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

The United States recorded a trade deficit of 41538 USD Million in June of 2014. Balance of Trade in the United States averaged -12573.26 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
-41538.00 -44392.00 1946.00 -67823.00 1950 - 2014 USD Million Monthly
SA
The United States has been running consistent trade deficits since 1980 due to high imports of oil and consumer products. In recent years, the biggest trade deficits were recorded with China, Japan, Germany, Mexico and Saudi Arabia. United States records trade surpluses with Hong Kong, Australia, Netherlands and Belgium. 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, September 2, 2014.


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.

Total June exports of $195.9 billion and imports of $237.4 billion resulted in a goods and services deficit of $41.5 billion, down from $44.7 billion in May, revised. June exports were $0.3 billion more than May exports of $195.6 billion. June imports were $2.9 billion less than May imports of $240.3 billion.

In June, the goods deficit decreased $3.0 billion from May to $60.3 billion, and the services surplus increased $0.1 billion from May to $18.7 billion. Exports of goods increased $0.1 billion to $136.9 billion, and imports of goods decreased $2.9 billion to $197.2 billion.Exports of services increased $0.1 billion to $59.0 billion, and imports of services were virtually unchanged at $40.2 billion.

The goods and services deficit increased $5.0 billion from June 2013 to June 2014. Exports were up $5.5 billion, or 2.9 percent, and imports were up $10.5 billion, or 4.6 percent.

The May to June decrease in exports of goods reflected decreases in other goods ($0.5 billion) and foods, feeds, and beverages ($0.3 billion). Increases occurred in consumer goods ($0.4 billion); automotive vehicles, parts, and engines ($0.2 billion); and industrial supplies and materials ($0.1 billion). Capital goods were virtually unchanged.

The May to June decrease in imports of goods reflected decreases in consumer goods ($1.3 billion); automotive vehicles, parts, and engines ($1.1 billion); industrial supplies and materials ($0.5 billion); and capital goods ($0.3 billion). An increase occurred in foods, feeds, and beverages ($0.2 billion). Other goods were virtually unchanged.

The June 2013 to June 2014 increase in exports of goods reflected increases in foods, feeds, and beverages ($1.1 billion); automotive vehicles, parts, and engines ($1.0 billion); and consumer goods ($0.7 billion). A decrease occurred in industrial supplies and materials ($0.1 billion). Capital goods and other goods were virtually unchanged.

The June 2013 to June 2014 increase in imports of goods reflected increases in capital goods ($3.4 billion); consumer goods ($2.1 billion); automotive vehicles, parts, and engines ($1.9 billion); foods, feeds, and beverages ($1.2 billion); other goods ($0.1 billion); and industrial supplies and materials ($0.1 billion).

The June figures show surpluses, in billions of dollars, with Hong Kong $3.1 ($2.5 for May), Australia $1.3 ($1.2), Singapore $0.9 ($1.0), and Brazil $0.9 ($1.1). Deficits were recorded, in billions of dollars, with China $30.1 ($28.8), European Union $11.2 ($12.3),Japan $5.4 ($5.1), Germany $5.2 ($6.6), Mexico $4.9 ($4.3), OPEC $3.9 ($4.2), Ireland $2.8 ($2.1), Canada $2.7 ($2.8), Saudi Arabia $1.9 ($2.7), South Korea $1.9 ($2.7), and India $1.3 ($2.4)

US Bureau of Economic Analysis | anna@tradingeconomics.com
8/6/2014 1:42:02 PM


Recent Releases

US Trade Deficit Narrows in May
US trade gap declined more than forecast in May as exports reached a record and imports decreased. Published on 2014-07-03

US Trade Deficit Widens to 2-Year High
US trade gap increased to USD 47.2 billion in April of 2014 from a revised USD 44.2 billion in March, as imports recorded the highest value on record. Purchases of automobiles, capital goods, food and consumer goods all hit record highs in April. Published on 2014-06-04


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-06 01:30 PM United States
Balance of Trade
Mar 2014 $ -40.38B $ -41.87B (R) $ -40.3B $ -41B
2014-06-04 01:30 PM United States
Balance of Trade
Apr 2014 $ -47.24B $ -44.18B (R) $-40.40B $ -40.5B
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 $ -41.54B $ -42.2B $ -42.1B


Trade Last Previous Highest Lowest Unit
Balance of Trade -41538.00 -44392.00 1946.00 -67823.00 USD Million [+]
Exports 195863.00 195598.00 195863.00 772.00 USD Million [+]
Imports 237401.00 240261.00 240541.00 577.00 USD Million [+]
Current Account -111156.00 -87317.00 9957.00 -216063.00 USD Million [+]
Current Account to GDP -2.30 -2.70 0.20 -6.00 Percent [+]
External Debt -4782773.00 -4577504.00 360347.00 -4782773.00 USD Million [+]
Terms of Trade 97.51 98.10 167.10 91.05 Index Points [+]
Foreign Direct Investment -117086.00 75453.00 140759.00 -117086.00 USD Million [+]
Capital Flows -153500.00 31100.00 272938.00 -167122.00 USD Million [+]
Net Long-term Tic Flows -18700.00 18600.00 139697.00 -72882.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 8357.00 8378.00 10044.00 3983.00 BBL/D/1K [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1683.00 Jun/14 -2043.00 2225.00 -3907.00 AUD Million [+]
Brazil 1168.00 Aug/14 1573.96 5659.37 -4058.14 USD Million [+]
Canada 1859.60 Jun/14 576.00 8524.80 -2902.90 CAD Million [+]
China 473.01 Jul/14 315.65 473.00 -319.71 USD Hundred Million [+]
Euro Area 16808.50 Jun/14 15400.00 21780.80 -16638.00 EUR Million [+]
France -5380.00 Jun/14 -5129.00 2674.00 -7004.00 EUR Million [+]
Germany 16405.95 Jun/14 18172.20 21410.60 -535.91 EUR Million [+]
India -12228.60 Jul/14 -11763.20 258.90 -20210.90 USD Million [+]
Indonesia 130.00 Jul/14 -288.00 4641.92 -2329.13 USD Million [+]
Italy 3675.63 May/14 3517.00 6382.91 -6389.31 EUR Million [+]
Japan -963.99 Jul/14 -823.20 1608.67 -2795.04 JPY Billion [+]
Mexico -979.88 Jul/14 423.73 1710.25 -3292.30 USD Million [+]
Netherlands 4773.00 Jun/14 3337.10 4948.70 -907.60 EUR Million [+]
Russia 13957.00 Jun/14 18280.00 20356.00 -185.00 USD Million [+]
South Korea 3400.00 Aug/14 2398.95 6794.27 -4043.45 USD Million [+]
Spain -1477012.00 Jun/14 -1756166.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3983.49 Jul/14 1412.00 3983.49 -1478.68 CHF million [+]
Turkey -6460.00 Jul/14 -7853.06 24.51 -10453.06 USD Million [+]
United Kingdom -2459.00 Jun/14 -2364.00 2946.00 -5269.00 GBP Million [+]
United States -41538.00 Jun/14 -44392.00 1946.00 -67823.00 USD Million [+]





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