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

The trade gap in the United States widened to USD 44.5 billion in June of 2016 from a downwardly revised USD 40.96 billion deficit in the previous month. Figures came above market expectations of a USD 43.1 billion shortfall as imports rose 1.9 percent due to higher oil prices and rising domestic demand while exports edged up only 0.3 percent. Balance of Trade in the United States averaged -13382.68 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
-44510.00 -40956.00 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 $-44.51B $-40.96B $-43.1B $ -37.6B
2016-09-02 12:30 PM Jul $-44.51B $-43B $ -46.2B
2016-10-05 12:30 PM Aug $ -43.6B
2016-11-04 01:30 PM Sep $ -44.6B

US Trade Deficit Rises to 10-Month High in June


The trade gap in the United States widened to USD 44.5 billion in June of 2016 from a downwardly revised USD 40.96 billion deficit in the previous month. Figures came above market expectations of a USD 43.1 billion shortfall as imports rose 1.9 percent due to higher oil prices and rising domestic demand while exports edged up only 0.3 percent.

The widening of the goods and services deficit reflects a higher goods gap (up $3.8 billion to $66 billion) and an increase services surplus (up $0.3 billion to $21.5 billion).

Total exports edged up 0.3 percent to $183.2 billion, following a 0.1 percent drop in the previous month. Exports of goods increased $0.5 billion to $120.4 billion: foods, feeds, and beverages rose $0.6 billion; corn went up $0.3 billion; wheat increased $0.2 billion; capital goods grew $0.3 billion; civilian aircraft increased $0.3 billion; consumer goods rose $0.4 billion. Exports of services increased $0.1 billion to $62.8 billion in June: travel (for all purposes including education) rose $0.1 billion and financial services went up $0.1 billion.

Sales to the European Union jumped 7.8 percent, with those to the UK up 18.2 percent. Exports to Mexico rose 2.7 percent, China increased 3.6 percent and those to Canada went up 4.4 percent. In contrast, sales to Japan declined 1.1 percent. 

Total imports rose 1.9 percent to $227.7 billion, following a 1.6 percent growth in May. Imports of goods increased $4.4 billion to $186.4 billion: industrial supplies and materials rose $2.3 billion; crude oil increased $1.4 billion; consumer goods were up $1.9 billion and capital goods increased $1.0 billion. Imports of services declined $0.2 billion to $41.2 billion in June.

Imports from China rose 2.8 percent, those from Canada went up 5.3 percent and from the European Union purchases grew 3.4 percent.  

Year-to-date, the goods and services deficit decreased $5.8 billion, or 2.3 percent, from the same period in 2015. Exports decreased $54.2 billion or 4.7 percent. Imports decreased $60.0 billion or 4.3 percent.

