United States Balance of Trade  1950-2017 | Data | Chart | Calendar

The goods and services deficit in the United States widened to USD 48.5 billion in January of 2017 from a USD 44.3 billion gap a month earlier and in line with market expectations of a USD 48.5 billion shortfall. It is the highest deficit since March of 2012 as imports jumped 2.3 percent due to consumer goods and oil and exports rose at a slower 0.6 percent. Balance of Trade in the United States averaged -13623.90 USD Million from 1950 until 2017, 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.

United States Balance of Trade
Receive the next reported value for United States Balance of Trade in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-06 01:30 PM Nov $-45.2B $-42.4B $-42.5B $-45B
2017-02-07 01:30 PM Dec $-44.3B $-45.7B $-45B $ -45.4B
2017-03-07 01:30 PM Jan $-48.5B $-44.3B $-48.5B $ -46B
2017-04-04 12:30 PM Feb $-48.5B $ -49B
2017-05-04 12:30 PM Mar $ -44.4B
2017-06-02 12:30 PM Apr $ -44.8B




US Trade Gap Largest Since March 2012


The goods and services deficit in the United States widened to USD 48.5 billion in January of 2017 from a USD 44.3 billion gap a month earlier and in line with market expectations of a USD 48.5 billion shortfall. It is the highest deficit since March of 2012 as imports jumped 2.3 percent due to consumer goods and oil and exports rose at a slower 0.6 percent.

The higher deficit reflected an increase in the goods gap of USD 4.0 billion to USD 69.7 billion and a decrease in the services surplus of USD 0.3 billion to USD 21.2 billion.

Total exports rose to USD 192.1 billion, the highest since December of 2014 and following a 2.7 percent jump in December. Industrial supplies and materials increased USD 2.1 billion; other petroleum products went up USD 0.7 billion; crude oil rose USD 0.5 billion; automotive vehicles, parts, and engines increased USD 1.3 billion and passenger cars expanded USD 0.9 billion. In contrast, capital goods decreased USD 1.9 billion and civilian aircraft declined USD 0.6 billion. Exports of services decreased less than USD 0.1 billion to USD 64.1 billion in January.

Sales went up to Mexico (2.2 percent) and Brazil (5.8 percent), but fell for China (-13.4 percent), Canada (-2.4 percent), Japan (-11.2 percent) and OPEC (-43.2 percent). 

Total imports jumped to USD 240.6 billion, also the highest since December of 2014 and following a 1.6 percent rise in the previous month. Consumer goods increased USD 2.4 billion; cell phones and other household goods went up USD 1 billion; industrial supplies and materials rose USD 1 billion; crude oil increased USD 1.7 billion; automotive vehicles, parts, and engines expanded USD 0.9 billion and passenger cars increased USD 0.7 billion. Imports of services rose USD 0.2 billion to USD 42.9 billion: transport, which includes freight and port services and passenger fares, went up USD 0.2 billion.

Purchases rose from China (5.1 percent) and Canada (4.2 percent) but fell from Mexico (-0.1 percent), Japan (-13.9 percent), Brazil (-9.5 percent), the EU (-6.7 percent) and OPEC (-2.2 percent).

The US trade deficit widened with China ( USD -31.3 billion from USD -27.8 billion in December) and Canada (USD -3.6 billion from USD -2.2 billion). In contrast, it narrowed with Mexico (USD -3.9 billion from USD -4.4 billion), Japan (USD -5.5 billion from USD -6.5 billion) and the EU (USD -1.5 billion from USD -12.3 billion).

