International Trade: Exports: Value (Goods): Total for United States
XTEXVA01USA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.02
Year-over-Year Change
-5.54%
Date Range
1/1/1960 - 1/1/2022
Summary
This economic indicator measures the total value of goods exported from the United States. It is a key metric for understanding the nation's international 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 Exports: Value (Goods): Total for United States trend tracks the monetary value of all physical goods shipped from the U.S. to other countries. It is an important barometer of the nation's trade balance and global market participation.
Methodology
The data is collected and reported by the U.S. Census Bureau through its international trade statistics program.
Historical Context
Policymakers and analysts use this metric to assess the health of the U.S. economy and guide trade, industrial, and macroeconomic policies.
Key Facts
- U.S. goods exports totaled $1.78 trillion in 2021.
- Exports account for approximately 12% of U.S. GDP.
- China, Canada, and Mexico are the top destinations for U.S. exports.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total monetary value of all physical goods exported from the United States to other countries around the world.
Q: Why is this trend relevant for users or analysts?
A: The exports value trend is a key metric for understanding the U.S. trade balance, international competitiveness, and the health of the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its international trade statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the nation's trade position and guide policies related to trade, industry, and macroeconomic management.
Q: Are there update delays or limitations?
A: The exports data is published monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for United States (XTEXVA01USA188S), retrieved from FRED.