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- Gold:1,777.13-8.6400-0.48%
- GBP/JPY:134.41+0.2375+0.18%
- Bitcoin:9,324.59+237.45+2.61%
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United States Balance of Trade
Last Release
May 2020
Actual
-54601 USD Million
Forecast
-50000000000 USD Million
Previous
-49408 USD Million
Frequency
Monthly
Units In
USD Million
Next Release
Aug 5, 2020
Time to Release
29 Days 2 Hours
Highest | Lowest | Average | Date Range | Source |
1946 USD Million Jun 1975 | -67823 USD Million Aug 2006 | -15,323.43 USD Million | 1950 - 2020 | U.S. Census Bureau |
The United States has been running consistent trade deficits since 1976 due to high imports of oil and consumer products. In 2018, the biggest trade deficits were recorded with China, Mexico, Germany, Japan, Ireland, Vietnam and Italy and the biggest trade surpluses with Hong Kong, Netherlands, Australia, United Arab Emirates, Belgium, Brazil and Panama. China is the top trading partner, accounting for 16 percent of total trade, followed by Canada (15 percent) and Mexico (15 percent).
Latest Updates
The US trade deficit narrowed to $43.1 billion in November of 2019 from a downwardly revised $46.9 billion gap in the previous month. It compares with market expectations of a $43.8 billion shortfall. The trade gap shrank for the third straight month to the lowest since October 2016. Year-to-date, the total deficit decreased $3.9 billion. The trade war with China seems to be the main cause behind the lowest trade gap. Although a lower trade deficit is likely to impact positively on GDP growth, concerns remain over the impact of falling imports in consumer spending, the largest component of GDP.
United States Balance of Trade History
Last 12 readings
Latest Releases and Calendar Events
News
All News| DATE | TIME | TITLE |
|---|---|---|
| Jan 7, 2020 | 14:15 | US Trade Gap Lowest in Over 3 Years |
| Dec 5, 2019 | 14:15 | US Trade Gap Lowest in 17 Months |
| Nov 5, 2019 | 15:10 | US Trade Gap Lowest in 5 Months |
| Oct 4, 2019 | 12:57 | US Trade Deficit Widens in August |
| Sep 4, 2019 | 12:53 | US Trade Deficit Larger than Expected |
| Aug 2, 2019 | 13:00 | US Trade Deficit Little-Changed in June |
| Jul 3, 2019 | 12:58 | US Trade Deficit Largest in 5 Months |
Calendar
ECONOMIC CALENDAR| DATE | TIME | EVENT | Actual |
|---|---|---|---|
| Jul 2, 2020 | 12:30 | Balance of Trade | -54.6 B |
| Jun 4, 2020 | 12:30 | Balance of Trade | -49.4 B |
| May 5, 2020 | 12:30 | Balance of Trade | -44.4 B |
| Apr 2, 2020 | 12:30 | Balance of Trade | -39.9 B |
| Mar 6, 2020 | 13:30 | Balance of Trade | -45.3 B |
| Feb 5, 2020 | 13:30 | Balance of Trade | -48.9 B |
| Jan 7, 2020 | 13:30 | Balance of Trade | -43.1 B |
A Look at the Markets
Educational Pieces on Marco Indicators
all education articles
United States trade Indicators
All United States indicatorsIndicator | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Balance of Trade | -54,601 May 2020 | -49,408 Apr 2020 | -67,823 Aug 2006 | 1,946 Jun 1975 | USD Million | Monthly | 1950 - 2020 |
| Capital Flows | 125,285 Apr 2020 | 349,900 Mar 2020 | -194,622 Sep 2015 | 349,900 Mar 2020 | USD Million | Monthly | 1978 - 2020 |
| Crude Oil Production | 12,716 Mar 2020 | 12,779 Dec 2019 | 3,971 Sep 2008 | 12,879 Nov 2019 | BBL/D/1K | Monthly | 1950 - 2020 |
| Current Account | -104,204 Mar 2020 | -104,324 Dec 2019 | -215,769 Sep 2006 | 9,957 Mar 1991 | USD Million | Quarterly | 1960 - 2020 |
| Current Account to GDP | -2.3 Dec 2019 | -2.4 Dec 2018 | -6 Dec 2006 | 0.2 Dec 1981 | % | Yearly | 1980 - 2019 |
| Exports | 144,514 May 2020 | 151,281 Apr 2020 | 772 May 1950 | 213,341 May 2018 | USD Million | Monthly | 1950 - 2020 |
Balance of Trade across North America
Balance of Trade global viewCountry | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| Canada | -676.7 May 2020 | -3,250.6 Apr 2020 | -4,953.1 Dec 2018 | 8,524.8 Jan 2001 | CAD Million | Monthly | 1971 - 2020 |
| Mexico | -3,523 May 2020 | -3,087 Apr 2020 | -4,642.52 Jan 2019 | 3,335.53 Mar 2020 | USD Million | Monthly | 1980 - 2020 |
| Puerto Rico | 2,154.9 Dec 2019 | 1,267.1 Nov 2019 | -187.5 Nov 2006 | 5,218.4 Dec 2010 | USD Million | Monthly | 2003 - 2019 |
| United States | -54,601 May 2020 | -49,408 Apr 2020 | -67,823 Aug 2006 | 1,946 Jun 1975 | USD Million | Monthly | 1950 - 2020 |
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