US exports rose 2.2 percent month-on-month to $261.1 billion in September, the highest level since August 2022. In particular, exports of industrial supplies and materials jumped, as did exports of food and feed: in both categories, foreign trade increased by $1.4 billion, According to the US Department of Commerce. of your data.
Imports rose by 2.7 percent to $322.7 billion, led by imports of consumer goods, including mobile phones and other household goods, as well as passenger cars. The trade deficit exceeded analysts’ expectations of $59.9 billion and reached $61.5 billion, which is 4.9 percent higher than the $58.7 billion in August.
Bilateral trade last month resulted in a trade surplus of $24.1 billion for Beijing, after $22.7 billion in August.
In September, the external trade deficit with the European Union reached $16.8 billion. As Villajazdasag reported, the volume of trade between the US and China last year was greater than ever before, and thus the US trade deficit also increased. The trading volume in 2021 reached $656.4 billion, and in 2022 it reached $690.6 billion.
American exports to China rose $2.4 billion to $153.8 billion last year, while imports from the easternmost country rose $31.8 billion to $536.8 billion last year. All of this led to a trade surplus of approximately $383 billion for Beijing, the largest number ever measured after a deficit of $419.4 billion in 2018.
The interest burden on US government bonds is beyond the psychological limit – and the Forint is preparing
The US government’s annual interest payment obligations on its government bonds have risen to $1,000 billion, or 5.6 times Hungary’s GDP, placing an unbearable burden on government coffers. These benefits could extend to Hungary as well.