The US trade gap narrowed to $68.9 billion in April of 2021 from a record high $75 billion gap in March and in line with market expectations. Exports were up 1.1% to $205 billion, due to civilian aircraft ($1.4 billion), crude oil ($1.0 billion), other petroleum products ($0.6 billion), fuel oil ($0.5 billion), travel ($0.2 billion) and transport ($0.2 billion). Imports dropped 1.4% to $273.9 billion due to other textile apparel and household goods ($-0.9 billion), toys, games, and sporting goods ($-0.7 billion), household appliances ($-0.7 billion), automotive parts and accessories ($-0.7 billion) and passenger cars ($-0.5 billion). The deficit with China decreased $7.1 billion to $32.4 billion as exports were up and imports declined. source: Bureau of Economic Analysis (BEA)
Balance of Trade in the United States averaged -15798.91 USD Million from 1950 until 2021, reaching an all time high of 1946 USD Million in June of 1975 and a record low of -75025 USD Million in March of 2021. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Balance of Trade in the United States is expected to be -63000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in the United States to stand at -52000.00 in 12 months time. In the long-term, the United States Balance of Trade is projected to trend around -63000.00 USD Million in 2022 and -55000.00 USD Million in 2023, according to our econometric models.