US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted
BPBLTD01INA637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-98,051,730,000.00
Year-over-Year Change
815.58%
Date Range
1/1/1960 - 1/1/2010
Summary
This annual, not seasonally adjusted economic trend measures the total U.S. dollar value of imports and exports over the course of a year. It provides key insights into the overall trade balance and composition of international transactions.
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' series tracks the total dollar value of goods and services exchanged between the U.S. and other countries on a yearly basis. This metric is widely used by economists and policymakers to analyze trade flows, understand current account dynamics, and evaluate the nation's global economic integration.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys and administrative records of international transactions.
Historical Context
Trends in this metric help inform trade and macroeconomic policies aimed at promoting domestic growth, managing current account balances, and shaping the U.S. role in the global economy.
Key Facts
- The U.S. recorded a trade deficit of $1.15 trillion in 2022.
- Goods trade accounts for over 75% of total U.S. international transactions.
- China is the largest source of U.S. imports and the third-largest destination for U.S. exports.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total annual dollar value of goods and services exchanged between the U.S. and other countries, including both imports and exports.
Q: Why is this trend relevant for users or analysts?
A: Trends in this data provide key insights into the U.S. trade balance, the composition of international transactions, and the nation's economic integration with the global marketplace.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis collects this data through surveys and administrative records of international transactions.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to inform trade, macroeconomic, and current account policies aimed at promoting domestic growth and shaping the U.S. role in the global economy.
Q: Are there update delays or limitations?
A: This annual data series is released with a lag of several months, and does not provide insight into seasonal or monthly trade dynamics.
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Citation
U.S. Bureau of Economic Analysis, US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted (BPBLTD01INA637S), retrieved from FRED.