The US goods trade deficit widened to USD 88.1 billion in May of 2021, from a revised USD 85.7 billion in the previous month, the advance estimate showed. Exports rose 1.1 percent to $144.3 billion, as strong sales of capital goods (4.9 percent) and industrial supplies (1.6 percent) partly offset a 4.7 percent plunge in those of autos. Meanwhile, imports fell 1.9 percent to $232.4 billion, amid lower purchases of consumer goods (-3.9 percent) and autos (-3.5 percent). source: U.S. Census Bureau
Goods Trade Balance in the United States averaged -22098.98 USD Million from 1955 until 2021, reaching an all time high of 1492.20 USD Million in June of 1975 and a record low of -91917 USD Million in March of 2021. This page provides - United States Goods Trade Balance- actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Goods Trade Balance - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Goods Trade Balance in the United States is expected to be -85000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Goods Trade Balance in the United States to stand at -73000.00 in 12 months time. In the long-term, the United States Goods Trade Balance is projected to trend around -74500.00 USD Million in 2022, according to our econometric models.