United States Balance of Trade  1950-2017 | Data | Chart | Calendar

The trade deficit in the United States widened to USD 43.5 billion in September 2017 from an upwardly revised USD 42.8 billion in August and compared to market expectations of a USD 43.2 billion gap. Exports rose 1.1 percent to the highest since December of 2014 while imports increased at a slightly faster 1.2 percent. Balance of Trade in the United States averaged -13934.08 USD Million from 1950 until 2017, reaching an all time high of 1946 USD Million in June of 1975 and a record low of -67823 USD Million in August of 2006.

United States Balance of Trade
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US Trade Gap Slightly Higher than Expected


The trade deficit in the United States widened to USD 43.5 billion in September 2017 from an upwardly revised USD 42.8 billion in August and compared to market expectations of a USD 43.2 billion gap. Exports rose 1.1 percent to the highest since December of 2014 while imports increased at a slightly faster 1.2 percent.

Exports went up 1.1 percent month-over-month to USD 196.8 billion, reaching the highest value since December of 2014. Exports of goods increased USD 1.8 billion to USD 130.6 billion, also the highest since December of 2014: industrial supplies and materials rose USD 1.9 billion; crude oil went up USD 1.1 billion; nonmonetary gold increased USD 0.3 billion and other goods rose USD 0.8 billion. In contrast, sales of consumer goods decreased 0.2 billion and pharmaceutical preparations went down USD 1.0 billion. Exports of services increased USD 0.3 billion to a record high of USD 66.2 billion in September, with transport rising USD 0.3 billion.

Imports jumped 1.2 percent month-over-month to USD 240.3 billion, recovering from an upwardly revised 0.2 percent drop in August. Imports of goods increased USD 2.4 billion to USD 196.0 billion: capital goods surged USD 1.5 billion; semiconductors increased USD 0.5 billion; civilian aircraft rose USD 0.3 billion; industrial supplies and materials went up USD 1.1 billion and other petroleum products increased USD 0.7 billion. In contrast, purchases of automotive vehicles, parts, and engines decreased USD 0.6 billion and those of passenger cars fell USD 0.5 billion. Imports of services increased USD 0.4 billion to USD 44.3 billion in September: transport went up USD 0.3 billion.

On a non-seasonally adjusted basis, exports went up to OPEC (26.8 percent), Japan (10.3 percent) and the European Union (3.8 percent) but fell to Mexico (-3.7 percent), China (-1.1 percent) and Canada (-0.2 percent). Imports declined from all main import patners, namely China (-0.8 percent), Canada (-2.4 percent) and  Mexico (-4.6 percent). As a result, the US trade deficit narrowed with all main trading partners: China (USD -34.6 billion from USD -34.89 billion), the EU (USD -11.4 billion from USD -12.4 billion); Mexico (USD -5.7 billion from USD -6.2 billion); Japan (USD -4.8 billion from USD -6.5 billion) and Canada (USD -0.25 billion from USD -0.8 billion). 


BEA | Joana Taborda | joana.taborda@tradingeconomics.com
11/3/2017 1:38:36 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-06 12:30 PM Balance of Trade $-43.7B $-43.5B $-44.6B $ -44.2B
2017-10-05 12:30 PM Balance of Trade $-42.40B $-43.60B $-42.70B $ -43B
2017-11-03 12:30 PM Balance of Trade $-43.50B $-42.80B $-43.2B $ -44B
2017-12-05 01:30 PM Balance of Trade $-43.50B $ -45B


United States Trade Last Previous Highest Lowest Unit
Balance of Trade -43495.00 -42765.00 1946.00 -67823.00 USD Million [+]
Exports 196816.00 194745.00 200144.00 772.00 USD Million [+]
Imports 240311.00 237509.00 242243.00 577.00 USD Million [+]
Current Account -123137.00 -113533.00 9957.00 -215769.00 USD Million [+]
Current Account to GDP -2.60 -2.60 0.20 -6.00 percent [+]
External Debt -7934901.00 -8217356.00 -1232107.00 -8217356.00 USD Million [+]
Terms of Trade 100.19 99.01 168.28 91.82 Index Points [+]
Capital Flows -51336.00 130160.00 272938.00 -205366.00 USD Million [+]
Foreign Direct Investment 46199.00 38357.00 47465.00 -9988.00 USD Million [+]
Net Long Term Tic Flows 80913.00 73185.00 160371.00 -72882.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 9203.00 9238.00 10044.00 3983.00 BBL/D/1K [+]
Tourism Revenues 20828.00 20983.00 20983.00 6496.00 USD Million [+]
Tourist Arrivals 6507601.00 7958601.00 8364940.00 2095665.00 [+]
Terrorism Index 5.43 4.88 7.39 3.70 [+]
Weapons Sales 9894.00 10184.00 16071.00 1769.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



United States Balance of Trade

The United States has been running consistent trade deficits since 1976 due to high imports of oil and consumer products. In recent years, the biggest trade deficits were recorded with China, Japan, Germany and Mexico. United States records trade surpluses with Hong Kong, Netherlands, United Arab Emirates and Australia. Mexico is the United States' 2nd largest export market and the 3rd largest supplier of imports. Main exports include nuclear reactors, boilers, machinery (around 18% of total sales); electrical, electronic equipment (18%); vehicles other than railway, tramway (10%); mineral fuels (8%) and plastics (7%). Main imports from Mexico include vehicles other than railway, tramway (25% of total imports); electrical, electronic equipment (20%); nuclear reactors, boilers, machinery (15%); mineral fuels (5%). Mexico is also the US third largest export market for agricultural products including corn, soybeans, dairy products, pork and beef and is the second largest source of imported agricultural goods including fresh vegetables, fresh fruit, wine and beer, snack foods and processed fruit & vegetables. In 2016, the US recorded a USD 59 billion trade deficit with Mexico. This page provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Balance of Trade - actual data, historical chart and calendar of releases - was last updated on November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-43495.00 -42765.00 1946.00 -67823.00 1950 - 2017 USD Million Monthly
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balance of trade by Country
Country Last
Australia 1745.00 Sep/17
Brazil 5201.00 Oct/17
Canada -3179.70 Sep/17
China 381.74 Oct/17
Euro Area 26364.90 Sep/17
France -4669.00 Sep/17
Germany 24100.00 Sep/17
India -14018.80 Oct/17
Indonesia 895.00 Oct/17
Italy 3989.78 Sep/17
Japan 285.36 Oct/17
Mexico -1886.40 Sep/17
Netherlands 6258.00 Sep/17
Russia 10222.00 Sep/17
South Korea 7300.00 Oct/17
Spain -2147708.00 Oct/17
Switzerland 2333.39 Oct/17
Turkey -8134.57 Sep/17
United Kingdom -2754.00 Sep/17
United States -43495.00 Sep/17