US Dollars, Sum Over Component Sub-periods, Quarterly, Not Seasonally Adjusted
BPBLTT01ATQ637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,192,000,000.00
Year-over-Year Change
-14.33%
Date Range
1/1/1992 - 1/1/2014
Summary
This economic indicator tracks the total U.S. dollar value of international trade flows on a quarterly basis. It provides insight into the overall volume and direction of U.S. trade activities.
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, Quarterly, Not Seasonally Adjusted' series measures the total value of U.S. imports and exports across all goods and services on a quarterly basis. This metric is a key indicator of the overall size and direction of U.S. international trade flows.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis (BEA) based on surveys of U.S. international trade transactions.
Historical Context
This trade volume metric is widely used by economists, policymakers, and market analysts to assess the state of the U.S. economy and guide trade policy decisions.
Key Facts
- The U.S. trade deficit reached a record high of $948.1 billion in 2022.
- Trade in goods accounts for around three-quarters of total U.S. international trade.
- 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 indicator tracks the total U.S. dollar value of imports and exports of goods and services on a quarterly basis, providing insight into the overall volume and direction of U.S. international trade flows.
Q: Why is this trend relevant for users or analysts?
A: The trade volume metric is a key economic indicator used by policymakers, economists, and market analysts to assess the state of the U.S. economy and guide trade policy decisions.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis (BEA) based on surveys of U.S. international trade transactions.
Q: How is this trend used in economic policy?
A: This trade volume metric is widely used by economists and policymakers to monitor the overall health of the U.S. economy and inform trade policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Quarterly, Not Seasonally Adjusted (BPBLTT01ATQ637N), retrieved from FRED.