International Trade: Net Trade: Value (Goods): Total for United States
USAXTNTVA01STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.80
Year-over-Year Change
-14.23%
Date Range
1/1/1960 - 7/1/2023
Summary
This economic indicator measures the net trade balance for the United States, tracking the total value of goods imported and exported. It is a key barometer of the nation's trade position and economic 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 net trade balance is the difference between the total value of goods exported and the total value of goods imported by the United States. It serves as an important metric for assessing the country's trade performance and global economic standing.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on official international trade statistics.
Historical Context
Policymakers and analysts use this metric to monitor the nation's trade dynamics and inform economic and trade policy decisions.
Key Facts
- The U.S. has run a trade deficit for decades.
- The trade deficit reached a record high of $95.0 billion in March 2022.
- China is the largest source of the U.S. trade deficit.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of goods imported and exported by the United States, providing a measure of the nation's net trade balance.
Q: Why is this trend relevant for users or analysts?
A: The net trade balance is a key economic metric that reflects a country's trade position and global competitiveness, making it highly relevant for policymakers, businesses, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on official international trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the nation's trade dynamics and inform economic and trade policy decisions, such as tariffs, trade agreements, and export promotion strategies.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Census Bureau, with a typical delay of several weeks. The metric may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, International Trade: Net Trade: Value (Goods): Total for United States (USAXTNTVA01STSAQ), retrieved from FRED.