Annual, Not Seasonally Adjusted
BOPOIMFA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.44
Year-over-Year Change
-195.50%
Date Range
1/1/1960 - 1/1/2013
Summary
The Balance of Payments, Oilfield Services Trade Balance measures the difference between U.S. exports and imports of oilfield services. It provides insight into the competitiveness of the U.S. oilfield services industry in global markets.
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
The Balance of Payments, Oilfield Services Trade Balance tracks the net trade position of the U.S. oilfield services industry. It is an important economic indicator for evaluating the global competitiveness and export performance of this critical sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of oilfield services companies.
Historical Context
This trend is closely watched by policymakers, energy analysts, and industry stakeholders to assess the strength of the U.S. oilfield services sector.
Key Facts
- The U.S. has maintained a positive oilfield services trade balance since the 1990s.
- Oilfield services are a key U.S. export, generating over $50 billion annually.
- The trade balance reflects the global competitiveness of U.S. oilfield technology and expertise.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments, Oilfield Services Trade Balance measures the difference between U.S. exports and imports of oilfield services, equipment, and technology.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the global competitiveness and export performance of the critical U.S. oilfield services industry, which is closely watched by policymakers, energy analysts, and industry stakeholders.
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 surveys of oilfield services companies.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers to assess the strength and global standing of the U.S. oilfield services sector, which is strategically important for the country's energy security and economic competitiveness.
Q: Are there update delays or limitations?
A: The Balance of Payments, Oilfield Services Trade Balance data is published quarterly with a lag of several months.
Related Trends
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IEAADSLA
Direct Investment Liabilities: Debt instruments
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US Incurrence of Portfolio Investment Liabilities: Debt securities
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Statistical discrepancy
IEASD
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Citation
U.S. Federal Reserve, Balance of Payments, Oilfield Services Trade Balance (BOPOIMFA), retrieved from FRED.