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

The US trade gap narrowed to USD 40.44 billion in March of 2016 from a downwardly revised USD 46.96 billion deficit in the previous month and below market expectations of USD 41.5 billion. It is the smallest gap since February last year as imports hit a 5-year low. Purchases of industrial supplies and materials fell to its smallest since April 2004 and imports of petroleum were the lowest since September 2002. Considering the first quarter of the year, the average trade deficit narrowed by $1.4 billion, with imports falling more than exports (down by $2.6 billion and $1.2 billion respectively), suggesting the drag from external trade on GDP may be smaller than expected. Balance of Trade in the United States averaged -13365.39 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
-40440.00 -46960.00 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-04 01:30 PM Jan $-45.68B $-44.7B $ -44B $ -43.2B
2016-04-05 12:30 PM Feb $-47.06B $-45.88B $ -46.2B $ -44.3B
2016-05-04 12:30 PM Mar $-40.44B $-46.96B $-41.5B $ -46.6B
2016-06-03 12:30 PM Apr $-40.44B $ -42.8B
2016-07-06 12:30 PM May $ -42.8B
2016-08-05 12:30 PM Jun $ -41B

US Trade Deficit at 13-Month Low


The US trade gap narrowed to USD 40.44 billion in March of 2016 from a downwardly revised USD 46.96 billion deficit in the previous month and below market expectations of USD 41.5 billion. It is the smallest gap since February last year as imports hit a 5-year low. Purchases of industrial supplies and materials fell to its smallest since April 2004 and imports of petroleum were the lowest since September 2002.

The narrowing March deficit reflected a decrease in the goods deficit of $6.0 billion to $58.5 billion and an increase in the services surplus of $0.5 billion to $18.1 billion.

Total imports shrank 3.6 percent to $217.1 billion, the lowest figure since February of 2011. Imports of goods decreased $7.9 billion to $175.3 billion: consumer goods fell $5.1 billion; toys, games, and sporting goods went down $1.1 billion; other textile apparel and household goods declined $0.6 billion; cotton apparel and household goods fell $0.6 billion; capital goods dropped $1.6 billion and computer accessories decreased $0.8 billion. Imports of services decreased $0.2 billion to $41.7 billion: transport, which includes freight and port services and passenger fares, fell $0.4 billion.

Total exports went down 0.87 percent to $176.6 billion. Exports of goods decreased $1.8 billion to $116.8 billion: consumer goods fell $1.6 billion; pharmaceutical preparations declined $0.8 billion; gem diamonds dropped $0.7 billion; industrial supplies and materials decreased $0.8 billion; other petroleum products declined $0.5 billion while capital goods increased $1.0 billion and civilian aircraft rose $1.3 billion. Exports of services increased $0.3 billion to $59.8 billion: travel (for all purposes including education) went up $0.2 billion.

Considering the first quarter of the year, the average trade deficit narrowed by $1.4 billion, with imports falling more than exports (down by $2.6 billion and $1.2 billion respectively), suggesting the drag from external trade on GDP may be smaller than expected. 

BEA | Joana Taborda | joana.taborda@tradingeconomics.com
5/4/2016 2:02:23 PM

United States Trade Last Previous Highest Lowest Unit
Balance of Trade -40440.00 -46960.00 1946.00 -67823.00 USD Million [+]
Exports 176618.00 178160.00 197759.00 772.00 USD Million [+]
Imports 217061.00 225130.00 240524.00 577.00 USD Million [+]
Current Account -125314.00 -124120.00 9957.00 -216063.00 USD Million [+]
Current Account to GDP -2.70 -2.20 0.20 -6.00 percent [+]
External Debt -7356784.00 -7269829.00 -1232107.00 -7356784.00 USD Million [+]
Terms of Trade 99.60 100.03 168.28 91.82 Index Points [+]
Capital Flows 33542.00 118433.00 272938.00 -190792.00 USD Million [+]
Foreign Direct Investment 35494.00 38675.00 46165.00 -9988.00 USD Million [+]
Net Long Term Tic Flows 72000.00 -11900.00 160371.00 -72882.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 9129.00 9179.00 10044.00 3983.00 BBL/D/1K [+]
Terrorism Index 4.61 4.61 7.39 3.70 [+]
Tourist Arrivals 6188828.00 6847598.00 8381604.00 2095665.00 [+]




