US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted
BPBLTT01RUA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98,834,000,000.00
Year-over-Year Change
301.50%
Date Range
1/1/1994 - 1/1/2011
Summary
This economic indicator tracks the total U.S. dollar value of international trade flows over a year, without seasonal adjustments. It provides insight into the overall scale and trends of American import/export 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 series measures the total nominal U.S. dollar value of all international trade transactions, including both exports and imports, across a calendar year. This broad indicator gives economists and policymakers a high-level view of the size and direction of trade flows.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis from various government sources.
Historical Context
Trade data is crucial for monitoring economic conditions, assessing the impacts of trade policies, and forecasting economic growth.
Key Facts
- The annual total trade value exceeded $5 trillion in 2021.
- Trade flows have grown significantly over the past two decades.
- The U.S. has consistently run a trade deficit in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total nominal U.S. dollar value of all international trade transactions, including both exports and imports, over the course of a calendar year.
Q: Why is this trend relevant for users or analysts?
A: Trade data is crucial for monitoring economic conditions, assessing the impacts of trade policies, and forecasting economic growth.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis from various government sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to understand the overall scale and direction of American trade flows, which informs decisions on trade policies and economic management.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so there can be a delay in accessing the most recent information.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted (BPBLTT01RUA637N), retrieved from FRED.