BEA | Joana Taborda | joana.taborda@tradingeconomics.com
3/7/2017 2:29:00 PM



United States Trade Last Previous Highest Lowest Unit
Balance of Trade -48492.00 -44259.00 1946.00 -67823.00 USD Million [+]
Exports 192094.00 191014.00 200236.00 772.00 USD Million [+]
Imports 240586.00 235273.00 241483.00 577.00 USD Million [+]
Current Account -112382.00 -116007.00 9957.00 -216063.00 USD Million [+]
Current Account to GDP -2.60 -2.60 0.20 -6.00 percent [+]
External Debt -7781138.00 -8042807.00 -1232107.00 -8042807.00 USD Million [+]
Terms of Trade 99.82 100.06 168.28 91.82 Index Points [+]
Capital Flows 110442.00 -65342.00 272938.00 -202949.00 USD Million [+]
Foreign Direct Investment 41776.00 41768.00 46165.00 -9988.00 USD Million [+]
Net Long Term Tic Flows 6324.00 -12930.00 160371.00 -72882.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 8783.00 8904.00 10044.00 3983.00 BBL/D/1K [+]
Terrorism Index 4.88 4.61 7.39 3.70 [+]
Tourist Arrivals 6193106.00 6466409.00 8364940.00 2095665.00 [+]
Weapons Sales 10484.00 10470.00 16120.00 1705.00 USD Million [+]



United States Balance of Trade Notes

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. Mexico is the United States' 2nd largest export market and the 3rd largest supplier of imports. Main exports include nuclear reactors, boilers, machinery (around 18% of total sales); electrical, electronic equipment (18%); vehicles other than railway, tramway (10%); mineral fuels (8%) and plastics (7%). Main imports from Mexico include vehicles other than railway, tramway (25% of total imports); electrical, electronic equipment (20%); nuclear reactors, boilers, machinery (15%); mineral fuels (5%). Mexico is also the US third largest export market for agricultural products including corn, soybeans, dairy products, pork and beef and is the second largest source of imported agricultural goods including fresh vegetables, fresh fruit, wine and beer, snack foods and processed fruit & vegetables. In 2016, the US recorded a USD 59 billion trade deficit with Mexico. 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-48492.00 -44259.00 1946.00 -67823.00 1950 - 2017 USD Million Monthly
SA



