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

The goods and services deficit in the United States narrowed to USD 43.6 billion in February of 2017 from a downwardly revised USD 48.2 billion gap a month earlier and lower than market expectations of a USD 44.8 billion shortfall. Exports increased 0.2 percent and hit a new high since December of 2014. Shipments of automobiles and parts reached the highest since July 2014 and sales of industrial supplies and materials were the highest since December of 2015. In contrast, imports went down 1.8 percent. Balance of Trade in the United States averaged -13660.58 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
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 $-43.6B $-48.2B $-44.8B $-47B
2017-05-04 12:30 PM Mar $-43.6B $-44.4B $ -44.4B
2017-06-02 12:30 PM Apr $ -44.8B
2017-07-06 12:30 PM May $ -45B




US Trade Deficit Lower Than Expected


The goods and services deficit in the United States narrowed to USD 43.6 billion in February of 2017 from a downwardly revised USD 48.2 billion gap a month earlier and lower than market expectations of a USD 44.8 billion shortfall. Exports increased 0.2 percent to 2 year high, boosted by rise in shipments of cars and industrial supplies and materials while imports went down 1.8 percent.

The lower deficit reflected a decrease in the goods gap of USD 4.6 billion to USD 65 billion and an increase in the services surplus of less than USD 0.1 billion to USD 21.4 billion.

Total exports rose 0.2 percent to USD 192.9 billion, reaching a new high since December of 2014 and following a 0.8 percent gain in January. Exports of goods increased USD 0.4 billion to USD 128.5 billion: consumer goods increased USD 0.7 billion; pharmaceutical preparations rose USD 0.6 billion; other goods went up USD 0.5 billion and industrial supplies and materials increased USD 0.4 billion. In contrast, sales of foods, feeds, and beverages decreased USD 0.7 billion; soybeans went down USD 0.6 billion; capital goods declined USD 0.6 billion and civilian aircraft fell USD 0.6 billion. Exports of services increased less than USD 0.1 billion to USD 64.4 billion. Changes in all categories were USD 0.1 billion or less and were nearly offsetting.

Total imports fell 1.8 percent to USD 236.4 billion, reversing form a 2.3 percent rise in January. Purchases of goods decreased USD 4.2 billion to USD 193.4 billion: consumer goods went down USD 3.1 billion; cell phones and other household goods declined USD 1.9 billion; automotive vehicles, parts, and engines fell USD 2.6 billion and passenger cars decreased USD 2.1 billion. In contrast, purchases of industrial supplies and materials increased USD 1.4 billion and crude oil rose USD 1.3 billion. Imports of services decreased less than USD 0.1 billion to USD 43.0 billion. Changes in all categories were USD 0.1 billion or less and were nearly offsetting.

On a non-seasonally adjusted basis, exports rose to Canada (1.4 percent), Japan (3.4 percent), the EU (8 percent) and OPEC (11 percent) but fell to Mexico (-7.1 percent), Brazil (-3.3 percnt) and China (-2.7 percent). Imports fell from China (-20.8 percent), OPEC (-12.3 percent), Brazil (-10 percent), Canada (-4.2 percent) and the EU (-1.3 percent) but rose 1.8 percent from Mexico.

The US trade deficit narrowed with China (USD -22.9 billion from USD -31.3 billion in January), the EU (USD -9.4 billion from USD -11.5 billion), Japan (USD -4.7 billion from USD -5.5 billion) and Canada (USD -2.1 billion from USD -3.4 billion). In contrast, it widened with Mexico (USD -5.7 billion from USD -3.9 billion).

BEA | Joana Taborda | joana.taborda@tradingeconomics.com
4/4/2017 12:56:58 PM



United States Trade Last Previous Highest Lowest Unit
Balance of Trade -43557.00 -48173.00 1946.00 -67823.00 USD Million [+]
Exports 192872.00 192512.00 200236.00 772.00 USD Million [+]
Imports 236429.00 240685.00 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 -8109652.00 -7781138.00 -1232107.00 -8109652.00 USD Million [+]
Terms of Trade 99.82 100.06 168.28 91.82 Index Points [+]
Capital Flows 19332.00 121171.00 272938.00 -204242.00 USD Million [+]
Foreign Direct Investment 22963.00 41776.00 46165.00 -9988.00 USD Million [+]
Net Long Term Tic Flows 53386.00 6324.00 160371.00 -72882.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 8835.00 8783.00 10044.00 3983.00 BBL/D/1K [+]
Tourism Revenues 20828.00 20983.00 20983.00 6496.00 USD Million [+]
Tourist Arrivals 7958601.00 7674983.00 8364940.00 2095665.00 [+]
Terrorism Index 4.88 4.61 7.39 3.70 [+]
Weapons Sales 10484.00 10470.00 16120.00 1705.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-43557.00 -48173.00 1946.00 -67823.00 1950 - 2017 USD Million Monthly
SA



