US Dollars, Sum Over Component Sub-periods, Quarterly, Seasonally Adjusted
BPCRTF01NOQ637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
926,000,000.00
Year-over-Year Change
4.04%
Date Range
1/1/1981 - 4/1/2014
Summary
This economic trend measures the total U.S. dollar value of imports and exports of goods and services on a quarterly basis, adjusted for seasonal variations.
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' series tracks the aggregated dollar volume of cross-border trade flows in the U.S. economy. It is a key metric used by economists and policymakers to assess the nation's trade balance and international competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis (BEA) based on surveys of importing and exporting companies.
Historical Context
This trade volume statistic is closely monitored by the Federal Reserve and other institutions to inform economic and trade policy decisions.
Key Facts
- The U.S. had a trade deficit of $79.6 billion in 2022 Q3.
- Exports accounted for 12.4% of U.S. GDP in 2022 Q3.
- China was the largest source of U.S. imports in 2022.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of U.S. imports and exports of goods and services on a quarterly basis, with seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The trade volume statistic is a key indicator of the U.S. economy's international competitiveness and is closely monitored by policymakers 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 surveys of importing and exporting companies.
Q: How is this trend used in economic policy?
A: The trade volume data is used by the Federal Reserve and other institutions to inform economic and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several weeks after the end of the quarter.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Quarterly, Seasonally Adjusted (BPCRTF01NOQ637S), retrieved from FRED.