It will help put things in perspective. Note all figures are not seasonally adjusted. No one can dispute the raw, unbiased, nonpolitical spun FACTS of our problem.
2000 Exports: $781,918.0 Million – 2000 Imports: $1,218,022.6 Million = 2000 Trade Balance: $ -436,104.6 Million
2001 Exports: $729,100.6 Million – 2001 Imports: $1,140,998.1 Million = 2001 Trade Balance: $-411,897.5 Million
2002 Exports: $693,101.4 Million – 2002 Imports: $1,161,366.4 Million = 2002 Trade Balance: $-468,265.0 Million
2003 Exports: $724,771.0 Million – 2003 Imports: $1,257,121.3 Million = 2003 Trade Balance: $-532,350.3 Million
2004 Exports: $814,874.7 Million – 2004 Imports: $1,469,705.0 Million = 2004 Trade Balance: $-654,830.3 Million
2005 Exports: $901,081.8 Million – 2005 Imports: $1,673,454.0 Million = 2005 Trade Balance: $-772,372.2 Million
2006 Exports: $1,025,967.5 Million – 2006 Imports: $1,853,938.0 Million = 2006 Trade Balance: $-827,970.5 Million
2007 Exports: $1,148,198.7 Million – 2007 Imports: $1,956,961.0 Million = 2007 Trade Balance: $-808,762.3 Million
2008 Exports: $1,287,442.0 Million – 2008 Imports: $2,103,640.7 Million = 2008 Trade Balance: $-816,198.7 Million
2009 Exports: $1,056,043.0 Million – 2009 Imports: $1,559,624.8 Million = 2009 Trade Balance: $-503,581.9 Million
2010 Exports (January – June): $ 613,171.0 Million – 2010 Imports: $918,509.3 Million = 2010 Trade Balance (January – June): $-305,338.2 Million. June 2010 the trade deficit grew to $61.9 billion up from $50.3 billion in May. But go check it out for yourself. We are a nation of consumers, not a nation of producers. It is perfectly fine to grow the trade gap if, and only if, you are using raw goods to produce tangible goods and then export back out on the global market. We obviously don’t understand that concept yet.
Info found here: http://www.census.gov/foreign-trade/balance/c0015.html#2010
- DoomerNation
Did you mean billions instead of millions?
PS. Quit buying Chinese crap.