US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted
BPCRTD01SEA637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
170,254,120,000.00
Year-over-Year Change
113.25%
Date Range
1/1/1982 - 1/1/2013
Summary
This economic trend measures the total U.S. dollar value of trade in goods and services over the course of a year. It provides insight into the overall balance of trade and national economic performance.
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 represents the total U.S. dollar value of imports and exports of goods and services for the United States over a 12-month period. This metric is used by economists and policymakers to analyze trade balances and broader economic conditions.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through various surveys and administrative sources.
Historical Context
This trade data is closely monitored by government agencies, financial markets, and international organizations to assess the health of the U.S. economy.
Key Facts
- The U.S. trade deficit reached a record high of $948.1 billion in 2022.
- Goods trade accounts for the majority of the total U.S. trade balance.
- 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 trend measures the total U.S. dollar value of imports and exports of goods and services for the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to analyze trade balances and broader economic conditions, providing insight into the overall performance of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through various surveys and administrative sources.
Q: How is this trend used in economic policy?
A: This trade data is closely monitored by government agencies, financial markets, and international organizations to assess the health of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a delay of several months.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted (BPCRTD01SEA637S), retrieved from FRED.