Annual, Not Seasonally Adjusted
BPCRTF01DKA636S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,942,000,000.00
Year-over-Year Change
-3.54%
Date Range
1/1/1988 - 1/1/2013
Summary
This annual, not seasonally adjusted series represents the U.S. trade balance in goods and services. It is a key indicator of the nation's economic health and international competitiveness.
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 trade balance measures the difference between the total value of exports and imports of goods and services. It provides insight into a country's international trade activities and its position within the global economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses and customs records.
Historical Context
Policymakers and economists monitor the trade balance to assess the effectiveness of trade policies and the overall strength of the U.S. economy.
Key Facts
- The U.S. trade deficit reached a record high of $948.1 billion in 2022.
- Goods account for the majority of U.S. trade, with a larger deficit in goods trade than in services trade.
- China is the United States' largest trading partner, with a significant trade deficit between the two countries.
FAQs
Q: What does this economic trend measure?
A: This series measures the difference between the total value of U.S. exports and imports of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a crucial indicator of a country's international economic competitiveness and the overall strength of its economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the trade balance to assess the effectiveness of trade policies and the overall health of the U.S. economy.
Q: Are there update delays or limitations?
A: The trade balance data is typically released monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (BPCRTF01DKA636S), retrieved from FRED.