United States Balance of Trade  1950-2016 | Data | Chart | Calendar

The trade gap in the United States increased to $42.6 billion in October of 2016, up $6.4 billion from a downwardly revised $36.2 billion in September. Exports recorded the biggest decline since January due to lower shipments of food, industrial supplies and materials, automobiles, consumer goods and soybeans while imports reached the highest in 14 months. Balance of Trade in the United States averaged -13521.41 USD Million from 1950 until 2016, 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)
2016-10-05 12:30 PM Aug $-40.73B $-39.55B $-39.3B $ -40B
2016-11-04 12:30 PM Sep $-36.44B $-40.46B $-37.8B $ -40B
2016-12-06 01:30 PM Oct $-42.6B $-36.2B $-41.8B $ -39B
2017-01-06 01:30 PM Nov $-42.6B $ -40.5B
2017-02-06 01:30 PM Dec $ -39.4B
2017-03-03 01:30 PM Jan $ -40.9B




US Trade Deficit Widens to 4-Month High in October


The trade gap in the United States increased to $42.6 billion in October of 2016, up $6.4 billion from a downwardly revised $36.2 billion in September. Exports recorded the biggest decline since January due to lower shipments of food, industrial supplies and materials, automobiles, consumer goods and soybeans while imports reached the highest in 14 months.

The goods deficit widened by $6.3 billion to $63.4 billion while the services surplus narrowed by $0.1 billion to $20.8 billion.

Total exports of goods and services declined 1.8 percent to $186.4 billion. Sales of goods decreased $3.5 billion to $123.1 billion in October: foods, feeds, and beverages decreased $1.4 billion; soybeans fell $1.0 billion; corn went down $0.5 billion; industrial supplies and materials decreased $1.0 billion; nonmonetary gold dropped $0.5 billion; fuel oil decreased $0.5 billion and consumer goods went down $0.9 billion. Exports of services increased $0.1 billion to $63.3 billion, with transport, which includes freight and port services and passenger fares, rising $0.1 billion.

Total imports rose 1.3 percent to $229.0 billion. Imports of goods increased $2.8 billion to $186.5 billion: pharmaceutical preparations increased $0.7 billion; cell phones and other household goods went up $0.4 billion; capital goods rose $1.1 billion and computer accessories increased $0.6 billion while automotive vehicles, parts, and engines decreased $0.7 billion. Imports of services rose $0.2 billion to $42.4 billion: transport increased $0.2 billion.

Year-to-date, the goods and services deficit decreased $8.8 billion, or 2.1 percent, from the same period in 2015. Exports shrank $58.7 billion or 3.1 percent. Imports decreased $67.5 billion or 2.9 percent.


BEA | Joana Taborda | joana.taborda@tradingeconomics.com
12/6/2016 2:02:50 PM



United States Trade Last Previous Highest Lowest Unit
Balance of Trade -42601.00 -36166.00 1946.00 -67823.00 USD Million [+]
Exports 186361.00 189774.00 200236.00 772.00 USD Million [+]
Imports 228962.00 225940.00 241483.00 577.00 USD Million [+]
Current Account -119885.00 -131838.00 9957.00 -216063.00 USD Million [+]
Current Account to GDP -2.70 -2.20 0.20 -6.00 percent [+]
External Debt -8042807.00 -7525643.00 -1232107.00 -8042807.00 USD Million [+]
Terms of Trade 100.06 100.27 168.28 91.82 Index Points [+]
Capital Flows -152896.00 40009.00 272938.00 -200389.00 USD Million [+]
Foreign Direct Investment 39294.00 35823.00 46165.00 -9988.00 USD Million [+]
Net Long Term Tic Flows -26213.00 45459.00 160371.00 -72882.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 8744.00 8685.00 10044.00 3983.00 BBL/D/1K [+]
Terrorism Index 4.88 4.61 7.39 3.70 [+]
Tourist Arrivals 5978189.00 6164558.00 8364940.00 2095665.00 [+]
Weapons Sales 10484.00 10470.00 16120.00 1705.00 USD Million [+]



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. 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-42601.00 -36166.00 1946.00 -67823.00 1950 - 2016 USD Million Monthly
SA



