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United States Balance of TradeThe United States reported a trade deficit equivalent to 51.8 Billion USD in March of 2012. Historically, from 1992 until 2012, the United States Balance of Trade averaged -31466.3500 Million USD reaching an all time high of -831.0000 Million USD in February of 1992 and a record low of -67351.0000 Million USD in August of 2006. United States main exports are: machinery and equipment, industrial supplies, non-auto consumer goods, motor vehicles and parts, aircraft and parts, food, feed and beverages. U.S. imports non-auto consumer goods, fuels, production machinery and equipment, non-fuel industrial supplies, motor vehicles and parts, food, feed and beverages. Main trading partners are: Canada, European Union, Mexico, China and Japan. This page includes a chart with historical data for the United States Balance of Trade.
U.S. Trade Deficit Widens in March
Published on 5/10/2012 1:41:51 PM
| By TradingEconomics.com, U.S. Census Bureau
Total March exports of $186.8 billion and imports of $238.6 billion resulted in a goods and services deficit of $51.8 billion, up from $45.4 billion in February, revised. March exports were $5.3 billion more than February exports of $181.5 billion. March imports were $11.7 billion more than February imports of $226.9 billion.
In March, the goods deficit increased $6.5 billion from February to $67.6 billion, and the services surplus increased $0.1 billion from February to $15.8 billion. Exports of goods increased $4.7 billion to $132.7 billion, and imports of goods increased $11.3 billion to $200.3 billion. Exports of services increased $0.5 billion to $54.1 billion, and imports of services increased $0.4 billion to $38.3 billion.
The goods and services deficit increased $5.8 billion from March 2011 to March 2012. Exports were up $12.8 billion, or 7.3 percent, and imports were up $18.5 billion, or 8.4 percent.
The February to March increase in exports of goods reflected increases in industrial supplies and materials ($2.4 billion); capital goods ($1.2 billion); foods, feeds, and beverages ($0.5 billion); other goods ($0.4 billion); automotive vehicles, parts, and engines ($0.4 billion); and consumer goods ($0.1 billion).
The February to March increase in imports of goods reflected increases in capital goods ($3.5 billion); consumer goods ($3.3 billion); industrial supplies and materials ($2.5 billion); automotive vehicles, parts, and engines ($1.2 billion); other goods ($0.5 billion); and foods, feeds, and beverages ($0.2 billion).
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Balance of Trade
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 consists of exporting more than is imported; a negative balance of trade is known as a trade deficit or, informally, a trade gap. The balance of trade forms part of the current account, which also includes other transactions such as income from the international investment position as well as international aid. If the current account is in surplus, the country's net international asset position increases correspondingly. Equally, a deficit decreases the net international asset position. The Balance of Trade is identical to the difference between a country's output and its domestic demand - the difference between what goods a country produces and how many goods it buys from abroad; this does not include money respent on foreign stocks, nor does it factor the concept of importing goods to produce for the domestic market.
UNITED STATES NEWS
U.S. Annual Inflation Down to 2.3% in April
Published: 5/15/2012 1:35:37 PM
By: TradingEconomics.com, U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.3 percent before seasonal adjustment.
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U.S. Trade Deficit Widens in March
Published: 5/10/2012 1:41:51 PM
By: TradingEconomics.com, U.S. Census Bureau
Total March exports of $186.8 billion and imports of $238.6 billion resulted in a goods and services deficit of $51.8 billion, up from $45.4 billion in February, revised. March exports were $5.3 billion more than February exports of $181.5 billion. March imports were $11.7 billion more than February imports of $226.9 billion.
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U.S. GDP Up 2.2% in Q1
Published: 5/7/2012 4:44:08 PM
By: TradingEconomics.com, U.S. Bureau of Economic Analysis
U.S. real gross domestic product increased at an annual rate of 2.2 percent in the first quarter of 2012 (that is, from the fourth quarter to the first quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2011, real GDP increased 3.0 percent.
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U.S. Unemployment Down to 8.1% in April, Nonfarm Payrolls Up 115K
Published: 5/4/2012 1:41:07 PM
By: TradingEconomics.com, U.S. Bureau of Labor Statistics
U.S. Nonfarm payroll employment rose by 115,000 in April, and the unemployment rate was little changed at 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care, but declined in transportation and warehousing.
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U.S. Federal Reserve Reaffirms Low-Rate Policy
Published: 4/25/2012 9:09:14 PM
By: TradingEconomics.com, Fed
U.S. Federal Reserve on April 25th confirmed the plan to keep short-term interest rates near zero through late 2014 and modestly toned down their assessment of the economy's performance.
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U.S. Annual Inflation Rate Down to 2.7% in March
Published: 4/13/2012 1:34:59 PM
By: TradingEconomics.com, U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in March on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.7 percent before seasonal adjustment.
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U.S. Trade Deficit Narrows in February
Published: 4/12/2012 1:37:02 PM
By: TradingEconomics.com, U.S. Bureau of Economic Analysis
Total February exports of $181.2 billion and imports of $227.2 billion resulted in a goods and services deficit of $46.0 billion, down from $52.5 billion in January, revised. February exports were $0.2 billion more than January exports of $180.9 billion. February imports were $6.3 billion less than January imports of $233.4 billion.
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U.S. Added 120K Jobs in March, Unemployment At 8.2%
Published: 4/6/2012 1:37:03 PM
By: TradingEconomics.com, U.S. Bureau of Labor Statistics
Nonfarm payroll employment rose by 120,000 in March, and the unemployment rate was little changed at 8.2 percent, the U.S. Bureau of Labor Statistics reported. Employment rose in manufacturing, food services and drinking places, and health care, but was down in retail trade.
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U.S. Annual Inflation Rate at 2.9% in February
Published: 3/16/2012 7:09:42 PM
By: TradingEconomics.com, U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in February on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.9 percent before seasonal adjustment.
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U.S. Fed Keeps Monetary Policy Unchanged
Published: 3/13/2012 6:38:37 PM
By: TradingEconomics.com, Federal Reserve
The Federal Reserve acknowledged recent signs of strength in the economy and said recent financial market strains have eased, offering few clues on the chances for further monetary easing.
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