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

The U.S. trade deficit increased to a six-month high of USD 53.2 billion in August as exports dropped further amid declining soybean shipments and imports hit a record high amid stronger demand for cars, industrial supplies and petroleum. Balance of Trade in the United States averaged -14396.36 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
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US Trade Deficit Jumps to 6 Month High


The U.S. trade deficit increased to a six-month high of USD35.2 billion in August as exports dropped further amid declining soybean shipments and imports hit a record high amid stronger demand for cars, industrial supplies and petroleum.

Exports of goods and services fell 0.8 per cent to $209.4 billion in August. Soybean exports dropped $1.0 billion and shipments of crude oil fell $0.9 billion. 

Imports of goods and services increased 0.6 per cent to a record $262.7 billion in August. They were boosted by imports of motor vehicles, which were the highest on record, and cellphones. There were also increases in petroleum imports.

The August increase in the goods and services deficit reflected an increase in the goods deficit of $3.6 billion to $76.7 billion and an increase in the services surplus of $0.4 billion to $23.5 billion. The politically sensitive goods trade deficit with China surged 4.7 per cent to a record high of $38.6 billion.

Year-to-date, the goods and services deficit increased $31.0 billion, or 8.6 percent, from the same period in 2017. Exports increased $129.6 billion or 8.4 percent. Imports increased $160.6 billion or 8.4 percent.


Anna | anna@tradingeconomics.com
10/5/2018 12:55:14 PM


Recent Releases

US Trade Gap Rises The Most in 3 Years
The US trade deficit widened by 9.5 percent to USD 50.1 billion in July of 2018 from a downwardly revised USD 45.7 billion in the previous month and slightly below market expectations of USD 50.3 billion. It is the highest trade gap in five months as imports hit a new record high and exports of soybeans and civilian aircraft fell sharply.
Published on 2018-09-05

US Trade Deficit Widens Sharply in June
The US trade deficit widened 7.3 percent to USD 46.3 billion in June 2018 from a revised USD 43.2 billion in the previous month and below market expectations of USD 46.5 billion.
Published on 2018-08-03

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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.
Published on 2018-07-06

US Trade Gap at 7-Month Low
The US trade deficit narrowed to USD 46.2 billion in April of 2018 from a downwardly revised USD 47.2 billion in March, below market expectations of a USD 49 billion gap. It is the lowest trade deficit in seven months as exports hit a record high boosted by sales of industrial materials and soybeans. Imports edged down 0.2 percent.
Published on 2018-06-06



Calendar GMT Actual Previous Consensus TEForecast
2018-08-03 12:30 PM Balance of Trade $-46.3B $-43.2B $-46.5B $ -41B
2018-09-05 12:30 PM Balance of Trade $-50.1B $-45.7B $-50.3B $ -44.8B
2018-10-05 12:30 PM Balance of Trade $-53.2B $-50B $-53.5B $ -50.3B
2018-11-02 12:30 PM Balance of Trade $-53.2B $ -55B
2018-12-06 01:30 PM Balance of Trade $ -56.7B


United States Trade Last Previous Highest Lowest Unit
Balance of Trade -53237.00 -50037.00 1946.00 -67823.00 USD Million [+]
Exports 209433.00 211104.00 214668.00 772.00 USD Million [+]
Imports 262670.00 261141.00 262670.00 577.00 USD Million [+]
Current Account -101460.00 -121710.00 9957.00 -215769.00 USD Million [+]
Current Account to GDP -2.40 -2.40 0.20 -6.00 percent [+]
External Debt 19306582.00 19180854.00 19306582.00 6570168.00 USD Million [+]
Terms of Trade 106.98 98.39 168.28 91.82 Index Points [+]
Capital Flows 52174.00 189669.00 272938.00 -193364.00 USD Million [+]
Foreign Direct Investment 47253.00 45701.00 48155.00 -9988.00 USD Million [+]
Net Long Term Tic Flows 74804.00 -36459.00 157830.00 -72882.00 USD Million [+]
Gold Reserves 8133.46 8134.00 8149.05 8133.46 Tonnes [+]
Crude Oil Production 10964.00 10674.00 10964.00 3971.00 BBL/D/1K [+]
Terrorism Index 5.43 4.88 7.39 3.70 [+]
Tourism Revenues 21359.00 21401.00 21429.00 6496.00 USD Million [+]
Tourist Arrivals 6907642.00 6620845.00 8364941.00 2094287.00 [+]
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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-53237.00 -50037.00 1946.00 -67823.00 1950 - 2018 USD Million Monthly
SA




balance of trade by Country
Country Last
Argentina -1127.00 Aug/18
Australia 1604.00 Aug/18
Brazil 4971.00 Sep/18
Canada 526.10 Aug/18
China 279.10 Aug/18
Euro Area 17555.60 Jul/18
France -5632.00 Aug/18
Germany 17174.00 Aug/18
India -17390.00 Aug/18
Indonesia -1021.40 Aug/18
Italy 5676.00 Jul/18
Japan -444.59 Aug/18
Mexico -2590.00 Aug/18
Netherlands 4612.00 Jul/18
Russia 13402.00 Jul/18
Saudi Arabia 162782.00 Jun/18
Singapore 6755.10 Aug/18
South Africa 8794.70 Aug/18
South Korea 9746.00 Sep/18
Spain -3247700.00 Jul/18
Switzerland 1407.94 Aug/18
Turkey -2421.79 Aug/18
United Kingdom -111.00 Jul/18
United States -53237.00 Aug/18


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