Annual, Not Seasonally Adjusted
BPBLTD01ILA637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8,176,000,000.00
Year-over-Year Change
91.39%
Date Range
1/1/1995 - 1/1/2014
Summary
This economic trend measures the total value of U.S. international trade in goods, excluding seasonal fluctuations. It provides key insights into the overall health and direction of the U.S. economy.
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 Annual, Not Seasonally Adjusted trade balance tracks the difference between the total value of U.S. exports and imports of goods over a 12-month period. It offers a comprehensive view of the nation's trade position and can inform economic policy decisions.
Methodology
The data is compiled by the U.S. Census Bureau based on official import and export records.
Historical Context
Policymakers and analysts monitor this trend to assess the competitiveness of U.S. goods in global markets and the potential impact on domestic employment and economic growth.
Key Facts
- The U.S. trade deficit in goods reached a record high of $1.2 trillion in 2022.
- China is the largest source of U.S. imports, accounting for over $500 billion in 2022.
- The U.S. has run a trade deficit in goods since the 1970s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of U.S. imports and exports of goods, excluding seasonal adjustments, over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: The annual trade balance in goods provides a comprehensive view of the U.S. economy's trade position, which is crucial for policymakers, businesses, and investors in assessing the nation's economic competitiveness and growth prospects.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau based on official records of international trade in goods.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to evaluate the competitiveness of U.S. goods in global markets and the potential impact on domestic employment, production, and economic growth.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately two months, and it does not include trade in services, which is reported separately.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (BPBLTD01ILA637S), retrieved from FRED.