United States Balance of Trade  1950-2018 | Data | Chart | Calendar

The US trade deficit narrowed sharply to USD 43.1 billion in May 2018 from a revised USD 46.1 billion in the previous month and below market expectations of USD 43.7 billion. It was the smallest trade gap since October 2016. Exports rose 1.9 percent to a record high and imports increased at a slower 0.4 percent. The politically sensitive goods trade deficit with China surged 18.7 percent to USD 33.2 billion and that with Mexico jumped 18.8 percent. Balance of Trade in the United States averaged -14270.75 USD Million from 1950 until 2018, 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




US May Trade Deficit Smallest in 1-1/2 Years


The US trade deficit narrowed sharply to USD 43.1 billion in May 2018 from a revised USD 46.1 billion in the previous month and below market expectations of USD 43.7 billion. It was the smallest trade gap since October 2016.

Exports of goods and services from the US rose USD 4.1 billion from the previous month, or 1.9 percent, to a record USD 215.3 billion in May. Goods exports increased USD 3.7 billion to USD 144.9 billion, mainly driven by higher sales of soybeans (up USD 2.0 billion) and civilian aircraft (up USD 1.9 billion). Exports of industrial supplies and materials, however, slumped USD 1.3 billion, due to a decline in sales of other petroleum products (down USD 0.9 billion). Exports of services increased USD 0.4 billion to USD 70.4 billion in May.

Imports of goods and services to the US increased USD 1.1 billion, or 0.4 percent, to USD 258.4 billion in May. Goods imports rose USD 1.1 billion to USD 210.7 billion, due to higher purchases of capital goods (up USD 2.1 billion), such as telecommunications equipment, computers, civilian aircraft parts and civilian aircraft engines. By contrast, imports of pharmaceutical preparations dropped USD 0.6 billion. Imports of services decreased USD 0.1 billion to USD 47.7 billion.

The politically sensitive goods deficit with China surged 18.7 percent to USD 33.2 billion in May (vs USD 28.0 billion in April). Also, the trade gap with Mexico rose 18.8 percent to USD 6.7 billion (vs 5.7 billion in April) and that with Canada jumped 86.2 percent to USD 1.5 billion (vs USD 0.8 billion). Meanwhile, the trade deficit narrowed with the EU (USD 13.4 billion vs USD 14.6 billion) and with Japan (USD 5.5 billion vs USD 6.3 billion).

On a non-seasonally adjusted basis, exports rose to Japan (5.9 percent), Canada (4.4 percent), the EU (4.3 percent), China (3.3 percent) and Mexico (1.2 percent). Imports grew from China (14.6 percent), Canada (6.9 percent) and Mexico (4.8 percent), but fell from Japan (-3.7 percent) and the EU (-0.2 percent).



BEA | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/6/2018 1:08:36 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-03 12:30 PM Balance of Trade $-49B $-57.7B $-50B $ -57.8B
2018-06-06 12:30 PM Balance of Trade $-46.2B $-47.2B $-49B $ -50B
2018-07-06 12:30 PM Balance of Trade $-43.1B $-46.1B $-43.7B $ -45.5B
2018-08-03 12:30 PM Balance of Trade $-43.1B $ -39B
2018-09-05 12:30 PM Balance of Trade $ -37.3B
2018-10-05 12:30 PM Balance of Trade $ -35.5B


United States Trade Last Previous Highest Lowest Unit
Balance of Trade -43053.00 -46081.00 1946.00 -67823.00 USD Million [+]
Exports 215328.00 211237.00 215328.00 772.00 USD Million [+]
Imports 258381.00 257317.00 261613.00 577.00 USD Million [+]
Current Account -124105.00 -116148.00 9957.00 -215769.00 USD Million [+]
Current Account to GDP -2.40 -2.40 0.20 -6.00 percent [+]
External Debt -7888082.00 -7845809.00 -1232107.00 -8217356.00 USD Million [+]
Terms of Trade 98.39 99.85 168.28 91.82 Index Points [+]
Capital Flows 138700.00 -38490.00 272938.00 -193364.00 USD Million [+]
Foreign Direct Investment 45701.00 46429.00 47465.00 -9988.00 USD Million [+]
Net Long Term Tic Flows 93900.00 61838.00 157830.00 -72882.00 USD Million [+]
Gold Reserves 8134.00 8134.00 8149.05 8133.46 Tonnes [+]
Crude Oil Production 10467.00 10474.00 10474.00 3971.00 BBL/D/1K [+]
Terrorism Index 5.43 4.88 7.39 3.70 [+]
Tourism Revenues 21465.00 21380.00 21476.00 6496.00 USD Million [+]
Tourist Arrivals 6145476.00 7750318.00 8364940.00 2095665.00 [+]
Weapons Sales 12394.00 10304.00 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 2017, the biggest trade deficits were recorded with China, Mexico, Japan, Germany, Vietnam, Ireland and Italy and the biggest trade surpluses with Hong Kong, Netherlands, United Arab Emirates, Belgium, Australia, Singapore and Brazil. Mexico is the United States' 2nd largest export market and the 3rd largest supplier of imports. 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-43053.00 -46081.00 1946.00 -67823.00 1950 - 2018 USD Million Monthly
SA




balance of trade by Country
Country Last
Australia 827.00 May/18
Brazil 5881.58 Jun/18
Canada -2771.20 May/18
China 416.13 Jun/18
Euro Area 16514.10 May/18
France -6005.00 May/18
Germany 19669.00 May/18
India -16600.00 Jun/18
Indonesia 1742.60 Jun/18
Italy 3377.54 May/18
Japan -578.32 May/18
Mexico -1587.00 May/18
Netherlands 5030.00 May/18
Russia 15151.00 May/18
South Korea 6331.21 Jun/18
Spain -3050045.00 Apr/18
Switzerland 2255.00 May/18
Turkey -7759.34 May/18
United Kingdom -2790.00 May/18
United States -43053.00 May/18


Related

Latest