US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted
BPBLTT01ATA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,215,000,000.00
Year-over-Year Change
-814.79%
Date Range
1/1/1992 - 1/1/2013
Summary
This economic trend measures the total U.S. dollar value of imports and exports over a given year. It provides insights into the overall balance of trade 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' metric represents the cumulative U.S. dollar value of all trade flows, including both imports and exports, across a full calendar year. This broad annual indicator is used to analyze broader macroeconomic trends in the U.S. trade balance and international commerce.
Methodology
The data is calculated by the U.S. Census Bureau based on monthly trade statistics.
Historical Context
This annual trade balance metric is closely monitored by policymakers, economists, and market analysts to gauge the health of the U.S. economy and its commercial relationships globally.
Key Facts
- The U.S. trade deficit reached a record high of $948.1 billion in 2022.
- Trade with China accounts for the largest portion of the U.S. trade deficit.
- Fluctuations in this metric can impact currency exchange rates and domestic prices.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total U.S. dollar value of all imports and exports over a given calendar year, providing insight into the overall balance of trade and international economic activity.
Q: Why is this trend relevant for users or analysts?
A: The annual trade balance is a key macroeconomic indicator closely watched by policymakers, economists, and market analysts to gauge the health of the U.S. economy and its commercial relationships globally.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Census Bureau based on monthly trade statistics.
Q: How is this trend used in economic policy?
A: Fluctuations in the annual trade balance can impact currency exchange rates, domestic prices, and influence economic policy decisions related to trade, tariffs, and international commerce.
Q: Are there update delays or limitations?
A: This annual metric is released with a lag, typically several months after the end of the calendar year, and does not provide insights on a more frequent basis.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Annual, Not Seasonally Adjusted (BPBLTT01ATA637N), retrieved from FRED.