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Trade Balance Day in North America

The trade balance reports from US and Canada for April were released a while ago. Trade deficit for March declined in the US from around $45 billion to $39.9 billion, which was revised to -$39.8 billion. The deficit increased by nearly $5 billion in April, but right now, the trade balance is skewed due to the lock-down and the disruption in the supply lines deform the real picture. Below are the trade reports from North America:

US Trade Report for March 2020

  • US trade balance for the month March $-44.4 billion versus -$44.2 billion estimate
  • prior month revised to $-39.8 billion from $-39.9 billion previously reported
  • US goods deficit $-65.6 billion
  • US services surplus plus $21.18 billion
  • US March exports -9.6% versus February’s -0.3%
  • US imports -6.2% versus February’s -2.5%
  • US March exports $187.75 billion versus $207.75 billion in February
  • US imports $232.16 billion versus $247.56 billion in February
  • capital goods imports $53.2 billion versus February’s $51.71 billion
  • US – China merchandise trade deficit $11.83 billion 1st February deficit of $16 billion
  • US – OPEC March trade surplus $1.75 billion versus February surplus of $1.05 billion

Canadian International Merchandise Trade Report for March 2020

  • Canada’s merchandise trade balance comes in at C$-1.41 billion versus C$-2.5 billion
  • the prior month was C$-0.98 billion
  • Canada’s March imports C$47.67 billion which was down 3.5% from February’s C$49.42 billion (revised from C$49.32 billion)
  • Canada’s March exports C$46.26 billion down -4.7% from February’s C$48.52 billion (revised from C$48.34 billion)

 

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Skerdian Meta
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Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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