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

The United States recorded a trade deficit of 40109 USD Million in August of 2014. Balance of Trade in the United States averaged -12600.73 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.

   
 
 

United States Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-40109.00 -40321.00 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 Friday, October 31, 2014.


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.

August exports of $198.5 billion and imports of $238.6 billion resulted in a goods and services deficit of $40.1 billion, down from $40.3 billion in July, revised. August exports were $0.4 billion more than July exports of $198.0 billion. August imports were $0.2 billion more than July imports of $238.3 billion.

In August, the goods deficit increased $0.1 billion from July to $59.9 billion, and the services surplus increased $0.3 billion from July to $19.8 billion. Exports of goods increased $0.1 billion to $138.8 billion, and imports of goods increased $0.1 billion to $198.7 billion. Exports of services increased $0.4 billion to $59.6 billion, and imports of services increased $0.1 billion to $39.9 billion.

The goods and services deficit increased $0.6 billion from August 2013 to August 2014. Exports were up $7.9 billion, or 4.1 percent, and imports were up $8.4 billion, or 3.7 percent.

The July to August increase in exports of goods reflected increases in capital goods ($1.0 billion); consumer goods ($0.8 billion); industrial supplies and materials ($0.7 billion); and other goods ($0.4 billion). Decreases occurred in automotive vehicles, parts, and engines ($1.7 billion) and foods, feeds, and beverages ($0.6 billion).

The July to August increase in imports of goods reflected increases in capital goods ($1.8 billion) and consumer goods ($0.7 billion). Decreases occurred in automotive vehicles, parts, and engines ($1.4 billion); other goods ($0.5 billion); foods, feeds, and beverages ($0.3 billion); and industrial supplies and materials ($0.2 billion).

The August 2013 to August 2014 increase in exports of goods reflected increases in capital goods ($2.4 billion); consumer goods ($1.6 billion); industrial supplies and materials ($1.4 billion); other goods ($0.8 billion); and automotive vehicles, parts, and engines ($0.5 billion). Foods, feeds, and beverages were virtually unchanged.

The August 2013 to August 2014 increase in imports of goods reflected increases in capital goods ($4.1 billion); consumer goods ($2.0 billion); automotive vehicles, parts, and engines ($1.4 billion); foods, feeds, and beverages ($0.9 billion); and other goods ($0.1 billion). A decrease occurred in industrial supplies and materials ($1.0 billion).

The August figures show surpluses, in billions of dollars, with Hong Kong $2.8 ($2.1 for July), Australia $1.4 ($1.6), Singapore $1.0 ($0.9), and Brazil $1.0 ($0.5). Deficits were recorded, in billions of dollars, with China $30.2 ($30.9), European Union $11.0 ($13.2), Germany $7.1 ($6.4), Japan $4.7 ($6.2), OPEC $3.2 ($6.2), Canada $2.3 ($3.0), Ireland $2.2 ($1.8), India $1.9 ($2.1), South Korea $1.8 ($2.5), Saudi Arabia $1.5 ($2.8), and Venezuela $1.3 ($2.2).

Advanced technology products exports were $28.9 billion in August and imports were $33.4 billion, resulting in a deficit of $4.5 billion. August exports were $1.7 billion more than the $27.1 billion in July, while August imports were $0.7 billion less than the $34.0 billion in July.

US Department of Commerce | anna@tradingeconomics.com
10/3/2014 1:47:56 PM


Recent Releases

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

US Trade Deficit Narrows in June
US trade gap shrank to five-month low in June as imports dropped the most in a year and exports increased slightly. Published on 2014-08-06


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-07-03 01:30 PM United States
Balance of Trade
May 2014 $ -44.39B $ -47.04B (R) $ -45.0B $ -44.04B
2014-08-06 01:30 PM United States
Balance of Trade
Jun 2014 $ -41.54B $ -44.66B (R) $ -44.70B $ -44.4B
2014-09-04 01:30 PM United States
Balance of Trade
Jul 2014 $ -40.55B $ -40.81B (R) $ -42.2B $ -42.1B
2014-10-03 01:30 PM United States
Balance of Trade
Aug 2014 $ -40.1B $ -40.32B (R) $ -40.9B $ -41.1B
2014-11-04 01:30 PM United States
Balance of Trade
Sep 2014 $ -40.1B $ -40.0B $ -41.2B


United States Trade Last Previous Highest Lowest Unit
Balance of Trade -40109.00 -40321.00 1946.00 -67823.00 USD Million [+]
Exports 198459.00 198025.00 198459.00 772.00 USD Million [+]
Imports 238568.00 238346.00 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 -4782773.00 16940277.00 -4782773.00 USD Million [+]
Terms of Trade 97.67 98.10 167.10 91.05 Index Points [+]
Foreign Direct Investment -117086.00 75453.00 140759.00 -117086.00 USD Million [+]
Capital Flows 74547.00 60200.00 272938.00 -153035.00 USD Million [+]
Net Long Term Tic Flows 52100.00 -18600.00 139697.00 -72882.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 8537.00 8531.00 10044.00 3983.00 BBL/D/1K [+]