US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted
BPBLTD01IEA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,717,500,000.00
Year-over-Year Change
56.43%
Date Range
1/1/1990 - 1/1/2013
Summary
This economic trend measures the total U.S. dollar value of exports and imports across various goods and services over a year. It provides insight into the country's trade balance and economic activity.
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 US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted trend represents the aggregated value of U.S. exports and imports of goods and services over a calendar year. It is a key indicator used by economists and policymakers to assess the nation's trade position and its impact on the broader economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative records.
Historical Context
This metric is closely monitored by economists, businesses, and policymakers to understand the dynamics of U.S. trade and its broader economic implications.
Key Facts
- The U.S. has run a trade deficit for over 40 years.
- In 2022, the U.S. trade deficit reached a record high of $948.1 billion.
- China is the largest source of the U.S. trade deficit.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total U.S. dollar value of exports and imports of goods and services over a calendar year, providing insight into the country's trade balance.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and businesses to understand the dynamics of U.S. trade and its broader economic implications.
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 and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess the nation's trade position and its impact on the broader economy, informing decisions on trade policies, exchange rates, and other economic measures.
Q: Are there update delays or limitations?
A: The data is released annually with a lag, and may be subject to revisions as more information becomes available.
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Citation
U.S. Bureau of Economic Analysis, US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted (BPBLTD01IEA637N), retrieved from FRED.