US Dollars, Sum Over Component Sub-periods, Quarterly, Not Seasonally Adjusted
BPBLTT01ILQ637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,736,000,000.00
Year-over-Year Change
349.26%
Date Range
1/1/1980 - 10/1/2014
Summary
This economic trend measures the total U.S. dollar value of imports and exports over a given quarter. It provides insights into the overall balance of trade and can inform policymakers and analysts on international economic dynamics.
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, Quarterly, Not Seasonally Adjusted' series tracks the total dollar value of U.S. imports and exports on a quarterly basis. This metric is used to calculate the U.S. trade balance and analyze trends in international trade flows.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of international trade transactions.
Historical Context
Policymakers and economists closely monitor this trend to assess the state of the U.S. economy's global competitiveness and trade relationships.
Key Facts
- The U.S. trade deficit was $79.6 billion in Q4 2022.
- China is the largest source of U.S. imports and the third-largest destination for U.S. exports.
- Services trade typically runs a surplus, while goods trade runs a deficit.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total U.S. dollar value of imports and exports over a given quarter, which is used to calculate the U.S. trade balance.
Q: Why is this trend relevant for users or analysts?
A: This trend provides key insights into the overall state of U.S. international trade, informing policymakers and analysts on the country's global economic competitiveness and trade relationships.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of international trade transactions.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the U.S. economy's global trade position and inform decisions on trade policies, tariffs, and international economic strategies.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a lag of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Quarterly, Not Seasonally Adjusted (BPBLTT01ILQ637N), retrieved from FRED.