The goods trade deficit in the US narrowed to $105.9 billion in April of 2022 from an upwardly revised record high of $125.9 billion in March, as exports increased while imports fell. Exports were up 3.1 percent to a new all-time high of $173.9 billion with the biggest increases reported for foods, feeds & beverages (13.3 percent), industrial supplies (2.7 percent), and capital goods (2.6 percent). In contrast, imports fell by 5.0 percent to $279.9 billion, on lower purchases of industrial supplies (-8.2 percent), consumer goods including motor vehicles (-7.9 percent), and capital goods (-3.9 percent). Such data reflects the overall outperformance of the US economy relative to the rest of the world, with demand outpacing economic activity in many other countries. source: U.S. Census Bureau
Goods Trade Balance in the United States averaged -23139.88 USD Million from 1955 until 2022, reaching an all time high of 1492.20 USD Million in June of 1975 and a record low of -125937 USD Million in March of 2022. 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 2022.
Goods Trade Balance in the United States is expected to be -98000.00 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 2023, according to our econometric models.