Annual, Not Seasonally Adjusted
BPDBTF01ATA636N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,643,000,000.00
Year-over-Year Change
57.38%
Date Range
1/1/1992 - 1/1/2013
Summary
This economic trend measures the annual value of the U.S. trade balance, which is the difference between exports and imports of goods and services. It is a key indicator of the nation's international economic competitiveness and trade position.
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 U.S. trade balance reflects the country's trading activity with the rest of the world. A positive trade balance indicates a trade surplus, where exports exceed imports, while a negative balance signals a trade deficit. Economists and policymakers closely monitor this metric to assess the health of the U.S. economy and formulate effective trade policies.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis based on surveys of international trade in goods and services.
Historical Context
The U.S. trade balance is a critical factor in shaping economic and trade policies, as well as influencing financial markets and exchange rates.
Key Facts
- The U.S. has run a trade deficit since the 1970s.
- The trade deficit reached a record high of $1.02 trillion in 2022.
- China is the largest source of the U.S. trade deficit.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual value of the U.S. trade balance, which is the difference between the value of exports and imports of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The U.S. trade balance is a key indicator of the nation's international economic competitiveness and trade position, making it important for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis based on surveys of international trade in goods and services.
Q: How is this trend used in economic policy?
A: The U.S. trade balance is a critical factor in shaping economic and trade policies, as well as influencing financial markets and exchange rates.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a two-month lag, providing timely information on the U.S. trade position.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (BPDBTF01ATA636N), retrieved from FRED.