United States Balance of Trade 1950-2014 | Data | Chart | Calendar

The United States recorded a trade deficit of 43030 USD Million in September of 2014. Balance of Trade in the United States averaged -12639.74 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.

   
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United States Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-43030.00 -39990.00 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 Wednesday, November 26, 2014.


US Trade Deficit Widens in September


The US trade gap increased to USD 43.03 billion in September compared with a revised USD 39.99 billion shortfall in August, as exports decreased to a five-month low.

Total September exports of $195.6 billion and imports of $238.6 billion resulted in a goods and services deficit of $43.0 billion, up from $40.0 billion in August, revised. September exports were $3.0 billion less than August exports of $198.6 billion. September imports were $0.1 billion more than August imports of $238.6 billion.

In September, the goods deficit increased $2.4 billion from August to $62.7 billion, and the services surplus decreased $0.6 billion from August to $19.6 billion. Exports of goods decreased $2.6 billion to $136.1 billion, and imports of goods decreased $0.1 billion to $198.7 billion. Exports of services decreased $0.4 billion to $59.5 billion, and imports of services increased $0.2 billion to $39.9 billion.

The August to September decrease in exports of goods reflected decreases in industrial supplies and materials ($2.0 billion); capital goods ($1.2 billion); consumer goods ($0.7 billion); other goods ($0.1 billion); and automotive vehicles, parts, and engines ($0.1 billion). An increase occurred in foods, feeds, and beverages ($1.3 billion).

The August to September decrease in imports of goods reflected decreases in industrial supplies and materials ($1.1 billion); capital goods ($0.9 billion); and automotive vehicles, parts, and engines ($0.5 billion). Increases occurred in consumer goods ($1.9 billion); other goods ($0.3 billion); and foods, feeds, and beverages ($0.1 billion). 

Exports of services decreased $0.4 billion from August to September. The decrease mostly reflected decreases in travel (for all purposes including education) ($0.3 billion), and in transport ($0.1 billion), which includes freight and port services and passenger fares. Changes in the other categories of services exports were relatively small and nearly offsetting.

Imports of services increased $0.2 billion from August to September, mostly reflecting an increase in transport ($0.1 billion). Changes in the other categories of services imports were relatively small.

The goods and services deficit increased $0.8 billion from September 2013 to September 2014. Exports were up $5.3 billion, or 2.8 percent, and imports were up $6.1 billion, or 2.6 percent.

US Department of Commerce | Joana Taborda | joana.taborda@tradingeconomics.com
11/4/2014 1:41:59 PM


Recent Releases

US Trade Deficit Shrinks in August
US trade gap unexpectedly decreased in August to the lowest level in seven months as exports reached a record high. Published on 2014-10-03

US Trade Deficit Narrows in July
US trade gap decreased for the third straight month to USD 40.55 billion in July from USD 40.8 billion in June as exports rose 0.9 percent while imports grew at a slower 0.7 percent. Published on 2014-09-04


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-04 01:30 PM
Balance of Trade  Jul 2014
$ -40.55B $ -40.81B (R) $ -42.2B $ -42.1B
2014-10-03 01:30 PM
Balance of Trade  Aug 2014
$ -40.1B $ -40.32B (R) $ -40.9B $ -41.1B
2014-11-04 01:30 PM
Balance of Trade  Sep 2014
$ -43.03B $ -39.99B (R) $ -40.0B $ -41.2B
2014-12-05 01:30 PM
Balance of Trade  Oct 2014
$ -43.03B $ -42.9B


United States Trade Last Previous Highest Lowest Unit
Balance of Trade -43030.00 -39990.00 1946.00 -67823.00 USD Million [+]
Exports 195590.00 198570.00 198570.00 772.00 USD Million [+]
Imports 238620.00 238568.00 239858.00 577.00 USD Million [+]
Current Account -98500.00 -102100.00 9957.00 -216063.00 USD Million [+]
Current Account to GDP -2.30 -2.70 0.20 -6.00 percent [+]
External Debt 16940277.00 16940277.00 16940277.00 -4782773.00 USD Million [+]
Terms of Trade 97.27 97.67 167.10 91.05 Index Points [+]
Foreign Direct Investment -117086.00 75453.00 140759.00 -117086.00 USD Million [+]
Capital Flows -55563.00 44765.00 272938.00 -153035.00 USD Million [+]
Net Long Term Tic Flows 164299.00 52068.00 164299.00 -72882.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 8648.00 8537.00 10044.00 3983.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2261.00 Sep/14 -1013.00 2227.00 -3892.00 AUD Million [+]
Brazil -1177.00 Oct/14 -939.00 5659.37 -4058.14 USD Million [+]
Canada 710.00 Sep/14 -463.00 8524.80 -2902.90 CAD Million [+]
China 454.05 Oct/14 309.43 498.30 -319.71 USD Hundred Million [+]
Euro Area 18486.50 Sep/14 8632.50 21553.00 -16638.00 EUR Million [+]
France -4715.00 Sep/14 -5025.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Sep/14 14100.00 23400.00 -535.91 EUR Million [+]
India -13350.00 Oct/14 -14247.42 258.90 -20210.90 USD Million [+]
Indonesia -270.30 Sep/14 -312.00 4641.92 -2329.13 USD Million [+]
Italy 2014.00 Sep/14 2056.00 6923.00 -6389.30 EUR Million [+]
Japan -709.99 Oct/14 -958.30 1608.67 -2795.04 JPY Billion [+]
Mexico 590.00 Sep/14 -1123.00 1710.25 -3292.30 USD Million [+]
Netherlands 3498.00 Sep/14 2848.00 4948.70 -907.60 EUR Million [+]
Russia 12953.00 Sep/14 15848.00 20356.00 -185.00 USD Million [+]
South Korea 7500.00 Oct/14 3430.00 7500.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3255.00 Oct/14 2489.00 3901.00 -1478.68 CHF million [+]
Turkey -6925.00 Sep/14 -8040.00 24.51 -10453.06 USD Million [+]
United Kingdom -2838.00 Sep/14 -1768.00 2946.00 -5269.00 GBP Million [+]
United States -43030.00 Sep/14 -39990.00 1946.00 -67823.00 USD Million [+]