BEA | Yekaterina Guchshina | yekaterina@tradingeconomics.com
8/5/2016 2:31:59 PM

United States Trade Last Previous Highest Lowest Unit
Balance of Trade -44510.00 -40956.00 1946.00 -67823.00 USD Million [+]
Exports 183151.00 182540.00 200236.00 772.00 USD Million [+]
Imports 227661.00 223497.00 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 100.27 99.60 168.28 91.82 Index Points [+]
Capital Flows -202762.00 -10980.00 272938.00 -202762.00 USD Million [+]
Foreign Direct Investment 35823.00 35494.00 46165.00 -9988.00 USD Million [+]
Net Long Term Tic Flows -3612.00 40789.00 160371.00 -72882.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 8894.00 8933.00 10044.00 3983.00 BBL/D/1K [+]
Terrorism Index 4.61 4.61 7.39 3.70 [+]
Tourist Arrivals 6331536.00 6045992.00 8364940.00 2095665.00 [+]
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 -81.00 Jul/16
Aruba -426.10 Mar/16
Australia -3195.00 Jun/16
Austria -25.00 May/16
Azerbaijan 621706.00 Mar/16
Bahamas -514.90 Dec/15
Bahrain 1513.00 Dec/15
Bangladesh -89.35 May/16
Barbados -254822.00 Dec/15
Belarus -71.50 Jun/16
Belgium 1512.30 Jun/16
Belize -131.21 Jun/16
Benin -164.32 Mar/16
Bhutan -26021.60 Dec/15
Bolivia -136.10 Mar/16
Bosnia and Herzegovina -655560.43 Jun/16
Botswana 4100.60 May/16
Brazil 4578.00 Jul/16
Brunei 166.50 Jun/16
Bulgaria -75.50 Jun/16
Burkina Faso -49.00 Sep/14
Burundi -76937.10 Mar/16
Cambodia -109.60 Feb/16
Cameroon -1054.40 Dec/13
Canada -3632.40 Jun/16
Cape Verde -5167.30 Jun/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile -90.13 Jul/16
China 523.08 Jul/16
Colombia -0.97 Jun/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -451.50 Jul/16
Croatia -4704.00 Jun/16
Cuba -9578.00 Dec/15
Cyprus -318121.00 Jun/16
Czech Republic 50618.00 Jun/16
Denmark 7481.80 Jun/16
Djibouti -119840.00 Dec/14
Dominican Republic -631.90 Mar/16
East Timor -38853.09 May/16
Ecuador 235011.00 Jun/16
Egypt -2866.00 May/16
El Salvador -411.97 Jun/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -149.08 Jun/16
Ethiopia -3557.70 Dec/15
Euro Area 29248.20 Jun/16
European Union 7650.10 Jun/16
Fiji -84048.00 Feb/16
Finland 325.00 Jun/16
France -3440.00 Jun/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -494.19 Jul/16
Germany 24869.00 Jun/16
Ghana -773.70 Mar/16
Greece -1463.00 Jun/16
Guatemala -539.70 Jun/16
Guinea -103.83 Jun/13
Guinea Bissau -23.80 Dec/14
Guyana -4.40 Mar/16
Haiti -208.97 Apr/16
Honduras -361.50 May/16
Hong Kong -45595.00 Jun/16
Hungary 355000.00 Jun/16
Iceland -9600.00 Jul/16
India -7761.40 Jul/16
Indonesia 598.30 Jul/16
Iran 4258.00 Dec/15
Iraq 38780.80 Dec/14
Ireland 4502100.00 Jun/16
Israel -1600.20 Jul/16
Italy 4662.00 Jun/16
Ivory Coast 890.60 Dec/14
Jamaica -761100.00 Dec/15
Japan 513.51 Jul/16
Jordan -702809.00 May/16
Kazakhstan 1055.00 Jun/16
Kenya -79107.00 Jun/16
Kosovo -216894.00 Jun/16
Kuwait 402.00 Mar/16
Kyrgyzstan -222.60 May/16
Laos -594.89 Dec/15
Latvia -169.00 Jun/16
Lebanon -1258.95 Jun/16
Lesotho -3543.23 Mar/16
Liberia -79.80 Apr/16
Libya -17675.60 Dec/14
Liechtenstein 326579.00 Jun/16
Lithuania -233.30 Jun/16
Luxembourg -0.39 May/16
Macau -4888852.71 Jun/16
Macedonia -183852.00 Jun/16
Madagascar -306742.00 Jun/16
Malawi -31524.80 Sep/15
Malaysia 5517.62 Jun/16
Maldives -165.70 Apr/16
Mali -100.60 Mar/15
Malta -241648.00 Jun/16
Mauritania -24.89 Dec/15
Mauritius -6215.00 Jun/16
Mexico -523.64 Jun/16
Moldova -167.30 Jun/16
Monaco 7.80 Mar/16
Mongolia 15.20 Jul/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 -77662.70 Mar/16
Netherlands 4902.00 Jun/16
New Caledonia -9890.65 Jun/16
New Zealand -433.26 Jul/16
Nicaragua -195.00 May/16
Niger -441985.00 Sep/15
Nigeria -171309.90 Mar/16
North Korea -476.67 Dec/15
Norway 13951.12 Jul/16
Oman -45.20 Dec/15
Pakistan -217594.00 Jul/16
Palestine -408.60 May/16
Panama -939006.70 Jun/16
Papua New Guinea 3957.00 Dec/15
Paraguay 99931.00 Jul/16
Peru -277.50 Jun/16
Philippines -2021440.00 May/16
Poland 404.00 Jun/16
Portugal -923.50 Jun/16
Puerto Rico 2091.50 Apr/16
Qatar 8329.00 Jun/16
Republic of the Congo 4092.35 Dec/10
Romania -695.80 Jun/16
Russia 8114.00 Jun/16
Rwanda -142.60 May/16
Sao Tome and Principe -24.59 Mar/16
Saudi Arabia 16295.00 Mar/16
Senegal -151.57 Jun/16
Serbia -464.50 Jun/16
Seychelles -45.27 Jun/16
Sierra Leone -33.70 Dec/15
Singapore 6519.51 Jul/16
Slovakia 515.00 Jun/16
Slovenia 174.81 Jun/16
Somalia -1473.48 Dec/15
South Africa 12530.50 Jun/16
South Korea 7793.00 Jul/16
South Sudan -104.70 Dec/15
Spain -1357000.00 Jun/16
Sri Lanka -813.50 May/16
Sudan -489010.00 Mar/16
Suriname -23.00 Mar/16
Swaziland 1217.38 Dec/15
Sweden 1800.00 Jun/16
Switzerland 2930.41 Jul/16
Syria 9394.50 Dec/10
Taiwan 3608.26 Jul/16
Tajikistan -168.70 Jun/16
Tanzania -223.30 Apr/16
Thailand 1970.00 Jun/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -822.00 Jul/16
Turkey -6559.00 Jun/16
Turkmenistan 2228.22 Dec/14
Uganda -199.50 Jun/16
Ukraine 11.40 Jun/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -5084.00 Jun/16
United States -44510.00 Jun/16
Uruguay 285352.00 Jun/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam 564.00 Jul/16
Yemen -2914.30 Dec/13
Zambia -1905.90 Jun/16
Zimbabwe -322.86 Mar/16