Last
Afghanistan -7159.00 Dec/15
Albania -23780.30 Feb/17
Algeria -1308.00 Dec/15
Angola 4470.03 Jun/16
Argentina -106.00 Jan/17
Armenia -115.20 Feb/17
Aruba -465.10 Sep/16
Australia 1302.00 Jan/17
Austria -639.00 Dec/16
Azerbaijan 981353.00 Sep/16
Bahamas -557.30 Dec/16
Bahrain 312.40 Dec/15
Bangladesh -90.80 Dec/16
Barbados -213020.00 Nov/16
Belarus -493.30 Dec/16
Belgium 208.30 Jan/17
Belize -106.50 Jan/17
Benin -379.80 Dec/16
Bhutan -35828.70 Dec/16
Bolivia -265.44 Dec/16
Bosnia and Herzegovina -564058.59 Jan/17
Botswana -24.00 Dec/16
Brazil 4560.00 Feb/17
Brunei 369.10 Jan/17
Bulgaria -271.70 Jan/17
Burkina Faso -86.40 Mar/16
Burundi -80745.50 Nov/16
Cambodia -994.90 Nov/16
Cameroon -1189.42 Dec/14
Canada 806.90 Jan/17
Cape Verde -6193.00 Jan/17
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 236.10 Feb/17
China -91.50 Feb/17
Colombia -0.92 Jan/17
Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -368.50 Feb/17
Croatia -3332.68 Jan/17
Cuba -9578.00 Dec/15
Cyprus -317903.00 Jan/17
Czech Republic 48458.00 Jan/17
Denmark 4999.40 Jan/17
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador -4135.00 Jan/17
Egypt -2379.00 Dec/16
El Salvador -412.80 Jan/17
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -430.33 Jan/17
Ethiopia -3565.10 Sep/16
Euro Area -593.40 Jan/17
European Union -16240.40 Jan/17
Fiji -204403.00 Sep/16
Finland -455.00 Jan/17
France -7940.00 Jan/17
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -411.80 Feb/17
Germany 14800.00 Jan/17
Ghana -452.40 Sep/16
Greece -2336.70 Jan/17
Guatemala -541.00 Jan/17
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -452.80 Dec/16
Hong Kong -12345.00 Jan/17
Hungary 203000.00 Jan/17
Iceland -10900.00 Feb/17
India -8896.30 Feb/17
Indonesia 1318.90 Feb/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 5745100.00 Jan/17
Israel -702.90 Feb/17
Italy -573.67 Jan/17
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 813.40 Feb/17
Jordan -709700.00 Jan/17
Kazakhstan 1289.20 Jan/17
Kenya -76470.00 Dec/16
Kosovo -125400.00 Jan/17
Kuwait 1693.00 Dec/16
Kyrgyzstan -114.40 Dec/16
Laos -339.15 Jun/16
Latvia -175.40 Jan/17
Lebanon -1372.78 Jan/17
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -214.10 Jan/17
Luxembourg -0.37 Dec/16
Macau -5586600.00 Jan/17
Macedonia -119844.00 Jan/17
Madagascar 20810.00 Dec/16
Malawi -53950.00 Mar/16
Malaysia 4711.86 Jan/17
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -366567.00 Jan/17
Mauritania -79.64 Mar/16
Mauritius -8644.00 Jan/17
Mexico -3294.00 Jan/17
Moldova -127.30 Jan/17
Monaco -165.20 Sep/16
Mongolia 183.00 Feb/17
Montenegro -70238.00 Jan/17
Morocco -16689.00 Dec/16
Mozambique -434.30 Sep/16
Myanmar -303.20 May/16
Namibia -6654.37 Sep/16
Nepal -80884.00 Jun/16
Netherlands 4582.00 Jan/17
New Caledonia -7307.00 Oct/16
New Zealand -284.72 Jan/17
Nicaragua -268.30 Dec/16
Niger -108402.00 Sep/16
Nigeria 227044.30 Dec/16
North Korea -476.67 Dec/15
Norway 23539.00 Feb/17
Oman 205.90 Nov/16
Pakistan -293929.00 Feb/17
Palestine -343.00 Jan/17
Panama -894143.61 Jan/17
Papua New Guinea 4593.00 Sep/16
Paraguay 100105.00 Feb/17
Peru 150.00 Jan/17
Philippines -2313784.93 Jan/17
Poland 225.00 Jan/17
Portugal -940.50 Jan/17
Puerto Rico 2830.80 Dec/16
Qatar 10981.00 Jan/17
Republic of the Congo 4092.35 Dec/10
Romania -602.20 Jan/17
Russia 11445.00 Jan/17
Rwanda -116.57 Nov/16
Sao Tome and Principe -27.04 Dec/16
Saudi Arabia 73133.00 Sep/16
Senegal -149.50 Jan/17
Serbia -319.10 Jan/17
Seychelles -39.60 Jan/17
Sierra Leone -52.89 Jun/16
Singapore 7752.90 Feb/17
Slovakia 152.00 Jan/17
Slovenia 45.30 Jan/17
Somalia -1473.48 Dec/15
South Africa -10811.59 Jan/17
South Korea 7220.00 Feb/17
South Sudan -104.70 Dec/15
Spain -3134000.00 Jan/17
Sri Lanka -910.00 Jan/17
Sudan -477522.00 Dec/16
Suriname 154.40 Dec/16
Swaziland -320.72 Jun/16
Sweden 1500.00 Jan/17
Switzerland 3105.00 Feb/17
Syria 9394.50 Dec/10
Taiwan 3360.00 Feb/17
Tajikistan -117.70 Jan/17
Tanzania -26.00 Nov/16
Thailand 1610.00 Feb/17
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia 1288.80 Feb/17
Turkey -4308.50 Jan/17
Turkmenistan 2181.97 Dec/15
Uganda -192.30 Jan/17
Ukraine -86.70 Jan/17
United Arab Emirates 328300.00 Dec/15
United Kingdom -1966.00 Jan/17
United States -48492.00 Jan/17
Uruguay -36256.00 Jan/17
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -2000.00 Feb/17
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16