International Merchandise Trade Statistics: Trade Balance: Commodities for G7
G7XTNTVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-110,150,200,000.00
Year-over-Year Change
-0.33%
Date Range
1/1/1957 - 4/1/2025
Summary
The G7 Trade Balance tracks the difference between the total value of goods exported and imported by the G7 countries. It is a key economic indicator that provides insights into global trade dynamics and the international competitiveness of major industrialized economies.
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 G7 Trade Balance measures the net trade position of the Group of Seven (G7) major advanced economies, which include Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. This data series is widely used by economists, policymakers, and market analysts to assess the strength of external demand and the overall health of the global trading system.
Methodology
The data is collected and reported by national statistical agencies and compiled by international organizations such as the OECD.
Historical Context
The G7 Trade Balance is closely monitored for its implications on economic growth, employment, and currency exchange rates.
Key Facts
- The G7 countries account for nearly 50% of global GDP.
- The G7 Trade Balance has been in deficit since the 1970s.
- Trade imbalances are a source of ongoing international economic tensions.
FAQs
Q: What does this economic trend measure?
A: The G7 Trade Balance measures the difference between the total value of goods exported and imported by the seven largest advanced economies: Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
Q: Why is this trend relevant for users or analysts?
A: The G7 Trade Balance is a key indicator of the global competitive position and trade dynamics of the world's major industrialized nations. It is widely used by economists, policymakers, and market participants to assess economic growth, employment, and currency exchange rate trends.
Q: How is this data collected or calculated?
A: The data is collected and reported by national statistical agencies and compiled by international organizations such as the OECD.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor the G7 Trade Balance for its implications on economic growth, employment, and currency exchange rates, which inform trade negotiations and macroeconomic policies.
Q: Are there update delays or limitations?
A: The G7 Trade Balance data is published with a lag, typically a few months after the reference period, due to the time required for national agencies to collect and compile the information.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for G7
G7CPGREN01GYQ
Infra-Annual Labor Statistics: Labor Force Male: 15 Years or over for G7
G7LFACTTMAGPQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for G7
G7CP010000GYM
Infra-Annual Labor Statistics: Working-Age Population Male: From 55 to 64 Years for G7
G7LFWA55MASTSAQ
Infra-Annual Labor Statistics: Labor Force Male: From 15 to 64 Years for G7
G7LFAC64MASTQ
Infra-Annual Labor Statistics: Unemployment Male: From 15 to 24 Years for G7
G7LFUN24MASTQ
Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for G7 (G7XTNTVA01CXMLM), retrieved from FRED.