US Dollars, Sum Over Component Sub-periods, Quarterly, Seasonally Adjusted
BPBLTT01PTQ637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-116,410,000.00
Year-over-Year Change
-97.97%
Date Range
1/1/1996 - 4/1/2014
Summary
This economic trend measures the total US dollar value of goods and services traded internationally on a quarterly basis, adjusted for seasonal variations.
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, Seasonally Adjusted' series tracks the aggregate dollar value of imports and exports by the United States. This metric is a key indicator of the nation's trade balance and international economic engagement.
Methodology
The data is collected and calculated by the US Bureau of Economic Analysis using customs declarations and survey responses.
Historical Context
Policymakers and analysts use this metric to assess the US trade position and make informed decisions about economic and trade policy.
Key Facts
- The US trade deficit was $84.9 billion in December 2022.
- Exports were $250.2 billion, imports were $335.1 billion.
- China was the largest source of imports in 2022.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total US dollar value of goods and services traded internationally on a quarterly basis, with seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The US trade balance is a key indicator of the nation's economic engagement and competitiveness on global markets.
Q: How is this data collected or calculated?
A: The data is collected by the US Bureau of Economic Analysis using customs declarations and survey responses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the US trade position and make informed decisions about economic and trade policy.
Q: Are there update delays or limitations?
A: The data is released quarterly with a several-week delay, and can be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Quarterly, Seasonally Adjusted (BPBLTT01PTQ637S), retrieved from FRED.