United States Balance of Trade

The United States recorded a trade deficit of 42300 USD Million in February of 2014. Balance of Trade in the United States is reported by the U.S. Census Bureau. Balance of Trade in the United States averaged -12384.50 USD Million from 1950 until 2014, reaching an all time high of 1946 USD Million in June of 1975 and a record low of -67235 USD Million in August of 2006. The United States has been running consistent trade deficits since 1980 due to high imports of oil and consumer products. In recent years, the biggest trade deficits were recorded with China, Japan, Germany, Mexico and Saudi Arabia. United States records trade surpluses with Hong Kong, Australia, Netherlands and Belgium. This page provides - United States Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-42300.00 -39280.00 1946.00 -67235.00 -40089.42 | 2014/06 1950 - 2014 USD Million Monthly
SA

TO

United States Balance of Trade
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-07 01:30 PM United States
Balance of Trade
Nov 2013 $-34.254B $-39.33B (R) $-40B $ -42.3B
2014-02-06 01:30 PM United States
Balance of Trade
Dec 2013 $-38.7B $-34.56B (R) $-36.0B $ -37.4B
2014-03-07 01:30 PM United States
Balance of Trade
Jan 2014 $-39.1B $-38.98B (R) $-39.0B $ -38.2B
2014-04-03 01:30 PM United States
Balance of Trade
Feb 2014 $ -42.3B $-39.28B (R) $-38.50B $ -38.3B
2014-05-06 01:30 PM United States
Balance of Trade
Mar 2014 $ -42.3B $ -41B
2014-06-04 01:30 PM United States
Balance of Trade
Apr 2014 $ -40.8B
[+]

Trade Last Previous Highest Lowest Forecast Unit
Exports 190434.00 2014-02-15 192459.00 194644.00 772.00 189912.41 2014-06-30 USD Million [+]
Imports 232734.00 2014-02-15 231740.00 234295.00 577.00 239509.94 2014-06-30 USD Million [+]
Capital Flows 167748.00 2014-02-15 87000.00 272938.00 -153025.00 33770.24 2014-06-30 USD Million [+]
Crude Oil Production 7939.00 2014-01-15 7864.00 10044.00 3983.00 Thousands Barrels per Day [+]
External Debt -4577504.00 2013-12-31 -4165583.00 360347.00 -4577504.00 -4838018.45 2014-06-30 USD Million [+]
Foreign Direct Investment 68145.00 2013-11-15 54321.00 140759.00 -9004.00 64733.42 2014-06-30 USD Million [+]
Net Long-term Tic Flows 85737.00 2014-02-15 7700.00 139697.00 -72882.00 30286.06 2014-06-30 USD Million [+]
Terms of Trade 98.14 2013-11-15 98.07 167.10 91.05 98.68 2014-06-30 Index Points [+]
Current Account to GDP -2.30 2013-12-31 -2.70 0.20 -6.00 -2.12 2014-06-30 Percent [+]
Current Account -81118.00 2013-11-15 -96365.00 9957.00 -214501.00 -77333.92 2014-06-30 USD Million [+]
Balance of Trade -42300.00 2014-02-15 -39280.00 1946.00 -67235.00 -40089.42 2014-06-30 USD Million [+]
[+]


US Trade Deficit Widens 7.7% in February

Total February exports of $190.4 billion and imports of $232.7 billion resulted in a goods and services deficit of $42.3 billion, up from a revised $39.3 billion in January. Exports decreased 1.1 percent over the previous month to their lowest level since September of 2013.

In February, the goods deficit increased $2.2 billion from January to $61.7 billion, and the services surplus decreased $0.8 billion from January to $19.4 billion. 

Exports of goods decreased $2.0 billion to $131.7 billion, and imports of goods increased $0.2 billion to $193.4 billion. Exports of services were virtually unchanged at $58.7 billion, and imports of services increased $0.8 billion to $39.3 billion.

The January to February decrease in exports of goods reflected decreases in industrial supplies and materials ($2.7 billion) and capital goods ($0.9 billion). Increases occurred in consumer goods ($1.2 billion); other goods ($0.6 billion); and automotive vehicles, parts, and engines ($0.1 billion). Foods, feeds, and beverages were virtually unchanged.

The January to February decrease in imports of goods reflected decreases in capital goods ($1.2 billion); industrial supplies and materials ($0.3 billion); and foods, feeds, and beverages ($0.1 billion). Increases occurred in automotive vehicles, parts, and engines ($1.0 billion); consumer goods ($0.1 billion); and other goods ($0.1 billion).

Exports of goods were virtually unchanged from February 2013 to February 2014. Decreases occurred in industrial supplies and materials ($1.8 billion); automotive vehicles, parts, and engines ($0.2 billion); and other goods ($0.1 billion). Increases occurred in consumer goods ($1.5 billion); capital goods ($0.3 billion); and foods, feeds, and beverages ($0.2 billion).

The February 2013 to February 2014 decrease in imports of goods reflected decreases in industrial supplies and materials ($0.9 billion) and consumer goods ($0.9 billion). Increases occurred in automotive vehicles, parts, and engines ($0.9 billion); capital goods ($0.4 billion); and other goods ($0.1 billion). Foods, feeds, and beverages were virtually unchanged. 

The goods and services deficit decreased $1.0 billion from February 2013 to February 2014. Exports were up $3.6 billion, or 1.9 percent, and imports were up $2.6 billion, or 1.1 percent.

U.S. Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
4/3/2014 1:44:51 PM

RECENT RELEASES

US Trade Deficit Widens Slightly In January
Total January exports of $192.5 billion and imports of $231.6 billion resulted in a goods and services deficit of $39.1 billion, up from $39.0 billion in December, revised. January exports were $1.2 billion more than December exports of $191.3 billion. January imports were $1.3 billion more than December imports of $230.3 billion. Published on 2014-03-07

US Trade Deficit Widens In December
December exports of $191.3 billion and imports of $230.0 billion resulted in a goods and services deficit of $38.7 billion, up from $34.6 billion in November, revised. December exports were $3.5 billion less than November exports of $194.8 billion. December imports were $0.6 billion more than November imports of $229.4 billion. Published on 2014-02-06


Balance of Trade | Notes
The balance of trade is the difference between the monetary value of exports and imports in an economy over a certain period of time. A positive balance of trade is known as a trade surplus and occurs when value of exports is higher than that of imports; a negative balance of trade is known as a trade deficit or a trade gap.


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