Trade Balance: Goods and Services, Balance of Payments Basis
BOPGSTB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-60,177.00
Year-over-Year Change
-18.56%
Date Range
1/1/1992 - 6/1/2025
Summary
The Trade Balance: Goods and Services, Balance of Payments Basis measures the difference between the value of U.S. exports and imports of goods and services, providing insight into the nation's international trade position.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the balance of trade, representing the net flow of goods and services between the U.S. and its global trading partners. It is a key metric used by policymakers and analysts to assess the country's trade competitiveness and external economic relations.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on international transactions reported in the Balance of Payments accounts.
Historical Context
The trade balance is closely monitored by the Federal Reserve and other institutions to inform economic and trade policy decisions.
Key Facts
- The U.S. has run a trade deficit since the 1970s.
- China is the largest source of the U.S. trade deficit.
- The trade balance is an important indicator of economic strength and global influence.
FAQs
Q: What does this economic trend measure?
A: The Trade Balance: Goods and Services, Balance of Payments Basis measures the difference between the value of U.S. exports and imports of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a key metric used to assess the country's trade competitiveness, international economic relations, and the overall strength of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on international transactions reported in the Balance of Payments accounts.
Q: How is this trend used in economic policy?
A: The trade balance is closely monitored by the Federal Reserve and other institutions to inform economic and trade policy decisions.
Q: Are there update delays or limitations?
A: The trade balance data is typically released monthly with a short delay, providing timely information on the nation's trade position.
Related Trends
Citation
U.S. Federal Reserve, Trade Balance: Goods and Services, Balance of Payments Basis (BOPGSTB), retrieved from FRED.