empty
08.03.2023 11:44 PM
Imports of goods to the U.S. are steadily increasing

The U.S. trade deficit grew to the widest in three months at the start of the year, thanks to a strong pickup in imports of merchandise.

U.S. merchandise imports are rising moderately

The opening of China and the abandonment of quarantine measures around the world have led to a recovery in supply chains. This has not slowed the volume of shipments to developed countries. The U.S., like European countries, has significantly increased shipments of finished and semi-finished goods to the country.

The median estimate in a Bloomberg survey of economists called for a $68.7 billion gap, up 1.6% from a month earlier in January.

Probably, the reason for that is buoyant exports, including energy exports to European countries, as many months of the dollar's decline also helped stimulate purchases of goods by U.S. manufacturers. Inflation-adjusted exports of consumer goods, automobiles and parts reached record levels, and the real value of shipments of capital goods overseas was the highest since March 2019. Overall, the U.S. shipped more goods in January compared to December 2022.

The increase in exports is noted for the first time since August 2022. At the same time, it took place in almost all industries. Pharmaceutical and other consumer segments, capital equipment, and automobiles were notable.

At the same time, so-called "travel exports," that is, the amount travelers spend in the U.S., fell to $12.1 billion, while travel imports, a measure of the number of trips Americans make abroad, rose to $11.9 billion, a record gap. Apparently, the weak dollar has so far provided little incentive for foreigners to visit America.

As a result, the value of imports rose 3%, to $325.8 billion, while exports rose to $257.5 billion. Net exports are expected to add about 0.6 percentage point to growth in the first quarter. This exceeds fourth-quarter trade growth, but not as much as the import component.

The stable domestic economy and the "commodity hunger" of earlier periods helped support import demand. In addition, reduced shipping congestion and the normalization of global supply chains have generally helped trade between the U.S. and other countries. For example, the U.S. merchandise trade deficit with China, unadjusted, widened to $25.2 billion from $23.5 billion.

Despite the growth of commodity transactions, economists give restrained forecasts, expecting the "commodity hunger" to soon be saturated and demand to fall due to rising prices.

This is indirectly evidenced by an adjustment for inflation. While the nominal merchandise trade deficit narrowed slightly, January's adjusted merchandise deficit widened to $101.8 billion, also the largest in three months. There are nuances here, however.

Indeed, the drop in demand now looming this summer may reduce inflationary pressures. However, rising wages have the potential to stimulate demand for both goods and services. Given the "cheap wages" effect, where inflation quickly eats away at savings, the public tends to invest in real estate and, with little savings, in durable goods. Demand for goods is likely to remain at a fairly high level, preventing the import component in the U.S. balance of trade from declining. Buoyant demand, in turn, will keep the dollar from falling too much. But it will be a negative factor for the economies of developing countries.

Egor Danilov,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Resumo de notícias do mercado dos EUA para 6 de maio de 2025

O mercado dos EUA começou a semana apreensivo, já que as ações da Berkshire Hathaway ficaram sob pressão após a notícia de que Warren Buffett deixaria o cargo

Ekaterina Kiseleva 18:25 2025-05-06 UTC+2

US$ 9 bilhões para a Skechers, queda dos índices e aumento das ações asiáticas

Berkshire Hathaway cai após Warren Buffett deixar o cargo de CEO. O setor de serviços dos EUA mostra crescimento em abril. Skechers sobe após um acordo de privatização de US$

18:11 2025-05-06 UTC+2

US$ 9 bilhões da Skechers, índices despencam, Ásia sobe: Um dia de mudanças

Berkshire Hathaway cai após Buffett deixar o cargo de CEO Setor de serviços dos EUA cresce em abril Skechers salta após acordo de privatização de US$ 9 bilhões Investidores aguardam

Thomas Frank 17:17 2025-05-06 UTC+2

Resumo de notícias do mercado dos EUA para 17 de março

Os principais índices acionários dos EUA, como o S&P 500 e o Nasdaq, encerraram a semana em território positivo, impulsionados por avanços encorajadores nas negociações comerciais com a China

Ekaterina Kiseleva 16:30 2025-05-05 UTC+2

Europa em pausa: O que está por trás da queda do mercado de ações e da atividade inesperada de Trump

As ações europeias caíram ligeiramente; STOXX 600 - menos 0,1%, França - menos 0,3% Os investidores aguardam dados sobre as negociações entre EUA e China, lucros e decisão

Thomas Frank 14:22 2025-05-05 UTC+2

Resumo de notícias do mercado dos EUA para 2 de maio

Os índices de ações dos EUA continuam a subir, apesar da persistente incerteza econômica. O otimismo dos investidores é impulsionado pelas expectativas de progresso nas negociações comerciais entre

Ekaterina Kiseleva 18:19 2025-05-02 UTC+2

Resumo de notícias do mercado dos EUA para 1º de maio

O mercado acionário dos EUA registrou uma volatilidade notável em abril, mas uma recuperação bem-sucedida ajudou os principais índices a recuperar as perdas. Apesar de os dados mostrarem uma contração

Ekaterina Kiseleva 15:25 2025-05-01 UTC+2

Festa durante a tempestade: S&P 500 comemora ganhos enquanto o dólar se afoga e a China enfraquece

S&P 500 registra o sexto dia consecutivo de ganhos Petróleo cai mais de 1% Atividade manufatureira da China despenca à medida que as tarifas de Trump continuam a pressionar Dólar

Thomas Frank 18:24 2025-04-30 UTC+2

Resumo de notícias do mercado dos EUA para 30 de abril

Os índices acionários dos EUA seguem uma trajetória positiva, mas a pressão no mercado aumentou devido à forte queda nas ações da Super Micro e à proximidade da divulgação

Ekaterina Kiseleva 18:09 2025-04-30 UTC+2

O otimismo retorna aos mercados: onde procurar novos pontos de crescimento?

As ações europeias subiram em meio a esperanças de uma redução nas tensões comerciais entre os EUA e a China. O petróleo WTI caiu 1,54%, para US$ 62,05

Thomas Frank 17:48 2025-04-29 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.