Data: FRED (BEA + U.S. Census Bureau) — Series BOPGSTB, BOPTIMP, BOPTEXP
Tools: R (ggplot2, tidyverse, patchwork)
This chart shows the U.S. monthly trade balance alongside imports vs exports.
The December deficit widened sharply to $70.3B, driven by rising imports and falling exports. Full-year deficit hit $901.5B, among the largest since 1960.
by forensiceconomics
4 Comments
I assume the sharp drop at the end of 2024 was companies trying to stock up in anticipation of incoming tarrifs?
Great job! Have you seen the Dow? Like Omg.
Will Rogers(early 20th century US entertainer/humorist) once stated:
* “The one way to detect a feeble-minded man is get one arguing on economics.”
Trump has proven this to be true.
Manufacturing exploded. Mission accomplished.