US Dollars, Sum Over Component Sub-periods, Annual
BPCFTT01SKA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,170,900,000.00
Year-over-Year Change
96.93%
Date Range
1/1/1993 - 1/1/2013
Summary
This annual economic indicator measures the total U.S. dollar value of imports and exports over a given year. It provides insight into the overall trade balance and international financial flows.
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 'US Dollars, Sum Over Component Sub-periods, Annual' metric tracks the cumulative dollar-denominated value of all trade transactions between the U.S. and other countries over a 12-month period. This high-level indicator is used to assess the broader state of American international trade and capital flows.
Methodology
The data is collected through surveys of U.S. businesses and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to monitor trade performance and make informed decisions about economic and trade policies.
Key Facts
- The U.S. trade deficit reached a record $1.9 trillion in 2022.
- Goods trade accounts for the majority of total U.S. international transactions.
- China is the largest source of U.S. imports and the third-largest destination for U.S. exports.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total annual dollar value of all U.S. imports and exports, providing a high-level view of the nation's international trade and financial flows.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a key metric for assessing the U.S. economy's performance and competitiveness on the global stage, with implications for economic policy, business investment, and consumer behavior.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis based on surveys of American businesses engaged in international trade.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to inform decisions about trade agreements, tariffs, exchange rates, and other policies affecting the U.S. trade balance and international competitiveness.
Q: Are there update delays or limitations?
A: The annual trade data is published with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
Infra-Annual Labor Statistics: Employment Female: From 15 to 74 Years for Slovak Republic
LFEM74FESKA647S
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Slovak Republic
SVKCP040000GPM
Residential Property Prices for Slovakia
QSKN628BIS
Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Slovak Republic
SVKCPHP1200IXEBM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Slovak Republic
SVKCP110000GYM
Production: Manufacturing: Total Manufacturing for Slovak Republic
SVKPRMNTO01IXEBSAQ
Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Annual (BPCFTT01SKA637N), retrieved from FRED.