US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted
BPBLTD01SKA637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,686,590,000.00
Year-over-Year Change
-367.63%
Date Range
1/1/1993 - 1/1/2013
Summary
This annual, not seasonally adjusted series tracks the total U.S. dollar value of imports and exports across all component trade categories. It provides a comprehensive overview of the U.S. trade balance over time.
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 U.S. Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted series represents the total dollar value of goods and services traded internationally by the United States on an annual basis. It is a key metric for analyzing the nation's trade position and broader economic health.
Methodology
The data is collected and aggregated by the U.S. Census Bureau based on detailed records of international transactions.
Historical Context
This trade balance metric is closely monitored by policymakers, economists, and market analysts to gauge the U.S. economy's competitiveness and integration with global markets.
Key Facts
- The U.S. trade deficit reached a record high of $948 billion in 2022.
- Goods trade accounts for the majority of the U.S. trade balance.
- China is the largest source of the U.S. trade deficit.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of goods and services imported and exported by the United States on an annual basis, providing a comprehensive view of the nation's trade balance.
Q: Why is this trend relevant for users or analysts?
A: The U.S. trade balance is a crucial indicator of the country's economic competitiveness, integration with global markets, and overall macroeconomic health. It is closely monitored by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the U.S. Census Bureau based on detailed records of international transactions.
Q: How is this trend used in economic policy?
A: The U.S. trade balance data is used by policymakers, economists, and market analysts to assess the nation's economic performance, formulate trade policies, and make informed decisions about investment and economic strategy.
Q: Are there update delays or limitations?
A: The annual trade data is typically released with a lag of several months, and may be subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted (BPBLTD01SKA637S), retrieved from FRED.