US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted
BPCRTF01SKA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,253,120,000.00
Year-over-Year Change
150.57%
Date Range
1/1/1993 - 1/1/2013
Summary
This economic trend measures the total US dollar value of trade flows between the US and other countries on an annual basis. It is a key indicator of the US trade balance and international 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 US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted trend represents the total value in US dollars of all trade components, including imports and exports, over the course of a year. It is used by economists and policymakers to analyze the overall scale and direction of US international trade.
Methodology
The data is collected by the US Census Bureau through surveys of importers, exporters, and shipping records.
Historical Context
This metric is closely watched by the Federal Reserve, US Treasury, and international organizations to gauge the US trade position and broader economic health.
Key Facts
- The US trade deficit reached a record high of $859 billion in 2022.
- China is the largest US trading partner, accounting for over $650 billion in total trade.
- US trade flows have grown significantly over the past two decades due to globalization.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value in US dollars of all trade components, including imports and exports, between the US and other countries over the course of a year.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and market analysts to gauge the overall scale and direction of US international trade, which is a key indicator of economic health and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the US Census Bureau through surveys of importers, exporters, and shipping records.
Q: How is this trend used in economic policy?
A: The US trade balance is a major focus for the Federal Reserve, US Treasury, and international organizations, as it influences monetary policy, tariff decisions, and broader economic strategies.
Q: Are there update delays or limitations?
A: The data is released on an annual basis with a lag of several months, so there may be delays in reflecting the most recent trade activity.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted (BPCRTF01SKA637N), retrieved from FRED.