International Merchandise Trade Statistics: Trade Balance: Commodities for United States
XTNTVA01USA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1,204,720,000,000.00
Year-over-Year Change
64.89%
Date Range
1/1/1955 - 1/1/2024
Summary
The U.S. Trade Balance tracks the net difference between the value of goods and services imported and exported by the United States. This metric is a key indicator of the nation's economic activity and 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 U.S. Trade Balance measures the overall value of U.S. imports and exports of goods and services. It is a widely followed economic indicator that provides insights into trade flows, the strength of the dollar, and the competitiveness of American industries.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on international trade statistics.
Historical Context
The Trade Balance is closely monitored by policymakers, investors, and analysts to assess the health of the U.S. economy and guide economic policy decisions.
Key Facts
- The U.S. has had a trade deficit since the 1970s.
- China is the largest source of the U.S. trade deficit.
- Trade deficits can be influenced by exchange rates, consumer demand, and government policies.
FAQs
Q: What does this economic trend measure?
A: The U.S. Trade Balance measures the difference between the value of goods and services imported and exported by the United States.
Q: Why is this trend relevant for users or analysts?
A: The Trade Balance is a key indicator of the nation's economic health, competitiveness, and trade relations with other countries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on international trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers, investors, and analysts closely monitor the Trade Balance to assess the strength of the U.S. economy and guide economic policy decisions.
Q: Are there update delays or limitations?
A: The Trade Balance data is published monthly by the U.S. Census Bureau with a lag of several weeks.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for United States (XTNTVA01USA664S), retrieved from FRED.