Trade Balance: Goods, Balance of Payments Basis
BOPGTB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-85,879.00
Year-over-Year Change
-13.74%
Date Range
1/1/1992 - 6/1/2025
Summary
The Trade Balance: Goods, Balance of Payments Basis measures the difference between the value of goods exported from the U.S. and the value of goods imported into the U.S. It is a key economic indicator for policymakers and analysts.
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 economic trend represents the balance of trade in goods, tracking the net flow of physical merchandise exports and imports. It is a widely-used statistic for understanding the U.S. trade position and competitiveness in global markets.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis using customs records and other sources.
Historical Context
The trade balance is closely monitored by the Federal Reserve and other institutions to assess economic performance and guide policy decisions.
Key Facts
- The U.S. has run a trade deficit in goods since the 1970s.
- China is the largest source of the U.S. trade deficit in goods.
- Services trade tends to generate a surplus that partially offsets the goods trade deficit.
FAQs
Q: What does this economic trend measure?
A: The Trade Balance: Goods, Balance of Payments Basis measures the difference between the value of goods exported from the U.S. and the value of goods imported into the U.S.
Q: Why is this trend relevant for users or analysts?
A: The trade balance in goods is a key indicator of U.S. competitiveness and a major component of the overall balance of payments. It is closely watched by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Bureau of Economic Analysis using customs records and other statistical sources.
Q: How is this trend used in economic policy?
A: The trade balance figures are used by the Federal Reserve and other institutions to assess the state of the economy and inform policy decisions related to trade, exchange rates, and macroeconomic management.
Q: Are there update delays or limitations?
A: The trade balance data is published monthly with a lag of several weeks. There can be revisions to previously reported figures as more complete information becomes available.
Related Trends
Citation
U.S. Federal Reserve, Trade Balance: Goods, Balance of Payments Basis (BOPGTB), retrieved from FRED.