US Dollars, Sum Over Component Sub-periods, Quarterly, Seasonally Adjusted
BPCRTD01INQ637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1960 - 4/1/2011
Summary
This economic trend measures the total U.S. dollar value of imports and exports of goods and services, which is a key indicator of the nation's trade balance and international economic 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, Quarterly, Seasonally Adjusted metric represents the sum of all U.S. imports and exports of goods and services on a quarterly basis, with seasonal factors removed. This broad measure of trade flows provides insight into the strength of the U.S. economy's international trade position.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of U.S. businesses.
Historical Context
Analysts and policymakers closely monitor this metric to assess the overall trade balance and competitiveness of the U.S. economy.
Key Facts
- The U.S. trade deficit was $84.9 billion in November 2022.
- Goods exports totaled $174.5 billion and imports were $254.8 billion.
- China is the largest source of U.S. imports and the third-largest market for U.S. exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total U.S. dollar value of imports and exports of goods and services, providing insight into the nation's trade balance and international economic activity.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a key indicator of a country's economic competitiveness and can inform policy decisions, business strategies, and market expectations.
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 surveys of U.S. businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this metric to assess the overall trade balance and competitiveness of the U.S. economy, which can inform trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of approximately two months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Quarterly, Seasonally Adjusted (BPCRTD01INQ637S), retrieved from FRED.