Last
Afghanistan -7151.00 Dec/16
Albania -31106.20 Mar/17
Algeria -1308.00 Dec/15
Angola 4470.03 Jun/16
Argentina -941.00 Mar/17
Armenia -141.60 Mar/17
Aruba -465.10 Sep/16
Australia 3574.00 Feb/17
Austria -159.00 Jan/17
Azerbaijan 1291382.00 Dec/16
Bahamas -557.30 Dec/16
Bahrain 312.40 Dec/15
Bangladesh -113.50 Jan/17
Barbados -213020.00 Nov/16
Belarus -154.80 Feb/17
Belgium 2241.40 Feb/17
Belize -106.50 Jan/17
Benin -379.80 Dec/16
Bhutan -35828.70 Dec/16
Bolivia -265.44 Dec/16
Bosnia and Herzegovina -594537.04 Mar/17
Botswana -24.00 Dec/16
Brazil 7145.00 Mar/17
Brunei 376.90 Feb/17
Bulgaria -157.40 Feb/17
Burkina Faso -86.40 Mar/16
Burundi -80703.95 Jan/17
Cambodia -994.90 Nov/16
Cameroon -1189.42 Dec/14
Canada -972.10 Feb/17
Cape Verde -6589.70 Feb/17
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 290.30 Mar/17
China 239.20 Mar/17
Colombia -0.99 Feb/17
Comoros -73203.00 Dec/16
Congo -289.80 Dec/15
Costa Rica -385.90 Mar/17
Croatia -3822.78 Feb/17
Cuba -9578.00 Dec/15
Cyprus -273026.00 Feb/17
Czech Republic 38954.00 Feb/17
Denmark 4108.40 Feb/17
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador 283225.00 Feb/17
Egypt -2084.00 Feb/17
El Salvador -350.14 Mar/17
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -96.63 Feb/17
Ethiopia -3565.10 Sep/16
Euro Area 17800.00 Feb/17
European Union 1699.20 Feb/17
Fiji -255170.00 Nov/16
Finland -280.00 Feb/17
France -6568.00 Feb/17
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -397.10 Mar/17
Germany 19881.00 Feb/17
Ghana 46.90 Dec/16
Greece -1977.80 Feb/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 -42268.00 Mar/17
Hungary 281000.00 Feb/17
Iceland -16200.00 Mar/17
India -10437.20 Mar/17
Indonesia 1234.00 Mar/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 4735800.00 Feb/17
Israel -1036.10 Mar/17
Italy 1884.00 Feb/17
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 614.72 Mar/17
Jordan -709700.00 Jan/17
Kazakhstan 1577.20 Feb/17
Kenya -76470.00 Dec/16
Kosovo -233399.00 Mar/17
Kuwait 1693.00 Dec/16
Kyrgyzstan -111.20 Feb/17
Laos -339.15 Jun/16
Latvia -151.80 Feb/17
Lebanon -1421.92 Feb/17
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -250.20 Feb/17
Luxembourg -0.63 Feb/17
Macau -5347600.00 Mar/17
Macedonia -142509.00 Feb/17
Madagascar 20810.00 Dec/16
Malawi -52012.50 Sep/16
Malaysia 8708.72 Feb/17
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -127663.00 Feb/17
Mauritania -79.64 Mar/16
Mauritius -5647.00 Feb/17
Mexico -183.00 Mar/17
Moldova -156.10 Feb/17
Monaco -119.40 Dec/16
Mongolia 189.40 Mar/17
Montenegro -165285.00 Mar/17
Morocco -11927.00 Feb/17
Mozambique 18.20 Dec/16
Myanmar -332.60 Jul/16
Namibia -10235.56 Dec/16
Nepal -65907.40 Sep/16
Netherlands 5585.00 Feb/17
New Caledonia -10978.00 Dec/16
New Zealand 332.00 Mar/17
Nicaragua -268.30 Dec/16
Niger -108402.00 Sep/16
Nigeria 227044.30 Dec/16
North Korea -476.67 Dec/15
Norway 22719.43 Mar/17
Oman 205.90 Nov/16
Pakistan -336061.00 Mar/17
Palestine -334.00 Feb/17
Panama -698306.16 Feb/17
Papua New Guinea 4593.00 Sep/16
Paraguay 118135.00 Mar/17
Peru 741.00 Feb/17
Philippines -1728241.69 Feb/17
Poland -537.00 Feb/17
Portugal -746.19 Feb/17
Puerto Rico 2830.80 Dec/16
Qatar 12321.00 Feb/17
Republic of the Congo 4092.35 Dec/10
Romania -651.60 Feb/17
Russia 10171.00 Feb/17
Rwanda -116.57 Nov/16
Sao Tome and Principe -27.04 Dec/16
Saudi Arabia 88253.00 Dec/16
Senegal -149.50 Jan/17
Serbia -469.70 Mar/17
Seychelles -23.40 Feb/17
Sierra Leone -52.89 Jun/16
Singapore 6098.90 Mar/17
Slovakia 344.00 Feb/17
Slovenia 15.03 Feb/17
Somalia -1473.48 Dec/15
South Africa 11435.19 Mar/17
South Korea 6550.00 Mar/17
South Sudan -104.70 Dec/15
Spain -2606000.00 Feb/17
Sri Lanka -773.00 Feb/17
Sudan -477522.00 Dec/16
Suriname 154.40 Dec/16
Swaziland 608.24 Sep/16
Sweden -800.00 Mar/17
Switzerland 3101.03 Mar/17
Syria 9394.50 Dec/10
Taiwan 3933.06 Mar/17
Tajikistan -117.70 Jan/17
Tanzania 150.30 Jan/17
Thailand 1616.92 Mar/17
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -1368.30 Mar/17
Turkey -4492.00 Mar/17
Turkmenistan 2181.97 Dec/15
Uganda -181.00 Feb/17
Ukraine -336.20 Feb/17
United Arab Emirates 250900.00 Dec/16
United Kingdom -3663.00 Feb/17
United States -43557.00 Feb/17
Uruguay -63419.00 Feb/17
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -800.00 Apr/17
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -197.50 Dec/16