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Afghanistan -7159.00 Dec/15
Albania -28104.70 Oct/16
Algeria -1308.00 Dec/15
Angola 3002.24 Dec/15
Argentina -114.00 Oct/16
Armenia -157.70 Oct/16
Aruba -423.80 Jun/16
Australia -1227.00 Sep/16
Austria -785.00 Aug/16
Azerbaijan 1311894.00 Jun/16
Bahamas -428.30 Jun/16
Bahrain 1513.00 Dec/15
Bangladesh -51.80 Aug/16
Barbados -181864.00 Jun/16
Belarus -145.00 Sep/16
Belgium 2898.90 Sep/16
Belize -138.84 Sep/16
Benin -278.15 Sep/16
Bhutan -26021.60 Dec/15
Bolivia -103.32 Jul/16
Bosnia and Herzegovina -534734.90 Sep/16
Botswana 3238.80 Sep/16
Brazil 4757.00 Nov/16
Brunei 283.10 Sep/16
Bulgaria 89.40 Sep/16
Burkina Faso -86.40 Mar/16
Burundi -118434.20 Aug/16
Cambodia -203.30 Jul/16
Cameroon -1054.40 Dec/13
Canada -1130.00 Oct/16
Cape Verde -5397.60 Oct/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 43.13 Nov/16
China 490.56 Oct/16
Colombia -1.24 Sep/16
Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -461.20 Oct/16
Croatia -3973.71 Sep/16
Cuba -9578.00 Dec/15
Cyprus -283281.00 Sep/16
Czech Republic 47421.10 Oct/16
Denmark 4458.60 Sep/16
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -39175.91 Jun/16
Ecuador 5050.00 Sep/16
Egypt -2577.00 Sep/16
El Salvador -386.50 Oct/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -62.26 Sep/16
Ethiopia -3254.50 Jun/16
Euro Area 26481.80 Sep/16
European Union 510.20 Sep/16
Fiji -172126.00 Jun/16
Finland -70.00 Sep/16
France -5202.00 Oct/16
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -472.40 Oct/16
Germany 24400.00 Sep/16
Ghana -712.40 Jun/16
Greece -1358.70 Sep/16
Guatemala -615.90 Sep/16
Guinea -308.73 Jun/16
Guinea Bissau -23.80 Dec/14
Guyana -13.70 Jun/16
Haiti -229.96 Jun/16
Honduras -479.70 Aug/16
Hong Kong -37223.00 Oct/16
Hungary 310582.87 Sep/16
Iceland -12300.00 Nov/16
India -10160.00 Oct/16
Indonesia 1206.80 Oct/16
Iran 4258.00 Dec/15
Iraq 4397.00 Dec/15
Ireland 3769800.00 Sep/16
Israel -1354.00 Oct/16
Italy 3669.89 Sep/16
Ivory Coast 1256.00 Dec/15
Jamaica -680800.00 Mar/16
Japan 496.17 Oct/16
Jordan -536755.50 Sep/16
Kazakhstan 1044.90 Sep/16
Kenya -78222.90 Sep/16
Kosovo -214200.00 Oct/16
Kuwait 1222.30 Jun/16
Kyrgyzstan -184.40 Sep/16
Laos -594.89 Dec/15
Latvia -87.10 Sep/16
Lebanon -1193.95 Sep/16
Lesotho -2324.11 Jun/16
Liberia -80.10 Jun/16
Libya -7687.60 Dec/15
Liechtenstein 327117.00 Sep/16
Lithuania -86.80 Sep/16
Luxembourg -0.43 Sep/16
Macau -5326200.00 Oct/16
Macedonia -177613.00 Oct/16
Madagascar -234693.00 Sep/16
Malawi -53950.00 Mar/16
Malaysia 9756.67 Oct/16
Maldives -155.00 Aug/16
Mali -226.10 Sep/15
Malta -273000.00 Oct/16
Mauritania -79.64 Mar/16
Mauritius -6179.00 Sep/16
Mexico -900.00 Oct/16
Moldova -168.10 Sep/16
Monaco -104.50 Jun/16
Mongolia 72.90 Oct/16
Montenegro -138195.00 Oct/16
Morocco -12712.00 Sep/16
Mozambique -434.30 Sep/16
Myanmar -198.70 Feb/16
Namibia -8369.58 Jun/16
Nepal -77662.70 Mar/16
Netherlands 5421.00 Sep/16
New Caledonia -12812.00 Aug/16
New Zealand -846.00 Oct/16
Nicaragua -196.00 Aug/16
Niger -132100.00 Jun/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 10360.56 Oct/16
Oman 30.50 Jun/16
Pakistan -237429.00 Oct/16
Palestine -339.90 Sep/16
Panama -893332.80 Sep/16
Papua New Guinea 4636.00 Mar/16
Paraguay -176241.00 Oct/16
Peru 274.70 Oct/16
Philippines -1890000.00 Sep/16
Poland -200.00 Sep/16
Portugal -920.83 Sep/16
Puerto Rico 747.70 Aug/16
Qatar 7703.00 Oct/16
Republic of the Congo 4092.35 Dec/10
Romania -786.80 Sep/16
Russia 7383.00 Sep/16
Rwanda -127.35 Jul/16
Sao Tome and Principe -29.78 Sep/16
Saudi Arabia 56231.00 Jun/16
Senegal -168.70 Sep/16
Serbia -380.50 Oct/16
Seychelles -40.23 Oct/16
Sierra Leone -52.89 Jun/16
Singapore 5156.80 Oct/16
Slovakia 457.00 Sep/16
Slovenia 173.43 Sep/16
Somalia -1473.48 Dec/15
South Africa -4410.97 Oct/16
South Korea 7992.05 Nov/16
South Sudan -104.70 Dec/15
Spain -2230800.00 Sep/16
Sri Lanka -645.00 Sep/16
Sudan -424613.00 Jun/16
Suriname 42.20 Sep/16
Swaziland 1037.15 Mar/16
Sweden -2700.00 Oct/16
Switzerland 2678.34 Oct/16
Syria 9394.50 Dec/10
Taiwan 4264.00 Nov/16
Tajikistan -198.20 Oct/16
Tanzania -101.00 Sep/16
Thailand 250.00 Oct/16
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -1454.50 Oct/16
Turkey -4160.00 Oct/16
Turkmenistan 2181.97 Dec/15
Uganda -171.20 Oct/16
Ukraine -295.00 Sep/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -5221.00 Sep/16
United States -42601.00 Oct/16
Uruguay -45370.00 Oct/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -400.00 Nov/16
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16