International Merchandise Trade Statistics: Trade Balance: Commodities for G7
Quarterly, Not Seasonally Adjusted
G7XTNTVA01CXMLQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-457,430,600,000.00
Year-over-Year Change
4.95%
Date Range
1/1/1957 - 1/1/2025
Summary
This economic trend measures net trade in goods and services on a quarterly basis without seasonal adjustments. It provides insight into the overall trade balance and international competitiveness of the U.S. economy.
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 Quarterly, Not Seasonally Adjusted series tracks the difference between U.S. exports and imports of goods and services on a quarterly basis, without adjusting for seasonal factors. This metric is a key indicator of the nation's trade position and can inform economic policymaking.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys of international trade transactions.
Historical Context
Policymakers and analysts use this unadjusted trade data to assess the underlying trends in the U.S. trade balance.
Key Facts
- The U.S. has run a trade deficit for over 40 years.
- China is the largest source of the U.S. trade deficit.
- The trade deficit typically widens during periods of strong economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference between U.S. exports and imports of goods and services on a quarterly basis, without adjusting for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a key indicator of a country's international competitiveness and can inform economic policymaking decisions.
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 international trade transactions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this unadjusted trade data to assess the underlying trends in the U.S. trade balance and inform decisions on trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released quarterly with a lag of approximately three months.
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Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (G7XTNTVA01CXMLQ), retrieved from FRED.