U.S. Trade Deficit Improves in 2007
Monday March 17, 2008
The 2007 U.S. trade deficit was $708.5 billion, 6% better than the 2006 deficit of $758 billion. The deficit was helped by a declining dollar, which increased exports 12%, to $1.6 trillion up from from $1.4 trillion in 2006.
However, the declining dollar also caused higher oil prices. This made imports increase 5%, to $1.96 trillion, up from $1.86 trillion in 2006. Petroleum products made up 41% of the total trade deficit.
Comments
I PROJECT A GLOBAL COMMONDITIES TRADE MARKET OF ALL GOODS & SERVICES, but i ask….HOW CAN YOU BUY INTO THE FUTURE….???
Hi Gwen,
Excellent question. For an answer on how commodities futures work, see What Are Commodities Futures?
Kimberly