United States Balance of Trade  1950-2016 | Data | Chart | Calendar

The trade gap in the United States widened to USD 41.14 billion in May of 2016 from a USD 37.4 billion deficit in the previous month. Figures came worse than market expectations of a USD 40 billion shortfall as exports shrank 0.2 percent hurt by a stronger dollar and imports rose 1.6 percent due to higher oil prices. Balance of Trade in the United States averaged -13309.01 USD Million from 1950 until 2016, 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.

United States Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
-41144.00 -37383.00 1946.00 -67823.00 1950 - 2016 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 the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Balance of Trade - actual data, historical chart and calendar of releases - was last updated on July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-04 12:30 PM Mar $-40.44B $-46.96B $-41.5B $ -46.6B
2016-06-03 12:30 PM Apr $-37.4B $-35.5B $-41.3B $ -42.8B
2016-07-06 12:30 PM May $-41.14B $-37.4B $-40B $ -37.9B
2016-08-05 12:30 PM Jun $-41.14B $-42B $ -37.6B
2016-09-02 12:30 PM Jul $ -38B
2016-10-05 12:30 PM Aug $ -39B

US Trade Deficit at 3-Month High


The trade gap in the United States widened to USD 41.14 billion in May of 2016 from a USD 37.4 billion deficit in the previous month. Figures came worse than market expectations of a USD 40 billion shortfall as exports shrank 0.2 percent hurt by a stronger dollar and imports rose 1.6 percent due to higher oil prices.

The widening of the goods and services deficit reflects a higher goods gap (up $3.7 billion to $62.2 billion) and a narrow services surplus (down $0.1 billion to $21.1 billion).

Total exports edged down 0.2 percent to $182. 35 billion, following a 1.4 percent rise in the previous month. Exports of goods decreased $0.2 billion to $119.8 billion: capital goods went down $0.8 billion; civilian aircraft decreased $0.4 billion; computer accessories fell $0.3 billion; automotive vehicles, parts, and engines went down $0.3 billion and other parts and accessories dropped $0.3 billion. In contrast, sales of foods, feeds, and beverages increased $0.5 billion. Exports of services decreased $0.1 billion to $62.5 billion in May: travel (for all purposes including education) declined $0.2 billion while financial services rose $0.1 billion.

Sales to the European Union fell 4.2 percent, with those to the UK down 15.6 percent. Exports to Mexico shrank 1.8 percent, China fell 1.7 percent and those to Canada declined 1.5 percent. In contrast, sales to Japan surged 11.5 percent. 

Total imports rose 1.6 percent to $223.5 billion, following a 2 percent surge in April. Imports of goods increased $3.4 billion to $182.1 billion: industrial supplies and materials rose $2.3 billion; nonmonetary gold went up $1.0 billion; crude oil increased $0.7 billion and consumer goods were up $1.3 billion. In contrast, capital goods decreased $0.9 billion and civilian aircraft fell $0.9 billion. Imports of services were nearly unchanged at $41.4 billion in May.

Imports from China rose 13.8 percent, those from Canada went up 2.3 percent and from the European Union purchases grew 1.6 percent. 

Year-to-date, the goods and services deficit decreased $7.2 billion, or 3.5 percent, from the same period in 2015. Exports decreased $47.2 billion or 4.9 percent and imports fell $54.3 billion or 4.7 percent.


BEA | Joana Taborda | joana.taborda@tradingeconomics.com
7/6/2016 2:12:37 PM

United States Trade Last Previous Highest Lowest Unit
Balance of Trade -41144.00 -37383.00 1946.00 -67823.00 USD Million [+]
Exports 182354.00 182668.00 200236.00 772.00 USD Million [+]
Imports 223498.00 220051.00 241483.00 577.00 USD Million [+]
Current Account -124671.00 -113406.00 9957.00 -216063.00 USD Million [+]
Current Account to GDP -2.70 -2.20 0.20 -6.00 percent [+]
External Debt -7525643.00 -7356784.00 -1232107.00 -7525643.00 USD Million [+]
Terms of Trade 99.60 100.03 168.28 91.82 Index Points [+]
Capital Flows -11017.00 93085.00 272938.00 -190792.00 USD Million [+]
Foreign Direct Investment 35823.00 35494.00 46165.00 -9988.00 USD Million [+]
Net Long Term Tic Flows 41139.00 -79622.00 160371.00 -79622.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 8933.00 9127.00 10044.00 3983.00 BBL/D/1K [+]
Tourist Arrivals 6331536.00 6045992.00 8364940.00 2095665.00 [+]
Terrorism Index 4.61 4.61 7.39 3.70 [+]
Weapons Sales 10484.00 10470.00 16120.00 1705.00 USD Million [+]




