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

The United States recorded a trade deficit of 43400 USD Million in October of 2014. Balance of Trade in the United States averaged -12680.01 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.

      Forecast    
United States Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
-43400.00 -43600.00 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 Sunday, December 21, 2014.


US Trade Deficit Narrows in October


US trade gap narrowed by 0.4 percent to $43.4 billion from the prior month’s revised $43.6 billion as exports and imports increased.

Exports went up by 1.2 percent to $197.5 billion from $195.2 billion in September. The increase was led by record sales of capital goods as customers abroad bought more American-made aircraft, generators and industrial equipment.

Imports increased by 0.9 percent to $241 billion from $238.8 billion in September. Shipments of capital goods, foods, feeds and beverages were the highest on record while demand for foreign cars and parts also surged.

The October figures show surpluses, with South and Central America ($2.3B), Brazil ($0.8), and United Kingdom ($0.3). Deficits were recorded, with China ($29.6), European Union ($11.2), Germany ($6.3), Japan ($5.9), Mexico ($5.4), Canada ($3.0), South Korea ($2.4), OPEC ($2.2), Italy ($2.2), India ($2.0), Saudi Arabia ($1.2), and France ($1.0).


BEA | anna@tradingeconomics.com
12/5/2014 1:56:17 PM


Recent Releases

US Trade Deficit Widens in September
The US trade gap increased to USD 43.03 billion in September compared with a revised USD 39.99 billion shortfall in August, as exports decreased to a five-month low. Published on 2014-11-04

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. Published on 2014-10-03


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-10-03 01:30 PM
Balance of Trade  Aug
$ -40.1B $ -40.32B (R) $ -40.9B $ -41.1B
2014-11-04 01:30 PM
Balance of Trade  Sep
$ -43.03B $ -39.99B (R) $ -40.0B $ -41.2B
2014-12-05 01:30 PM
Balance of Trade  Oct
$-43.4B $ -43.6B (R) $ -41.2B $ -42.9B
2015-01-07 01:30 PM
Balance of Trade  Nov
$-43.4B $ -43.8B
2015-02-05 01:30 PM
Balance of Trade  Dec
$ -45.6B
2015-03-06 01:30 PM
Balance of Trade  Jan
$ -45.8B


United States Trade Last Previous Highest Lowest Unit
Balance of Trade -43400.00 -43600.00 1946.00 -67823.00 USD Million [+]
Exports 197537.00 195232.00 198570.00 772.00 USD Million [+]
Imports 240970.00 238835.00 240970.00 577.00 USD Million [+]
Current Account -100255.00 -98417.00 9957.00 -216063.00 USD Million [+]
Current Account to GDP -2.30 -2.70 0.20 -6.00 percent [+]
External Debt -5445100.00 -5511678.00 -1232107.00 -5523614.00 USD Million [+]
Terms of Trade 97.37 97.67 167.10 91.05 Index Points [+]
Foreign Direct Investment 40916.00 41969.00 46165.00 -9988.00 USD Million [+]
Capital Flows 178358.00 -57211.00 272938.00 -153035.00 USD Million [+]
Net Long Term Tic Flows -1353.00 164299.00 164299.00 -72882.00 USD Million [+]
Gold Reserves 8133.46 8133.46 8149.05 8133.46 Tonnes [+]
Crude Oil Production 8864.00 8648.00 10044.00 3983.00 BBL/D/1K [+]
Tourist Arrivals 8381604.00 7342650.00 8381604.00 2095665.00 Persons [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1323.00 Oct/14 -2235.00 2226.00 -3892.00 AUD Million [+]
Brazil -2350.52 Nov/14 -1177.00 5659.37 -4058.14 USD Million [+]
Canada 100.00 Oct/14 310.00 8524.80 -2902.90 CAD Million [+]
China 544.74 Nov/14 454.05 544.74 -319.71 USD Hundred Million [+]
Euro Area 24000.00 Oct/14 18100.00 24000.00 -16638.00 EUR Million [+]
France -4608.00 Oct/14 -4715.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Oct/14 22100.00 23400.00 -535.91 EUR Million [+]
India -16860.00 Nov/14 -13350.00 258.90 -20210.90 USD Million [+]
Indonesia 20.00 Oct/14 -270.30 4641.92 -2329.13 USD Million [+]
Italy 5397.00 Oct/14 2020.00 6923.00 -6389.30 EUR Million [+]
Japan -891.85 Nov/14 -709.99 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 5195.00 Oct/14 4707.00 5195.00 -907.60 EUR Million [+]
Russia 13595.00 Oct/14 12953.00 20356.00 -185.00 USD Million [+]
South Korea 5606.00 Nov/14 7380.00 7380.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.00 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -6251.72 Oct/14 -6925.00 24.51 -10453.06 USD Million [+]
United Kingdom -2024.00 Oct/14 -2822.00 2946.00 -5397.00 GBP Million [+]
United States -43400.00 Oct/14 -43600.00 1946.00 -67823.00 USD Million [+]