As a follow-up to China Exports, Imports Soar: Global Trade Outlook Improving? let’s investigate China’s “Import Surge” with a series of pictures.
China Imports and Exports Year-Over-Year
The above from ZeroHedge China Trade Data Beats As Crude Demand Surges (Ahead Of Maintenance)
Crude Monthly Year-Over-Year Price Rise Percent
Crude Monthly Year-Over-Year Dollar Increase
US Trade in Goods and Services
US Trade in Goods and Services Moving Average
US Trade Deficit by Country Through April
US Trade with China 2017 vs 2016
The idea that global trade is improving is largely a commodity-induced fantasy related primarily to the price of oil.
- China Exports, Imports Soar: Global Trade Outlook Improving?
- Trade Deficit Widens: Cascade of Bad News Accelerates, Trump Will Howl
Mike “Mish” Shedlock