United States Balance of Trade 1950-2015 | Data | Chart | Calendar

The United States recorded a trade deficit of 39001 USD Million in November of 2014. Balance of Trade in the United States averaged -12747.81 USD Million from 1950 until 2014, 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. Balance of Trade in the United States is reported by the U.S. Census Bureau.

      Forecast    
United States Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-39001.00 -42249.00 1946.00 -67823.00 1950 - 2014 USD Million Monthly
SA
The United States has been running consistent trade deficits since 1976 due to high imports of oil and consumer products. In recent years, the biggest trade deficits were recorded with China, Japan, Germany and Mexico. United States records trade surpluses with Hong Kong, Netherlands, United Arab Emirates and Australia. This page provides - United States Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - United States Balance of Trade - was last refreshed on Monday, January 26, 2015.


US Trade Deficit at 11-Month Low


The US trade gap decreased to USD 39 billion in November of 2014 from a revised USD 42.3 billion in the previous month. It is the lowest trade deficit since December of 2013 supported by a fall in crude oil imports.

In November, imports declined by 2.2 percent to USD 235.4 billion. Imports of goods fell by USD 5.2 billion to USD 195 billion with crude oil and fuel oil decreasing by USD 2.2 billion and USD 0.7 billion respectively. Imports of services went down less than USD 0.1 billion. A decrease in travel (for all purposes including education) was mostly offset by increases in several categories of services.

In November, exports declined by 1 percent to USD 196.4 billion. Exports of goods decreased by USD 1.8 billion to USD 136.7 billion hit by drop in shipments of civilian aircraft and generators (USD 1.1 billion) and generators, transformers, and accessories (USD 0.3 billion). Exports of services declined USD 0.1 billion. The decrease mostly reflected lower transport sales (USD 0.1 billion), including freight and port services and passenger fares.

The November figures show surpluses with South and Central America (USD 4.3 Billion) and Brazil (USD 0.6). Deficits were recorded with China (USD 29.8), European Union (USD 12.7), Germany (USD 6.3), Japan (USD 5.6), Mexico (USD 4.4), South Korea (USD 2.9), Italy, India, France, Canada, Saudi Arabia and United Kingdom.

Year-to-date, the goods and services deficit increased USD 22.3 billion, or 5.1 percent, from the same period in 2013. Exports increased USD 60.0 billion or 2.9 percent. Imports increased USD 82.4 billion or 3.3 percent.

BEA | Joana Taborda | joana.taborda@tradingeconomics.com
1/7/2015 3:51:23 PM


Recent Releases

US Trade Deficit Narrows in October
US trade gap narrowed by 0.4 percent to $43.4 billion from the prior month’s revised $43.6 billion as exports and imports increased. Published on 2014-12-05

US Trade Deficit Widens in September
The US trade gap increased to USD 43.03 billion in September compared with a revised USD 39.99 billion shortfall in August, as exports decreased to a five-month low. Published on 2014-11-04


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-04 01:30 PM
Balance of Trade  Sep
$ -43.03B $ -39.99B (R) $ -40.0B $ -41.2B
2014-12-05 01:30 PM
Balance of Trade  Oct
$-43.4B $ -43.6B (R) $ -41.2B $ -42.9B
2015-01-07 01:30 PM
Balance of Trade  Nov
$ -39B $-42.25B (R) $-42B $ -43.8B
2015-02-05 01:30 PM
Balance of Trade  Dec
$ -39B $ -40.7B
2015-03-06 01:30 PM
Balance of Trade  Jan
$ -41.3B
2015-04-02 01:30 PM
Balance of Trade  Feb
$ -41.9B


United States Trade Last Previous Highest Lowest Unit
Balance of Trade -39001.00 -42249.00 1946.00 -67823.00 USD Million [+]
Exports 196357.00 198320.00 198570.00 772.00 USD Million [+]
Imports 235359.00 240570.00 240570.00 577.00 USD Million [+]
Current Account -100255.00 -98417.00 9957.00 -216063.00 USD Million [+]
Current Account to GDP -2.30 -2.70 0.20 -6.00 percent [+]
External Debt -6157895.00 -5445100.00 -1232107.00 -6157895.00 USD Million [+]
Terms of Trade 97.37 97.67 167.10 91.05 Index Points [+]
Foreign Direct Investment 40916.00 41969.00 46165.00 -9988.00 USD Million [+]
Capital Flows -6341.00 179544.00 272938.00 -153035.00 USD Million [+]
Net Long Term Tic Flows 33526.00 -1353.00 160371.00 -72882.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 9046.00 8864.00 10044.00 3983.00 BBL/D/1K [+]
Tourist Arrivals 6125343.00 8381604.00 8381604.00 2095665.00 Persons [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -925.00 Nov/14 -877.00 2219.00 -3897.00 AUD Million [+]
Brazil 293.00 Dec/14 -2350.52 5659.37 -4058.14 USD Million [+]
Canada -644.30 Nov/14 -327.00 8524.80 -2902.90 CAD Million [+]
China 496.13 Dec/14 544.76 544.76 -319.71 USD Hundred Million [+]
Euro Area 19954.00 Nov/14 23646.00 23646.00 -16638.00 EUR Million [+]
France -3236.00 Nov/14 -4270.00 2674.00 -7086.00 EUR Million [+]
Germany 17883.46 Nov/14 22100.00 23400.00 -535.91 EUR Million [+]
India -9430.00 Dec/14 -16861.10 258.90 -20210.90 USD Million [+]
Indonesia -425.70 Nov/14 20.00 4641.92 -2329.13 USD Million [+]
Italy 3541.23 Nov/14 5396.00 6923.00 -6389.30 EUR Million [+]
Japan -660.70 Dec/14 -893.52 1608.67 -2795.04 JPY Billion [+]
Mexico -1076.36 Nov/14 143.00 1710.25 -3292.30 USD Million [+]
Netherlands 4531.00 Nov/14 4849.00 4948.70 -907.60 EUR Million [+]
Russia 13359.00 Nov/14 14222.00 20356.00 -185.00 USD Million [+]
South Korea 5780.00 Dec/14 5510.00 7380.00 -4043.45 USD Million [+]
Spain -1555245.00 Nov/14 -2240060.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.33 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -8316.49 Nov/14 -6273.41 24.51 -10453.06 USD Million [+]
United Kingdom -1406.00 Nov/14 -2246.00 2946.00 -5397.00 GBP Million [+]
United States -39001.00 Nov/14 -42249.00 1946.00 -67823.00 USD Million [+]