United States Balance of Trade

The United States recorded a trade deficit of 44392 USD Million in May of 2014. Balance of Trade in the United States averaged -12539.52 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
-44392.00 -47037.00 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.


US Trade Deficit Narrows in May


US trade gap declined more than forecast in May as exports reached a record and imports decreased.

May exports of $195.5 billion and imports of $239.8 billion resulted in a goods and services deficit of $44.4 billion, down from $47.0 billion in April, revised. May exports were $2.0 billion more than April exports of $193.5 billion. May imports were $0.7 billion less than April imports of $240.5 billion.

In May, the goods deficit decreased $2.4 billion from April  to $63.3 billion, and the services surplus increased $0.3 billion from April to $18.9 billion. Exports of goods ncreased $1.6 billion to $136.7 billion, and imports of goods decreased $0.7 billion to $200.0 billion. Exports of services increased $0.3 billion to $58.8 billion, and imports of services were virtually unchanged at $39.9 billion.

The goods and services deficit decreased $0.4 billion from May 2013 to May 2014. Exports were up $8.3 billion, or 4.4 percent, and imports were up $7.8 billion, or 3.4 percent.

The April to May increase in exports of goods reflected increases in automotive vehicles, parts, and engines ($0.8 billion); other goods ($0.5 billion); consumer goods ($0.4 illion); industrial supplies and materials ($0.2 billion); and foods, feeds, and beverages ($0.1 billion).  A decrease occurred in capital goods ($0.2 billion).

The April to May decrease in imports of goods reflected decreases in industrial supplies and materials ($1.7 billion); other goods ($0.7 billion); consumer goods ($0.5 billion); and foods, feeds, and beverages ($0.2 billion). Increases occurred in automotive vehicles, parts, and engines ($1.3 billion) and capital goods ($1.0 billion).

The May 2013 to May 2014 increase in exports of goods reflected increases in foods, feeds, and beverages ($1.7 billion); industrial supplies and materials ($1.4 billion); consumer goods ($1.1 billion); other goods ($0.8 billion); capital goods ($0.8 billion); and automotive vehicles, parts, and engines ($0.5 billion).

The May 2013 to May 2014 increase in imports of goods reflected increases in capital goods ($4.0 billion); automotive vehicles, parts, and engines ($2.4 billion); consumer goods ($1.4 billion); and  foods, feeds, and beverages ($0.7 billion). Decreases occurred in industrial supplies and materials ($1.5 billion) and other goods ($0.8 billion).

U.S. Census Bureau | anna@tradingeconomics.com
7/3/2014 1:43:39 PM


Recent Releases

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

US Trade Deficit Narrows in March
U.S. trade gap fell 3.6 percent to $40.4 billion in March from $41.9 billion in February as exports rebounded to the second highest level on record supported by increase in shipments of gas, oil, commercial aircraft, cars and farm goods. Published on 2014-05-06


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-03 01:30 PM United States
Balance of Trade
Feb 2014 $ -42.3B $-39.28B (R) $-38.50B $ -38.3B
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 $ -44.39B $ -43.60B $ -44.4B


Trade Last Previous Highest Lowest Unit
Balance of Trade -44392.00 -47037.00 1946.00 -67823.00 USD Million [+]
Exports 195456.00 193505.00 195456.00 772.00 USD Million [+]
Imports 239848.00 240541.00 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 2.00 98.10 167.10 2.00 Index Points [+]
Foreign Direct Investment -117086.00 75453.00 140759.00 -117086.00 USD Million [+]
Capital Flows 35478.00 120900.00 272938.00 -153025.00 USD Million [+]
Net Long-term Tic Flows 19413.00 -41200.00 139697.00 -72882.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 8378.00 8191.00 10044.00 3983.00 BBL/D/1K [+]





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