The US trade deficit narrowed sharply to $67.1 billion in October of 2021 from a record high $81.4 billion gap in September and in line with market forecasts of $66.8 billion. It is the lowest trade deficit in 6 months as exports jumped 8.1% to a record $223.6 billion, prompted by shipments of crude oil, nonmonetary gold, civilian aircraft, industrial machines, soybeans, autos and gem diamonds. Sales however fell for pharmaceuticals. Imports edged up a meagre 0.9% but also touched a fresh all-time high of $290.7 billion, boosted by passenger cars, gem diamonds, cell phones. In contrast, purchases declined for organic chemicals, semiconductors and civilian aircraft. The deficit with China decreased $3.2 billion to $28.3 billion. The gap with the EU also narrowed $2.1 billion to $16.6 billion but the deficit with Mexico widened $0.8 billion to $9.7 billion. source: Bureau of Economic Analysis (BEA)

Balance of Trade in the United States averaged -16181.38 USD Million from 1950 until 2021, reaching an all time high of 1946 USD Million in June of 1975 and a record low of -81400 USD Million in September 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 December of 2021.

Balance of Trade in the United States is expected to be -82000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Balance of Trade is projected to trend around -49000.00 USD Million in 2022 and -55000.00 USD Million in 2023, according to our econometric models.

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United States Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-11-04 12:30 PM Sep $-80.9B $-72.8B $-80.5B $ -75B
2021-12-07 01:30 PM Oct $-67.1B $-81.4B $-66.8B $-66B
2022-01-06 01:30 PM Nov


Related Last Previous Unit Reference
Balance of Trade -67116.00 -81435.00 USD Million Oct/21
Current Account -190282.00 -189424.00 USD Million Jun/21
Exports 223633.00 206796.00 USD Million Oct/21
Imports 290749.00 288232.00 USD Million Oct/21
Goods Trade Balance -83196.00 -97009.00 USD Million Oct/21

News Stream
US Trade Gap Narrows to 6-Month Low
The US trade deficit narrowed sharply to $67.1 billion in October of 2021 from a record high $81.4 billion gap in September and in line with market forecasts of $66.8 billion. It is the lowest trade deficit in 6 months as exports jumped 8.1% to a record $223.6 billion, prompted by shipments of crude oil, nonmonetary gold, civilian aircraft, industrial machines, soybeans, autos and gem diamonds. Sales however fell for pharmaceuticals. Imports edged up a meagre 0.9% but also touched a fresh all-time high of $290.7 billion, boosted by passenger cars, gem diamonds, cell phones. In contrast, purchases declined for organic chemicals, semiconductors and civilian aircraft. The deficit with China decreased $3.2 billion to $28.3 billion. The gap with the EU also narrowed $2.1 billion to $16.6 billion but the deficit with Mexico widened $0.8 billion to $9.7 billion.
2021-12-07
US Trade Gap at Fresh Record
The US trade deficit widened to a fresh record high of $80.9 billion in September of 2021, slightly higher than market forecasts of $80.5 billion, amid fall in exports while imports jumped to an all-time high. September exports were $207.6 billion, down by 3% from August, mainly due to nonmonetary gold, crude oil, other petroleum products, semiconductors, civilian aircraft engines and computer accessories while sales of consumer goods increased, namely pharmaceutical preparations. Imports meanwhile edged up 0.6% to a record $288.5 billion, mainly due to computers, electric apparatus, industrial supplies and materials, organic chemicals and cell phones and other household goods. The deficit with China increased $3.4 billion to $31.5 billion and the gap with Mexico widened by $2.3 billion to $8.8 billion.
2021-11-04
US Trade Gap Hits Fresh Record High
The trade deficit in the US widened to a record high of $73.3 billion in August of 2021, higher than market forecasts of $70.5 billion. Exports edged up 0.5% to $213.7 billion, the highest since May of 2019, boosted by sales of nonmonetary gold and natural gas while shipments fell for autos and parts, civilian aircrafts, corn and travel. Imports were up 1.4% to a new all-time high of $287 billion, namely pharmaceutical preparations, toys, games, organic chemicals, transport and travel. The deficit with China increased $3.1 billion to $28.1 billion. The deficit with Canada increased $1.4 billion to $5.1 billion while the deficit with Mexico decreased $1.9 billion to $6.6 billion.
2021-10-05

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 2018, the biggest trade deficits were recorded with China, Mexico, Germany, Japan, Ireland, Vietnam and Italy and the biggest trade surpluses with Hong Kong, Netherlands, Australia, United Arab Emirates, Belgium, Brazil and Panama. China is the top trading partner, accounting for 16 percent of total trade, followed by Canada (15 percent) and Mexico (15 percent).