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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 Million1950 - 2020U.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

DATETIMETITLE
Jan 7, 202014:15US Trade Gap Lowest in Over 3 Years
Dec 5, 201914:15US Trade Gap Lowest in 17 Months
Nov 5, 201915:10US Trade Gap Lowest in 5 Months
Oct 4, 201912:57US Trade Deficit Widens in August
Sep 4, 201912:53US Trade Deficit Larger than Expected
Aug 2, 201913:00US Trade Deficit Little-Changed in June
Jul 3, 201912:58US Trade Deficit Largest in 5 Months
DATETIMEEVENTActual
Jul 2, 202012:30Balance of Trade-54.6 B
Jun 4, 202012:30Balance of Trade-49.4 B
May 5, 202012:30Balance of Trade-44.4 B
Apr 2, 202012:30Balance of Trade-39.9 B
Mar 6, 202013:30Balance of Trade-45.3 B
Feb 5, 202013:30Balance of Trade-48.9 B
Jan 7, 202013:30Balance of Trade-43.1 B

A Look at the Markets

Educational Pieces on Marco Indicators

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United States trade Indicators

All United States indicators
Indicator
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 MillionMonthly1950 - 2020
Capital Flows
125,285
Apr 2020
349,900
Mar 2020
-194,622
Sep 2015
349,900
Mar 2020
USD MillionMonthly1978 - 2020
Crude Oil Production
12,716
Mar 2020
12,779
Dec 2019
3,971
Sep 2008
12,879
Nov 2019
BBL/D/1KMonthly1950 - 2020
Current Account
-104,204
Mar 2020
-104,324
Dec 2019
-215,769
Sep 2006
9,957
Mar 1991
USD MillionQuarterly1960 - 2020
Current Account to GDP
-2.3
Dec 2019
-2.4
Dec 2018
-6
Dec 2006
0.2
Dec 1981
%Yearly1980 - 2019
Exports
144,514
May 2020
151,281
Apr 2020
772
May 1950
213,341
May 2018
USD MillionMonthly1950 - 2020

Balance of Trade across North America

Balance of Trade global view
Country
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 MillionMonthly1971 - 2020
Mexico
-3,523
May 2020
-3,087
Apr 2020
-4,642.52
Jan 2019
3,335.53
Mar 2020
USD MillionMonthly1980 - 2020
Puerto Rico
2,154.9
Dec 2019
1,267.1
Nov 2019
-187.5
Nov 2006
5,218.4
Dec 2010
USD MillionMonthly2003 - 2019
United States
-54,601
May 2020
-49,408
Apr 2020
-67,823
Aug 2006
1,946
Jun 1975
USD MillionMonthly1950 - 2020

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