The US trade deficit on goods narrowed to USD 71.0 billion in June 2020 from a revised USD 75.4 billion in the previous month, as global demand recovers from the coronavirus crisis shock, a revised figures showed.

Goods Trade Balance in the United States averaged -21213.58 USD Million from 1955 until 2020, reaching an all time high of 1492.20 USD Million in June of 1975 and a record low of -79529 USD Million in December of 2018. This page provides - United States Goods Trade Balance- actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Goods Trade Balance - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: U.S. Census Bureau

Goods Trade Balance in the United States is expected to be -70000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Goods Trade Balance in the United States to stand at -73000.00 in 12 months time. In the long-term, the United States Goods Trade Balance is projected to trend around -73000.00 USD Million in 2021 and -74500.00 USD Million in 2022, according to our econometric models.

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United States Goods Trade Balance

Actual Previous Highest Lowest Dates Unit Frequency
-70985.00 -75379.00 1492.20 -79529.00 1955 - 2020 USD Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-28 12:30 PM Goods Trade Balance Adv Mar $-64.22B $-59.89B $-63.8B
2020-05-29 12:30 PM Goods Trade Balance Adv Apr $-69.68B $-64.98B $-61.2B
2020-06-25 12:30 PM Goods Trade Balance Adv May $-74.34B $-70.73B $-63B
2020-07-29 12:30 PM Goods Trade Balance Adv Jun $-70.64B $-75.3B $-72B
2020-08-28 12:30 PM Goods Trade Balance Adv Jul $-70.99B $-73B
2020-09-29 12:30 PM Goods Trade Balance Adv Aug
2020-10-28 12:30 PM Goods Trade Balance Adv Sep $-70B
2020-11-25 01:30 PM Goods Trade Balance Adv Oct


News Stream
US Goods Trade Gap Narrows as Exports, Imports Rebound
The US trade deficit on goods narrowed to USD 70.64 billion in June 2020 from a revised USD 75.26 billion in the previous month, as global demand recovers from the coronavirus crisis shock, a preliminary estimate showed. Exports jumped 13.9 percent, boosted by sales of automotive vehicles (144.1 percent), capital goods (11.0 percent), consumer products (12.6 percent) and industrial supplies (9.6 percent). Exports of foods, feeds, & beverages, however, continued to fall (-5.2 percent). Imports were up 4.8 percent due to purchases of automotive vehicles (107.7 percent), consumer products (9.8 percent), capital goods (4.6 percent) and foods, feeds, & beverages (2.5 percent). On the other hand, industrial supplies imports tumbled 19.2 percent and purchases of other goods fell 4.1 percent.
2020-07-29
US Goods Gap Rises Amid Falling Exports
The goods deficit in the US widened to USD 74.34 billion in May of 2020 from USD 70.73 billion in the previous month. Exports plunged 34.9 percent to USD 90.08 billion, mainly due to a 75.2 percent drop in sales of automotive vehicles and a 38.6 percent decline in consumer goods, an advance estimate showed. Imports fell at a slower 22.9 percent to USD 164.42 billion, mainly due to purchases of automotive vehicles (-72.6 percent).
2020-06-25
US Goods Trade Deficit Widens as Exports Slump
The goods deficit in the US widened to USD 69.68 billion in April of 2020 from USD 64.99 billion in the previous month. Exports plunged 25.2 percent to USD 95.37 billion, mainly due to a 65.9 percent drop in sales of automotive vehicles and a 29.4 percent decline in consumer goods, an advance estimate showed. Imports fell at a slower 14.3 percent to USD 165.05 billion, mainly due to purchases of automotive vehicles (-52.2 percent).
2020-05-29
US Goods Gap Rises amid Falling Exports
The goods deficit in the US widened to USD 64.22 billion in March of 2020 from USD 59.9 billion in the previous month, which was the smallest goods trade gap since September of 2016. Exports plunged 6.7 percent to USD 127.6 billion, mainly due to a 17.8 percent drop in sales of automotive vehicles and a 7.5 percent decline in industrial supplies, an advance estimate showed. Imports fell at a slower 2.4 percent to USD 191.87 billion, mainly due to purchases of consumer goods (-8.3 percent).
2020-04-28

United States Goods Trade Balance
In the US, goods trade balance is equal to goods exports less goods imports.