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U.S. trade balance for 2019 was $-578.50B, a 2.46% decline from 2018. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
From 1800-1870, the United States ran a trade deficit for all but three years and the trade balance averaged about –2.2 percent of GDP. Then from 1870-1970, it ran persistent trade surpluses that averaged about 1.1 percent of GDP.
The trade deficit in the US widened to $84.4 billion in September 2024, the highest since April 2022, and slightly above forecasts of a $84.1 billion gap, and compared to a downwardly revised $70.8 billion shortfall in August.
The real goods deficit decreased $90.1 billion, or 8.0 percent, to $1,035.1 billion in 2023, compared to a 9.6 percent decrease in the nominal deficit. Real exports of goods increased $32.5 billion, or 1.9 percent, to $1,701.9 billion, compared to a 2.2 percent decrease in nominal exports.
United States trade deficits from 1997 to 2021. Deficits are over 50 billion dollars as of 2021 with the countries shown. Data from the US Census Bureau. The balance of trade of the United States moved into substantial deficit from the late 1990s, especially with China and other Asian countries.
The trade deficit in the US widened to $84.4 billion in September 2024, the highest since April 2022, and slightly above forecasts of a $84.1 billion gap, and compared to a downwardly...
U.S. International Trade in Goods and Services. Graph and download economic data for Trade Balance: Goods and Services, Balance of Payments Basis (BOPGSTB) from Jan 1992 to Sep 2024 about BOP, balance, headline figure, trade, goods, services, and USA.
The U.S. monthly international trade deficit increased in September 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $70.8 billion in August (revised) to $84.4 billion in September, as exports decreased and imports increased.
In 2022, the U.S. trade deficit for goods hit $1.31 trillion, consisting of more than $3 trillion in imports and offset by $2 trillion in exports. That’s a growth of 40% over a decade from a deficit $791 billion in 2012.
The U.S. merchandise trade deficit is an accounting of the net balance of exports and imports of goods, one component of the overall balance of payments. A broader measure of U.S. global economic engagement, the current account, includes trade in goods, services and some income flows.