The US goods trade deficit widened to USD 83.74 billion in January 2021, from USD 83.19 billion in the previous month, the advance estimate showed. Imports rose 1.1 percent to USD 218.9 billion, led by purchases of consumer goods (5.4 percent), industrial supplies (1.8 percent), capital goods (0.7 percent), and foods, feeds, & beverages (6.4 percent). Imports of vehicles slumped 4.7 percent. Meanwhile, exports increased 1.4 percent to USD 135.2 billion, boosted by higher sales of industrial supplies (5.5 percent) and capital goods (3.9 percent). Exports were down for vehicles (-5 percent), consumer goods (-3.4 percent), and foods, feeds, & beverages (-4.5 percent). source: U.S. Census Bureau

Goods Trade Balance in the United States averaged -21760.57 USD Million from 1955 until 2021, reaching an all time high of 1492.20 USD Million in June of 1975 and a record low of -86113 USD Million in November of 2020. 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 February of 2021.

Goods Trade Balance in the United States is expected to be -72000.00 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 -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
-83740.00 -83190.00 1492.20 -86113.00 1955 - 2021 USD Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-25 01:30 PM Oct $-80.29B $-79.36B $-82B
2020-12-30 01:30 PM Nov $-84.82B $-80.42B $-83B
2021-01-28 01:30 PM Dec $-82.47B $-85.49B $-86B
2021-02-26 01:30 PM Jan $-83.74B $-83.19B $-83B
2021-03-26 12:30 PM Feb $-83.74B
2021-04-28 12:30 PM Mar
2021-05-28 12:30 PM Apr
2021-06-24 12:30 PM May


News Stream
US Goods Trade Gap Widens in January
The US goods trade deficit widened to USD 83.74 billion in January 2021, from USD 83.19 billion in the previous month, the advance estimate showed. Imports rose 1.1 percent to USD 218.9 billion, led by purchases of consumer goods (5.4 percent), industrial supplies (1.8 percent), capital goods (0.7 percent), and foods, feeds, & beverages (6.4 percent). Imports of vehicles slumped 4.7 percent. Meanwhile, exports increased 1.4 percent to USD 135.2 billion, boosted by higher sales of industrial supplies (5.5 percent) and capital goods (3.9 percent). Exports were down for vehicles (-5 percent), consumer goods (-3.4 percent), and foods, feeds, & beverages (-4.5 percent).
2021-02-26
US Goods Deficit Narrows in December
The goods gap in the US narrowed to USD 82.5 billion in December of 2020 from a revised USD 85.5 billion in the previous month, the advance estimate showed. Exports increased 4.6 percent, mainly boosted by sales of industrial supplies (4.0 percent), capital goods (3.2 percent) and consumer goods (2.5 percent). Imports rose at a slower 1.4 percent, due to purchases of capital goods (1.2 percent), industrial supplies (6.6 percent) and vehicles (6.2 percent).
2021-01-28
US Goods Trade Gap Largest on Record
The US goods trade deficit widened to USD 84.82 billion in November 2020, from USD 80.42 billion in the previous month, the advance estimate showed. That was the largest trade gap since comparable series began in 1955. Imports rose 2.6 percent to USD 212.0 billion, led by purchases of consumer goods (6.7 percent), industrial supplies (2.9 percent), and capital goods (2.0 percent). Meanwhile, exports increased at a softer 0.8 percent to USD 127.2 billion, as higher sales of foods, feeds, & beverages (4.3 percent) and industrial supplies (1.5 percent) were partially offset by declines in exports of capital goods (-0.7 percent) and vehicles (-1.1 percent).
2020-12-30
US Goods Trade Gap Widens in October
The US goods trade deficit widened slightly to USD 80.29 billion in October 2020, from USD 79.36 billion in the previous month, the advance estimate showed. Exports increased 2.8 percent, mainly boosted by sales of industrial supplies (3.9 percent), capital goods (3.9 percent) and consumer goods (6.1 percent). Imports rose at a slower 2.2 percent, due to purchases of vehicles (3.2 percent), industrial supplies (3.1 percent), capital goods (2.4 percent) and consumer goods (2.2 percent).
2020-11-25

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