The US goods trade deficit narrowed to USD 82.9 billion in October 2021 from an upwardly revised series high of a USD 97 billion trade gap in September, the advance estimate showed. Exports of goods increased 10.7 percent to USD 157.4 billion, led by higher sales of foods, feeds, & beverages (16.6 percent), automotive vehicles (14.4 percent), and industrial supplies (11.9 percent). Imports rose 0.5 percent to USD 240.3 billion, boosted by purchases of automotive vehicles (5.7 percent), and foods, feeds, & beverages (1.9 percent), while purchases of industrial supplies declined 1.2 percent. source: U.S. Census Bureau

Goods Trade Balance in the United States averaged -22518.58 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 -97030 USD Million in September 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 December of 2021.

Goods Trade Balance in the United States is expected to be -93000.00 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 Goods Trade Balance is projected to trend around -74500.00 USD Million in 2022, according to our econometric models.

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United States Goods Trade Balance


Calendar GMT Actual Previous Consensus TEForecast
2021-10-27 12:30 PM Sep $-96.25B $-88.16B $-87B
2021-11-24 01:30 PM Oct $-82.89B $-97.03B $-96B
2021-12-29 01:30 PM Nov $-82.89B


Related Last Previous Unit Reference
Exports 207558.00 214004.00 USD Million Sep/21
Imports 288492.00 286816.00 USD Million Sep/21
Goods Trade Balance -82890.00 -97030.00 USD Million Oct/21
Oil Exports 5369.37 6321.74 USD Million Sep/21

News Stream
US Goods Trade Gap Narrows in October
The US goods trade deficit narrowed to USD 82.9 billion in October 2021 from an upwardly revised series high of a USD 97 billion trade gap in September, the advance estimate showed. Exports of goods increased 10.7 percent to USD 157.4 billion, led by higher sales of foods, feeds, & beverages (16.6 percent), automotive vehicles (14.4 percent), and industrial supplies (11.9 percent). Imports rose 0.5 percent to USD 240.3 billion, boosted by purchases of automotive vehicles (5.7 percent), and foods, feeds, & beverages (1.9 percent), while purchases of industrial supplies declined 1.2 percent.
2021-11-24
US Posts Largest Goods Trade Gap on Record
The US goods trade deficit widened to USD 96.25 billion in September 2021, the largest gap since the series began in 1955, the advance estimate showed. Exports declined 4.7 percent, led by falls in sales of industrial supplies (-9.9 percent), capital goods (-3.6 percent), automotive vehicles (-2.0 percent), and foods, feeds, & beverages (-1.7 percent). Imports rose 0.5 percent, boosted by purchases of capital goods (3.6 percent), and industrial supplies (1.2 percent). Meanwhile, imports of vehicles and consumer goods were down 7.7 percent and 0.7 percent, respectively.
2021-10-27
US Goods Gap Widens in August
The goods trade deficit in the US increased to $87.6 billion in August of 2021 from $86.8 billion in July. Imports rose 0.8% mom to $236.6 billion, led by consumer goods (4.6%) and industrial supplies (3%). Exports went up at a slightly slower 0.7% to $149 billion, pushed up by sales of industrial supplies (5.9%) while shipments of capital goods declined 1.5%.
2021-09-28

United States Goods Trade Balance
In the US, goods trade balance is equal to goods exports less goods imports.