US Dollars, Sum Over Component Sub-periods, Quarterly, Not Seasonally Adjusted
BPCRTD01FRQ637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149,108,200,000.00
Year-over-Year Change
2.42%
Date Range
1/1/1995 - 1/1/2014
Summary
This economic trend measures the total U.S. dollar value of trade in goods and services, reported quarterly. It provides insight into the overall health and direction of the U.S. international trade balance.
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 tracks the total value of U.S. exports and imports of goods and services on a quarterly basis. This metric is a key indicator of the U.S. trade position and is closely monitored by policymakers and analysts.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on international trade statistics.
Historical Context
The trade balance is an important factor in macroeconomic policy decisions and assessments of the U.S. economy's global competitiveness.
Key Facts
- The U.S. trade deficit reached a record high of $948.1 billion in 2022.
- Trade in goods 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 trend measures the total U.S. dollar value of exports and imports of goods and services on a quarterly basis, providing insight into the U.S. trade balance.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a key indicator of the U.S. economy's global competitiveness and is closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on international trade statistics.
Q: How is this trend used in economic policy?
A: The trade balance is an important factor in macroeconomic policy decisions, as it reflects the U.S. economy's global trade position and competitiveness.
Q: Are there update delays or limitations?
A: The data is released quarterly, and there may be some delays in reporting due to the complexity of international trade statistics.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Quarterly, Not Seasonally Adjusted (BPCRTD01FRQ637N), retrieved from FRED.