U.S. Trade Balance
The U.S. trade balance, reported monthly by the Bureau of Economic Analysis, measures the net difference between exports and imports of goods and services. This comprehensive metric includes merchandise trade (70% of flows), services trade (30%), and income payments. Major export categories comprise capital goods (34%), industrial supplies (32%), consumer goods (13%), and services (intellectual property, travel, financial). Import composition shows consumer goods (24%), industrial supplies (23%), capital goods (23%), and automotive (12%). Geographic analysis reveals primary trading partners: China (14.6% of total trade), Canada (14.5%), Mexico (14.4%), and EU (16.8%). Seasonal patterns reflect agricultural cycles, holiday retail, and energy demand. The data includes detailed sector analysis, price-adjusted values, and re-export volumes. Balance trends correlate with exchange rates, relative GDP growth, and trade policy changes. This crucial indicator influences currency markets, industrial policy, and international economic relations, with significant implications for domestic employment and production patterns.
-$131,382,000,000
in Jan 2025
Source: Bureau of Economic Analysis
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