United States Balance of Trade

The United States recorded a trade deficit of 38839 USD Million in March of 2013. Balance of Trade in the United States is reported by the U.S. Census Bureau. Historically, from 1992 until 2013, the United States Balance of Trade averaged -31991 USD Million reaching an all time high of -831 USD Million in February of 1992 and a record low of -67351 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 includes a chart with historical data for the United States Balance of Trade.

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United States Balance of Trade
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U.S. Trade Deficit Narrows in March
contact@tradingeconomics.com  |  5/2/2013 1:50:05 PM


The U.S. trade deficit narrowed for a second month in March to $38.8 billions as crude oil imports dropped to the lowest level in 17 years.

March exports were $1.7 billion less than February exports of $186.0 billion. March imports were $6.5 billion less than February imports of $229.6 billion.

The February to March decrease in exports of goods reflected decreases in foods, feeds, and beverages ($1.1 billion); automotive vehicles, parts, and engines ($0.3 billion); industrial supplies and materials ($0.3 billion); capital goods ($0.3 billion); and consumer goods ($0.3 billion). An increase occurred in other goods ($0.2 billion).

The February to March decrease in imports of goods reflected decreases in consumer goods ($3.4 billion); capital goods ($1.5 billion); industrial supplies and materials ($1.4 billion); and automotive vehicles, parts, and engines ($0.8 billion). An increase occurred in other goods ($0.9 billion). Foods, feeds, and beverages were virtually unchanged.

ARCHIVE
U.S. Trade Deficit Narrows in February
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced that total February exports of $186.0 billion and imports of $228.9 billion resulted in a goods and services deficit of $43.0 billion, down from $44.5 billion in January, revised. February exports were $1.6 billion more than January exports of $184.4 billion. February imports were $0.1 billion more than January imports of $228.9 billion. 2013-04-05
U.S. Trade Deficit Widens in October
Total October exports of $180.5 billion and imports of $222.8 billion resulted in a goods and services deficit of $42.2 billion, up from $40.3 billion in September, revised. 2012-12-11
U.S. Trade Deficit Narrows in February
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total February exports of $186.0 billion and imports of $228.9 billion resulted in a goods and services deficit of $43.0 billion, down from $44.5 billion in January, revised. February exports were $1.6 billion more than January exports of $184.4 billion. February imports were $0.1 billion more than January imports of $228.9 billion. 2013-04-05
U.S. Trade Defict Narrows in September
Total September exports of $187.0 billion and imports of $228.5 billion resulted in a goods and services deficit of $41.5 billion, down from $43.8 billion in August, revised. 2012-11-08
U.S. Trade Deficit Widens in January
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced on March 7th that total January exports of $184.5 billion and imports of $228.9 billion resulted in a goods and services deficit of $44.4 billion, up from $38.1 billion in December, revised. January exports were $2.2 billion less than December exports of $186.6 billion. January imports were $4.1 billion more than December imports of $224.8 billion. 2013-03-07
U.S. Trade Deficit Widens in August
The United States' August exports of $181.3 billion and imports of $225.5 billion resulted in a goods and services deficit of $44.2 billion, up from $42.5 billion in July, revised. 2012-10-11
U.S. Trade Deficit Narrows in December
Total December exports of $186.4 billion and imports of $224.9 billion resulted in a goods and services deficit of $38.5 billion, down from $48.6 billion in November, revised. December exports were $3.9 billion more than November exports of $182.5 billion. December imports were $6.2 billion less than November imports of $231.1 billion. 2013-02-08
U.S. Trade Deficit Widens in July
U.S. July exports of $183.3 billion and imports of $225.3 billion resulted in a goods and services deficit of $42.0 billion, up from $41.9 billion in June, revised. July exports were $1.9 billion less than June exports of $185.2 billion. July imports were $1.8 billion less than June imports of $227.1 billion. 2012-09-11
United States Trade Deficit Widens in November
The Department of Commerce announced today that total November exports of $182.6 billion and imports of $231.3 billion resulted in a goods and services deficit of $48.7 billion, up from $42.1 billion in October, revised. November exports were $1.7 billion more than October exports of $180.8 billion. November imports were $8.4 billion more than October imports of $222.9 billion. 2013-01-11



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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