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

The United States recorded a trade deficit of 40546 USD Million in July of 2014. Balance of Trade in the United States averaged -12565.53 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
-40546.00 -40810.00 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 Thursday, October 2, 2014.


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.

In July, the goods deficit decreased $0.2 billion from June to $60.2 billion, and the services surplus was virtually unchanged at $19.6 billion. Exports of goods increased $1.8 billion to $138.6 billion, and imports of goods increased $1.5 billion to $198.8 billion. Exports of services increased $0.1 billion to $59.4 billion, and imports of services were virtually unchanged at $39.8 billion.

The goods and services deficit increased $1.1 billion from July 2013 to July 2014. Exports were up $8.1 billion, or 4.3 percent, and imports were up $9.2 billion, or 4.0 percent. The June to July increase in exports of goods reflected increases in automotive vehicles, parts, and engines ($1.7 billion); industrial supplies and materials ($1.3 billion); and capital goods ($0.4 billion). Decreases occurred in consumer goods ($0.6 billion) and foods, feeds, and beverages ($0.6 billion). Other goods were virtually unchanged.

The June to July increase in imports of goods reflected increases in automotive vehicles, parts, and engines ($1.4 billion); other goods ($0.5 billion); industrial supplies and materials ($0.5 billion); and foods, feeds, and beverages ($0.1 billion). Decreases occurred in consumer goods ($0.5 billion) and capital goods ($0.3 billion).

The July 2013 to July 2014 increase in exports of goods reflected increases in automotive vehicles, parts, and engines ($2.8 billion); capital goods ($1.5 billion); consumer goods ($0.7 billion); other goods ($0.5 billion); foods, feeds, and beverages ($0.3 billion); and industrial supplies and materials ($0.1 billion).

The July 2013 to July 2014 increase in imports of goods reflected increases in capital goods ($3.5 billion); automotive vehicles, parts, and engines ($2.8 billion); foods, feeds, and beverages ($1.3 billion); consumer goods ($0.7 billion); and other goods ($0.5 billion). A decrease occurred in industrial supplies and materials ($0.6 billion).

Exports of services increased $0.1 billion from June to July. The increase reflected increases of less than $0.1 billion in several categories of services.

Imports of services were virtually unchanged from June to July. An increase in other business services ($0.1 billion) was mostly offset by a decrease in charges for the use of intellectual property ($0.1 billion), which decreased due to higher payments in June than in July for the rights to broadcast the 2014 soccer World Cup. Changes in the other categories of services imports were relatively small.

The July 2013 to July 2014 increase in exports of services was $2.4 billion or 4.2 percent. The largest increases were in travel (for all purposes including education) ($1.0 billion), in transport ($0.6 billion), which includes freight and port services and passenger fares, in other business services ($0.4 billion), and in financial services ($0.4 billion).

The July 2013 to July 2014 increase in imports of services was $1.3 billion or 3.5 percent. The largest increases were in travel (for all purposes including education) ($0.7 billion) and in other business services ($0.5 billion).

US Bureau of Economic Analysis | Joana Taborda | joana.taborda@tradingeconomics.com
9/4/2014 8:25:13 PM


Recent Releases

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

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


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 $ -40.55B $ -40.81B (R) $ -42.2B $ -42.1B
2014-10-03 01:30 PM United States
Balance of Trade
Aug 2014 $ -40.55B $ -40.9B $ -41.1B


Trade Last Previous Highest Lowest Unit
Balance of Trade -40546.00 -40810.00 1946.00 -67823.00 USD Million [+]
Exports 198023.00 196203.00 198023.00 772.00 USD Million [+]
Imports 238568.00 237013.00 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 -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 57700.00 -142000.00 272938.00 -153035.00 USD Million [+]
Net Long Term Tic Flows -18600.00 -18727.00 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 [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1359.00 Jul/14 -1564.00 2225.00 -3907.00 AUD Million [+]
Brazil -939.00 Sep/14 1168.00 5659.37 -4058.14 USD Million [+]
Canada 2580.00 Jul/14 1830.00 8524.80 -2902.90 CAD Million [+]
China 498.30 Aug/14 473.01 498.30 -319.71 USD Hundred Million [+]
Euro Area 21200.00 Jul/14 16700.00 21780.80 -16638.00 EUR Million [+]
France -5539.00 Jul/14 -5576.00 2674.00 -7086.00 EUR Million [+]
Germany 23400.00 Jul/14 16600.00 23400.00 -535.91 EUR Million [+]
India -10838.56 Aug/14 -12228.60 258.90 -20210.90 USD Million [+]
Indonesia -318.00 Aug/14 42.40 4641.92 -2329.13 USD Million [+]
Italy 6857.00 Jul/14 3236.30 6857.00 -6389.30 EUR Million [+]
Japan -948.50 Aug/14 -962.13 1608.67 -2795.04 JPY Billion [+]
Mexico -1123.00 Aug/14 -979.88 1710.25 -3292.30 USD Million [+]
Netherlands 2724.00 Jul/14 4455.40 4948.70 -907.60 EUR Million [+]
Russia 17068.00 Jul/14 13957.00 20356.00 -185.00 USD Million [+]
South Korea 3361.00 Sep/14 3370.00 6794.27 -4043.45 USD Million [+]
Spain -1826700.00 Jul/14 -1477012.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 1386.00 Aug/14 3901.00 3983.49 -1478.68 CHF million [+]
Turkey -8040.00 Aug/14 -6460.00 24.51 -10453.06 USD Million [+]
United Kingdom -3348.00 Jul/14 -2459.00 2946.00 -5269.00 GBP Million [+]
United States -40546.00 Jul/14 -40810.00 1946.00 -67823.00 USD Million [+]





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