Last
Afghanistan -7159.00 Dec/15
Albania -28379.00 Jun/16
Algeria -1308.00 Dec/15
Angola 3002.24 Dec/15
Argentina 126.00 Jun/16
Armenia -100.70 Jun/16
Aruba -520.80 Dec/15
Australia -2218.00 May/16
Austria 239.00 Apr/16
Azerbaijan 621706.00 Mar/16
Bahamas -514.90 Dec/15
Bahrain 1513.00 Dec/15
Bangladesh -66.65 Apr/16
Barbados -254822.00 Dec/15
Belarus -235.00 May/16
Belgium 2040.60 May/16
Belize -131.30 Apr/16
Benin -164.32 Mar/16
Bhutan -26021.60 Dec/15
Bolivia -109.57 Feb/16
Bosnia and Herzegovina -539891.56 May/16
Botswana 3307.90 Apr/16
Brazil 3973.00 Jun/16
Brunei 190.90 May/16
Bulgaria -312.60 May/16
Burkina Faso -49.00 Sep/14
Burundi -76937.10 Mar/16
Cambodia -109.60 Feb/16
Cameroon -1054.40 Dec/13
Canada -3276.80 May/16
Cape Verde -4397.50 May/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile -33.00 Jun/16
China 481.08 Jun/16
Colombia -0.90 May/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -511.70 Jun/16
Croatia -4146.70 May/16
Cuba -9578.00 Dec/15
Cyprus -876144.00 May/16
Czech Republic 41538.00 May/16
Denmark 5481.90 May/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -38853.09 May/16
Ecuador 305020.00 May/16
Egypt -2866.00 May/16
El Salvador -411.97 Jun/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -158.60 May/16
Ethiopia -3557.70 Dec/15
Euro Area 24559.40 May/16
European Union 6351.70 May/16
Fiji -262673.00 Dec/15
Finland -100.00 May/16
France -2840.00 May/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -1297.15 Jun/16
Germany 21033.00 May/16
Ghana -773.70 Mar/16
Greece -1508.70 May/16
Guatemala -499.04 Apr/16
Guinea -103.83 Jun/13
Guinea Bissau -23.80 Dec/14
Guyana -77.30 Sep/15
Haiti -179.27 Sep/15
Honduras -372.50 Mar/16
Hong Kong -45595.00 Jun/16
Hungary 238000.00 May/16
Iceland -12300.00 Jun/16
India -8116.20 Jun/16
Indonesia 900.20 Jun/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 3961700.00 May/16
Israel -1459.60 Jun/16
Italy 5033.00 May/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan 692.84 Jun/16
Jordan -762247.00 Apr/16
Kazakhstan 681.90 May/16
Kenya -66307.00 May/16
Kosovo -211003.00 May/16
Kuwait 402.00 Mar/16
Kyrgyzstan -216.90 Mar/16
Laos -488.34 Sep/15
Latvia -160.50 May/16
Lebanon -1373.07 Apr/16
Lesotho -3543.23 Mar/16
Liberia -79.80 Apr/16
Libya -17675.60 Dec/14
Liechtenstein 371580.00 Mar/16
Lithuania -272.50 May/16
Luxembourg -0.39 May/16
Macau -4571042.93 May/16
Macedonia -209476.00 May/16
Madagascar 101517.00 Mar/16
Malawi -31524.80 Sep/15
Malaysia 3300.00 May/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -256269.00 May/16
Mauritania -24.89 Dec/15
Mauritius -6912.00 May/16
Mexico -523.64 Jun/16
Moldova -175.00 May/16
Monaco 7.80 Mar/16
Mongolia 118.00 May/16
Montenegro -167262.00 Jun/16
Morocco -16665.00 Jun/16
Mozambique -1754.40 Dec/15
Myanmar -639.40 Dec/15
Namibia -6141.52 Mar/16
Nepal -58541.90 Dec/15
Netherlands 4339.00 May/16
New Caledonia -11870.00 Mar/16
New Zealand 127.00 Jun/16
Nicaragua -195.00 Apr/16
Niger -441985.00 Sep/15
Nigeria -171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 6971.00 Jun/16
Oman -45.20 Dec/15
Pakistan -294469.00 Jun/16
Palestine -326.70 Mar/16
Panama -971892.17 May/16
Papua New Guinea 3957.00 Dec/15
Paraguay 54678.00 May/16
Peru 65.00 May/16
Philippines -2021440.00 May/16
Poland 127.00 May/16
Portugal -937.00 May/16
Puerto Rico 2091.50 Apr/16
Qatar 8329.00 Jun/16
Republic of the Congo 4092.35 Dec/10
Romania -979.70 May/16
Russia 7530.00 May/16
Rwanda -142.60 May/16
Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 22467.00 Dec/15
Senegal -107.41 May/16
Serbia -402.10 May/16
Seychelles -49.80 May/16
Sierra Leone -33.70 Dec/15
Singapore 5194.70 Jun/16
Slovakia 427.30 May/16
Slovenia 73.02 May/16
Somalia -1473.48 Dec/15
South Africa 18730.94 May/16
South Korea 11600.00 Jun/16
South Sudan -3492.00 Dec/14
Spain -940900.00 May/16
Sri Lanka -620.70 Mar/16
Sudan -489010.00 Mar/16
Suriname -23.00 Mar/16
Swaziland 1217.38 Dec/15
Sweden 1800.00 Jun/16
Switzerland 3546.46 Jun/16
Syria 9394.50 Dec/10
Taiwan 3580.00 Jun/16
Tajikistan -235.60 May/16
Tanzania -223.30 Apr/16
Thailand 1970.00 Jun/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -898.60 Jun/16
Turkey -5054.00 May/16
Turkmenistan 2431.94 Dec/14
Uganda -161.60 May/16
Ukraine 186.70 May/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -2263.00 May/16
United States -41144.00 May/16
Uruguay 96682.00 May/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -100.00 Jul/16
Yemen -2914.30 Dec/13
Zambia -751.30 Apr/16
Zimbabwe -322.86 Mar/16