International Trade: Exports: Value (Goods): Total
OECDXTEXVA01STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.56
Year-over-Year Change
8.08%
Date Range
1/1/2005 - 7/1/2023
Summary
This economic trend measures the total value of goods exported from the United States to international markets. It is a key indicator of the U.S. trade balance and global economic engagement.
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 'International Trade: Exports: Value (Goods): Total' metric tracks the monetary value of all physical goods exported from the United States. It reflects the overall level of American participation in international trade and is closely watched by economists and policymakers.
Methodology
The data is collected by the U.S. Census Bureau through surveys of American exporters.
Historical Context
Export value data is used to assess the U.S. trade position and inform economic and trade policies.
Key Facts
- Exports account for over 12% of U.S. GDP.
- China is the largest destination for U.S. exports.
- Services exports exceed goods exports for the U.S.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total monetary value of all physical goods exported from the United States to international markets.
Q: Why is this trend relevant for users or analysts?
A: Exports data is a key indicator of the U.S. trade balance and the country's level of engagement in the global economy, making it highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of American exporters.
Q: How is this trend used in economic policy?
A: Export value data is used to assess the U.S. trade position and inform economic and trade policies aimed at promoting American competitiveness in global markets.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total (OECDXTEXVA01STSAQ), retrieved from FRED.