Nominal Exports of Goods and Services for Turkey
Quarterly, Not Seasonally Adjusted
NXNSAXDCTRQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,164,214.02
Year-over-Year Change
197.95%
Date Range
1/1/1998 - 1/1/2025
Summary
The Quarterly, Not Seasonally Adjusted economic trend measures the trade balance between the U.S. and other countries. This data is crucial for understanding the state of the U.S. economy and its international economic 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
The Quarterly, Not Seasonally Adjusted trade balance tracks the difference between the value of goods and services exported from the U.S. and the value of goods and services imported. This metric provides insight into the U.S. economy's trade position and competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
The trade balance is closely monitored by policymakers, economists, and market analysts as an indicator of economic health and global competitiveness.
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 $949 billion in 2022.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Not Seasonally Adjusted trade balance measures the difference between the value of goods and services exported from the U.S. and the value of goods and services imported.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a key indicator of the U.S. economy's competitiveness and its relationships with trading partners. It is closely monitored by policymakers, economists, 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.
Q: How is this trend used in economic policy?
A: The trade balance is used by policymakers to assess the state of the U.S. economy and guide decisions on trade policies, tariffs, and other economic measures.
Q: Are there update delays or limitations?
A: The Quarterly, Not Seasonally Adjusted trade balance data is released with a lag of several months by the Bureau of Economic Analysis.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (NXNSAXDCTRQ), retrieved from FRED.