Last
Afghanistan -7159.00 Dec/15
Albania -27150.00 Mar/16
Algeria -1270.00 Sep/15
Angola 3771.96 Sep/15
Argentina -266.00 Mar/16
Armenia -82.90 Mar/16
Aruba -491.66 Sep/15
Australia -3410.00 Feb/16
Austria 582.90 Jan/16
Azerbaijan 509849.00 Dec/15
Bahamas -514.90 Dec/15
Bahrain 3441.00 Dec/14
Bangladesh -48.12 Feb/16
Barbados -254822.00 Dec/15
Belarus -248.50 Feb/16
Belgium 1025.00 Feb/16
Belize -138.70 Feb/16
Benin -311.87 Dec/15
Bhutan -26021.60 Dec/15
Bolivia -355.90 Dec/15
Bosnia and Herzegovina -427.38 Mar/16
Botswana 549.30 Feb/16
Brazil 4860.00 Apr/16
Brunei 264.10 Feb/16
Bulgaria -118.70 Feb/16
Burkina Faso -49.00 Sep/14
Burundi -61461.20 Nov/15
Cambodia -746.40 Jan/16
Cameroon -1054.40 Dec/13
Canada -3414.00 Mar/16
Cape Verde -4881.20 Feb/16
Cayman Islands -791.40 Dec/14
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 609.79 Mar/16
China 298.60 Mar/16
Colombia -1.17 Feb/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -383.40 Mar/16
Croatia 3996.23 Feb/16
Cuba -7926.60 Dec/14
Cyprus -240094.00 Feb/16
Czech Republic 42159.00 Feb/16
Denmark 2158.20 Feb/16
Djibouti -119840.00 Dec/14
Dominican Republic -688.50 Dec/15
East Timor -33147.37 Feb/16
Ecuador -82072.00 Feb/16
Egypt -3019.00 Feb/16
El Salvador -322.60 Mar/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -149.00 Dec/12
Estonia -139.73 Feb/16
Ethiopia -3441.30 Sep/15
Euro Area 19048.40 Feb/16
European Union 3028.60 Feb/16
Fiji -185801.00 Nov/15
Finland -100.00 Feb/16
France -4368.00 Mar/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -403.86 Mar/16
Germany 20300.00 Feb/16
Ghana -1226.00 Sep/15
Greece -1651.92 Feb/16
Guatemala -408.80 Jan/16
Guinea -103.83 Jun/13
Guinea Bissau -32.30 Dec/14
Guyana -77.30 Sep/15
Haiti -160.26 Jul/15
Honduras -465.70 Dec/15
Hong Kong -47028.00 Mar/16
Hungary 304200.00 Feb/16
Iceland -8900.00 Mar/16
India -5070.00 Mar/16
Indonesia 490.00 Mar/16
Iran -2405.00 Dec/14
Iraq 38780.80 Dec/14
Ireland 3771700.00 Feb/16
Israel -1177.40 Mar/16
Italy 3856.00 Feb/16
Ivory Coast 890.60 Dec/14
Jamaica -779000.00 Sep/15
Japan 754.99 Mar/16
Jordan -773525.00 Jan/16
Kazakhstan 1187.60 Feb/16
Kenya -58459.44 Jan/16
Kosovo -209942.00 Mar/16
Kuwait 1049.00 Dec/15
Kyrgyzstan -167.59 Dec/15
Laos -488.34 Sep/15
Latvia -139.50 Feb/16
Lebanon -1148.62 Feb/16
Lesotho -2961.47 Dec/15
Liberia -123.50 Oct/15
Libya -17675.60 Dec/14
Liechtenstein 355938.00 Dec/15
Lithuania -96.60 Feb/16
Luxembourg -0.42 Feb/16
Macau -4479038.32 Mar/16
Macedonia -145370.00 Feb/16
Madagascar -30435.00 Dec/15
Malawi -31524.80 Sep/15
Malaysia 7351.55 Feb/16
Maldives -127.20 Jan/16
Mali -100.60 Mar/15
Malta -557987.00 Feb/16
Mauritania -24.89 Dec/15
Mauritius -4607.00 Feb/16
Mexico 155.00 Mar/16
Moldova -148.50 Feb/16
Monaco -22.60 Dec/15
Mongolia 98.70 Mar/16
Montenegro -138515.00 Mar/16
Morocco -16349.00 Mar/16
Mozambique -1274.70 Sep/15
Myanmar -72.20 Sep/15
Namibia -8322.38 Mar/16
Nepal -58541.90 Dec/15
Netherlands 3952.00 Feb/16
New Caledonia -9528.00 Feb/16
New Zealand 117.00 Mar/16
Nicaragua -225.70 Feb/16
Niger -441985.00 Sep/15
Nigeria 26385.50 Dec/15
North Korea -476.67 Dec/15
Norway 9068.13 Mar/16
Oman 329.00 Sep/15
Pakistan -193845.00 Mar/16
Palestine -309.20 Jan/16
Panama -744011.50 Feb/16
Papua New Guinea 4191.00 Sep/15
Paraguay 140697.00 Mar/16
Peru -188.00 Feb/16
Philippines -1104000.00 Feb/16
Poland 341.00 Feb/16
Portugal -713.00 Feb/16
Puerto Rico 2054.10 Dec/15
Qatar 7409.00 Feb/16
Republic of the Congo 4092.35 Dec/10
Romania -611.20 Feb/16
Russia 7353.00 Feb/16
Rwanda -150.29 Dec/15
Sao Tome and Principe -36.44 Dec/15
Saudi Arabia 44465.00 Sep/15
Senegal -110.27 Feb/16
Serbia -406.80 Mar/16
Seychelles -37.18 Feb/16
Sierra Leone -89.75 Mar/15
Singapore 3656.20 Mar/16
Slovakia 459.60 Feb/16
Slovenia 120.06 Feb/16
Somalia -1281.56 Dec/14
South Africa 2915.79 Mar/16
South Korea 8800.00 Apr/16
South Sudan -4987.00 Dec/13
Spain -1761000.00 Feb/16
Sri Lanka -695.00 Jan/16
Sudan -921327.00 Dec/15
Suriname -103.40 Dec/15
Swaziland 517.46 Jun/15
Sweden 3900.00 Mar/16
Switzerland 2163.00 Mar/16
Syria 9394.50 Dec/10
Taiwan 4502.06 Mar/16
Tajikistan -135.50 Feb/16
Tanzania -30.40 Jan/16
Thailand 2966.00 Mar/16
Togo -68.29 Dec/14
Trinidad and Tobago 339.40 Sep/15
Tunisia -1100.60 Mar/16
Turkey -4950.00 Mar/16
Turkmenistan 2431.94 Dec/14
Uganda -120.80 Feb/16
Ukraine -436.00 Feb/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -4840.00 Feb/16
United States -40440.00 Mar/16
Uruguay -123578.00 Mar/16
Uzbekistan 455.00 Dec/15
Venezuela -1093.00 Dec/15
Vietnam 100.00 Apr/16
Yemen -2914.30 Dec/13
Zambia -800.90 Mar/16
Zimbabwe -290.99 Dec/14