International Trade: Exports: Value (Goods): Total for United States
XTEXVA01USQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.36
Year-over-Year Change
11.60%
Date Range
1/1/1960 - 7/1/2023
Summary
This economic trend measures the total value of goods exported from the United States. It is a key indicator of international trade and economic activity.
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 International Trade: Exports: Value (Goods): Total for United States tracks the monthly dollar value of all goods exported from the U.S. to other countries. This metric provides insights into the strength of American exports and the country's position in global trade.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and economists closely monitor export values to assess the health of the U.S. economy and guide trade policy decisions.
Key Facts
- U.S. exports reached a record high of $249.4 billion in May 2022.
- The largest export categories are machinery, vehicles, and aircraft.
- China is the top destination for U.S. exports, accounting for over $150 billion annually.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of all goods exported from the United States to other countries on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Tracking export values provides insights into the strength of the U.S. economy and its position in global trade, which is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor export values to assess the health of the U.S. economy and guide trade policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for United States (XTEXVA01USQ188S), retrieved from FRED.