of industrial supplies and materials and passenger cars were partly offset by a slump in imports of consumer goods.

"Exports were boosted by a further surge in soybean shipments, presumably to China, with the value of industrial supplies trade in both directions boosted by the rebound in energy prices," said Andrew Hunter, Senior US Economist at Capital Economics.

The report also said the goods deficit narrowed to $84.2 billion in December from $87.0 billion in November, while services surplus fell to $17.5 billion from $18.0 billion.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Private Capex Climbs 3.0% In Q4 (04 hr(s), 09 min(s), 27 sec(s) ago)
(RTTNews) - Private capital expenditure was up 3.0 percent on quarter in the fourth quarter of 202 ...Full Story»

South Korea Interest Rate Decision On Tap For Thursday (06 hr(s), 24 min(s), 27 sec(s) ago)
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announ ...Full Story»

U.S. New Home Sales Spike Much More Than Expected In January (13 hr(s), 34 min(s), 27 sec(s) ago)
(RTTNews) - Data released by the Commerce Department on Wednesday showed a much bigger than expect ...Full Story»

Latvia Jobless Rate Falls In Q4 (17 hr(s), 15 min(s), 27 sec(s) ago)
(RTTNews) - Latvia's unemployment rate decline in the fourth quarter, figures from the Central ...Full Story»

Croatia Consumer Prices Continue To Decline (17 hr(s), 34 min(s), 27 sec(s) ago)
(RTTNews) - Croatia's consumer prices continued to fall in January, figures from the Croatian ...Full Story»

Austria Manufacturing Sector Growth Fastest In 3 Years (17 hr(s), 40 min(s), 27 sec(s) ago)
(RTTNews) - Austria's manufacturing sector grew at the fastest pace in three years in February ...Full Story»

Slovenia Output Prices Rise In January (17 hr(s), 46 min(s), 27 sec(s) ago)
(RTTNews) - Slovenia's output prices rose in January, figures from the Statistical Office of t ...Full Story»

German GDP Growth Exceeds Estimate On Investment, Exports (19 hr(s), 05 min(s), 27 sec(s) ago)
(RTTNews) - The German economy grew more than initially estimated in the fourth quarter driven by ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Private Capex Climbs 3.0% In Q4

02/24/2021 - 19:45 PM (RTTNews)
(RTTNews) - Private capital expenditure was up 3.0 percent on quarter in the fourth quarter of 202 ...Full Story>>

South Korea Interest Rate Decision On Tap For Thursday

02/24/2021 - 17:30 PM (RTTNews)
(RTTNews) - The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announ ...Full Story>>

U.S. New Home Sales Spike Much More Than Expected In January

02/24/2021 - 10:20 AM (RTTNews)
(RTTNews) - Data released by the Commerce Department on Wednesday showed a much bigger than expect ...Full Story>>

Latvia Jobless Rate Falls In Q4

02/24/2021 - 06:39 AM (RTTNews)
(RTTNews) - Latvia's unemployment rate decline in the fourth quarter, figures from the Central ...Full Story>>

Croatia Consumer Prices Continue To Decline

02/24/2021 - 06:20 AM (RTTNews)
(RTTNews) - Croatia's consumer prices continued to fall in January, figures from the Croatian ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.