US Dollars, Sum Over Component Sub-periods, Quarterly, Seasonally Adjusted
BPDBTD01EEQ637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,505,930,000.00
Year-over-Year Change
12.19%
Date Range
7/1/1992 - 1/1/2014
Summary
This economic trend measures the total US dollar value of imports and exports of goods and services on a quarterly basis, adjusted for seasonal variations. It provides a high-level indicator of the US 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 series tracks the total value of both imports and exports of goods and services for the United States. This metric is widely used by economists and policymakers to analyze the country's trade position and overall participation in global commerce.
Methodology
The data is collected and calculated by the US Bureau of Economic Analysis based on surveys of businesses and other economic entities.
Historical Context
This trade data informs decisions by the Federal Reserve, Congress, and the administration regarding economic, fiscal, and monetary policies.
Key Facts
- The US trade deficit reached a record high of $84.9 billion in March 2022.
- Goods account for around three-quarters of total US international trade.
- China is the largest source of US imports and the third-largest destination for US exports.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of both imports and exports of goods and services for the United States on a quarterly basis, adjusted for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The US trade balance is a key indicator of the country's participation in global commerce and is widely used by economists and policymakers to inform economic, fiscal, and monetary decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the US Bureau of Economic Analysis based on surveys of businesses and other economic entities.
Q: How is this trend used in economic policy?
A: This trade data informs decisions by the Federal Reserve, Congress, and the administration regarding economic, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical delay of several weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Quarterly, Seasonally Adjusted (BPDBTD01EEQ637S), retrieved from FRED.