Real Exports of Goods and Services for Canada
Annual, Not Seasonally Adjusted
NXRXDCCAA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
737,418.80
Year-over-Year Change
27.10%
Date Range
1/1/1961 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the value of U.S. real net exports of goods and services. This key macroeconomic indicator provides insights into the nation's trade position and is closely monitored by policymakers.
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 annual, non-seasonally adjusted data series tracks the difference between the value of U.S. exports and imports of goods and services. It is a fundamental metric for assessing the country's trade balance and international competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis.
Historical Context
Real net exports are a critical component of GDP and a key factor in economic and trade policy decisions.
Key Facts
- The U.S. has run a trade deficit since the 1970s.
- China is the largest source of U.S. imports.
- Services trade surplus partially offsets the goods trade deficit.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series tracks the value of U.S. real net exports of goods and services, which is the difference between exports and imports.
Q: Why is this trend relevant for users or analysts?
A: Real net exports are a key macroeconomic indicator that provides insights into the U.S. trade position and international competitiveness, making it crucial for policymakers 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: Real net exports are a critical component of GDP and a key factor in economic and trade policy decisions, as they reflect the nation's trade balance and international competitiveness.
Q: Are there update delays or limitations?
A: The data is reported annually without seasonal adjustments, so there may be delays in availability compared to more frequently updated economic indicators.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NXRXDCCAA), retrieved from FRED.