US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted
BPCRTD01EZA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,457,803,388,959.11
Year-over-Year Change
173.49%
Date Range
1/1/1997 - 1/1/2012
Summary
This economic trend measures the total U.S. dollar value of trade flows between the U.S. and other countries on an annual basis. It is a key indicator of the overall strength and direction of U.S. international trade 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 tracks the total value of U.S. exports and imports across all goods and services on a yearly basis. This data is widely used by economists and policymakers to analyze trade balances, exchange rate impacts, and broader economic trends.
Methodology
The data is compiled by the U.S. Census Bureau based on official international trade statistics.
Historical Context
Trends in this series are closely monitored by the Federal Reserve, the U.S. Treasury, and other institutions to inform economic and trade policy decisions.
Key Facts
- The U.S. recorded over $5 trillion in total trade in 2021.
- The trade deficit has widened significantly in recent years.
- China is the U.S.'s largest trading partner by total value.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total U.S. dollar value of all exports and imports of goods and services between the United States and its trading partners on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: Trends in total trade value provide important insights into the strength and direction of U.S. international economic activity, trade balances, and the overall health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau based on official trade statistics reported by importers, exporters, and customs authorities.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve, Treasury Department, and other institutions closely monitor this data to inform decisions on trade policy, exchange rate management, and broader economic strategy.
Q: Are there update delays or limitations?
A: The annual trade data has a lag of several months, with the most recent year's figures typically released in the following spring or summer.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted (BPCRTD01EZA637N), retrieved from FRED.