Nominal Exports of Goods for Australia
Annual, Not Seasonally Adjusted
NXGXDCAUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
516,943.00
Year-over-Year Change
107.04%
Date Range
1/1/1972 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the annual value of net exports of goods and services, a key indicator of a country's international trade balance. This data is crucial for economists and policymakers to assess the nation's economic performance and trade relationships.
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
This series represents the difference between a country's exports and imports of goods and services over a 12-month period, without adjusting for seasonal variations. It provides a comprehensive view of a nation's trade flows and is widely used to analyze trade policies, exchange rate movements, and the overall competitiveness of the economy.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis using a variety of sources, including surveys and administrative records.
Historical Context
Policymakers closely monitor this trend to inform trade negotiations, tariff decisions, and other policies aimed at improving the country's trade position.
Key Facts
- The U.S. has run a trade deficit since the 1970s.
- China is the largest source of the U.S. trade deficit.
- The trade deficit reached a record high of $948 billion in 2022.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the difference between a country's exports and imports of goods and services over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for economists and policymakers to assess a country's international trade balance, competitiveness, and the impact of trade policies.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis using a variety of sources, including surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to inform trade negotiations, tariff decisions, and other policies aimed at improving the country's trade position.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with some delays due to the comprehensive nature of the sources used.
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Citation
U.S. Federal Reserve, Net Exports of Goods and Services (NXGXDCAUA), retrieved from FRED.