US Dollars, Sum Over Component Sub-periods, Quarterly, Seasonally Adjusted
BPCRTD01SEQ637S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,610,360,000.00
Year-over-Year Change
-11.71%
Date Range
1/1/1982 - 4/1/2014
Summary
This quarterly, seasonally adjusted economic trend measures the total U.S. dollar value of international trade in goods and services. It provides insight into the strength and direction of the U.S. trade balance, which is a key indicator of economic performance.
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 trend represents the total nominal dollar value of exports and imports of goods and services for the United States. It is a widely followed economic indicator used by policymakers, analysts, and researchers to gauge the health of the U.S. external sector.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of international trade flows.
Historical Context
The U.S. trade balance is closely monitored by the Federal Reserve and other government agencies to inform economic and trade policy decisions.
Key Facts
- The U.S. trade deficit reached a record high of $84.9 billion in March 2022.
- Services trade typically runs a surplus, while goods trade runs a deficit.
- China is the largest source of the U.S. trade deficit, accounting for over $300 billion in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total U.S. dollar value of international trade in goods and services, providing insight into the U.S. trade balance.
Q: Why is this trend relevant for users or analysts?
A: The U.S. trade balance is a key indicator of economic performance and is closely monitored by policymakers, analysts, and researchers to inform economic and trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of international trade flows.
Q: How is this trend used in economic policy?
A: The U.S. trade balance is closely monitored by the Federal Reserve and other government agencies to inform economic and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, US Dollars, Sum Over Component Sub-periods, Quarterly, Seasonally Adjusted (BPCRTD01SEQ637S), retrieved from FRED.