United States Balance of Trade 1950-2015 | Data | Chart | Calendar

The United States recorded a trade deficit of 46560 USD Million in December of 2014. Balance of Trade in the United States averaged -12758.46 USD Million from 1950 until 2014, 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.

      Forecast    
United States Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-46560.00 -39750.00 1946.00 -67823.00 1950 - 2014 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 - United States Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - United States Balance of Trade - was last refreshed on Tuesday, March 3, 2015.


US Trade Gap Largest Since November of 2012


US trade deficit widened to $46.6 billion in December from $39.8 billion in November as exports was down 0.8 percent and imports grew 2.2 percent.

December exports were $194.9 billion, down 0.8 percent or $1.5 billion from November hurt by a strengthening dollar and a labor dispute at U.S. West Coast ports. Shipments to Canada and Mexico declined while those to Japan, China and the European Union rose.

December imports were $241.4 billion, up 2.2 percent or $5.3 billion from November with imports of non-petroleum products surging to a record high. 

The December increase in the goods and services deficit reflected an increase in the goods deficit of $6.9 billion to $66.0 billion and an increase in the services surplus of $0.1 billion to $19.5 billion.

For 2014, the goods and services deficit was $505.0 billion, up $28.7 billion or 6.0 percent from 2013. Exports were $2,345.4 billion, $65.2 billion or 2.9 percent. Imports were $2,850.5 billion, up $93.9 billion or 3.4 percent.

Anna Fedec | anna@tradingeconomics.com
2/5/2015 1:52:26 PM


Recent Releases

US Trade Deficit at 11-Month Low
The US trade gap decreased to USD 39 billion in November of 2014 from a revised USD 42.3 billion in the previous month. It is the lowest trade deficit since December of 2013 supported by a fall in crude oil imports. Published on 2015-01-07

US Trade Deficit Narrows in October
US trade gap narrowed by 0.4 percent to $43.4 billion from the prior month’s revised $43.6 billion as exports and imports increased. Published on 2014-12-05


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-05 01:30 PM
Balance of Trade  Oct
$-43.4B $ -43.6B (R) $ -41.2B $ -42.9B
2015-01-07 01:30 PM
Balance of Trade  Nov
$ -39B $-42.25B (R) $-42B $ -43.8B
2015-02-05 01:30 PM
Balance of Trade  Dec
$ -46.56B $ -39.75B (R) $ -38B $ -40.7B
2015-03-06 01:30 PM
Balance of Trade  Jan
$ -46.56B $ -41.6B $ -44.7B
2015-04-02 01:30 PM
Balance of Trade  Feb
$ -44B
2015-05-05 01:30 PM
Balance of Trade  Mar
$ -46.3B


United States Trade Last Previous Highest Lowest Unit
Balance of Trade -46560.00 -39750.00 1946.00 -67823.00 USD Million [+]
Exports 194880.00 196427.00 198625.00 772.00 USD Million [+]
Imports 241437.00 236178.00 241437.00 577.00 USD Million [+]
Current Account -100255.00 -98417.00 9957.00 -216063.00 USD Million [+]
Current Account to GDP -2.30 -2.70 0.20 -6.00 percent [+]
External Debt -6157895.00 -5445100.00 -1232107.00 -6157895.00 USD Million [+]
Terms of Trade 97.11 97.37 167.10 91.05 Index Points [+]
Foreign Direct Investment 40916.00 41969.00 46165.00 -9988.00 USD Million [+]
Capital Flows -174809.00 -14270.00 272938.00 -153035.00 USD Million [+]
Net Long Term Tic Flows 35374.00 33526.00 160371.00 -72882.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 9020.00 9046.00 10044.00 3983.00 BBL/D/1K [+]
Tourist Arrivals 5809571.00 6264947.00 8381604.00 2095665.00 Persons [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -436.00 Dec/14 -1016.00 2219.00 -3897.00 AUD Million [+]
Brazil -2842.00 Feb/15 -3173.95 5659.37 -4058.14 USD Million [+]
Canada -650.00 Dec/14 -340.00 8524.80 -2902.90 CAD Million [+]
China 600.30 Jan/15 496.13 544.76 -319.71 USD Hundred Million [+]
Euro Area 24300.00 Dec/14 21200.00 24300.00 -16638.00 EUR Million [+]
France -3446.00 Dec/14 -3093.00 2674.00 -7086.00 EUR Million [+]
Germany 19000.00 Dec/14 17900.00 23400.00 -535.91 EUR Million [+]
India -8320.00 Jan/15 -9430.00 258.90 -20210.90 USD Million [+]
Indonesia 709.40 Jan/15 186.80 4641.92 -2329.13 USD Million [+]
Italy 5756.00 Dec/14 3541.23 6923.00 -6389.30 EUR Million [+]
Japan -1177.50 Jan/15 -660.70 1608.67 -2795.04 JPY Billion [+]
Mexico -3248.00 Jan/15 254.00 1710.25 -3292.30 USD Million [+]
Netherlands 4891.20 Dec/14 5110.00 5110.00 -907.60 EUR Million [+]
Russia 12927.00 Dec/14 13359.00 20356.00 -185.00 USD Million [+]
South Korea 5530.00 Jan/15 5750.00 7380.00 -4043.45 USD Million [+]
Spain -1821800.00 Dec/14 -1555245.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3432.72 Jan/15 1514.42 3901.00 -1478.68 CHF million [+]
Turkey -4305.31 Jan/15 -8505.55 24.51 -10453.06 USD Million [+]
United Kingdom -2895.00 Dec/14 -1841.00 2946.00 -5397.00 GBP Million [+]
United States -46560.00 Dec/14 -39750.00 1946.00 -67823.00 USD Million [+]