Explaining China’s “Import Surge” in Seven Pictures

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.

by Mish

China Imports and Exports Year-Over-Year

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.

Mike “Mish” Shedlock