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). source: U.S. Census Bureau

Goods Trade Balance in the United States averaged -21514.66 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 -83080 USD Million in August 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 November of 2020.

Goods Trade Balance in the United States is expected to be -81000.00 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 -74000.00 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
-80288.00 -79355.00 1492.20 -83080.00 1955 - 2020 USD Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-28 12:30 PM Jul $-79.32B $-70.99B $-73B
2020-09-29 12:30 PM Aug $-82.94B $-80.11B $-81B
2020-10-28 12:30 PM Sep $-79.37B $-83.11B $-80B
2020-11-25 01:30 PM Oct $-80.29B $-79.36B $-82B
2020-12-30 01:30 PM Nov $-80.29B
2021-01-28 01:30 PM Dec
2021-02-26 01:30 PM Jan
2021-03-26 12:30 PM Feb


News Stream
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
US Goods Deficit Narrows in September
The goods gap in the US narrowed to USD 79.37 billion in September of 2020 from USD 83.1 billion in August. Exports went up 2.7 percent to USD 122 billion, driven by sales of capital goods (3.6 percent), consumer goods (1.3 percent) and autos (2.5 percent), while those of industrial supplies including petroleum fell 0.8 percent. Imports went down 0.2 percent to USD 201.4 billion, with purchases of consumer goods (-4 percent) and industrial suplies declining 4.6 percent.
2020-10-28
US Trade Gap on Goods at Record High
The US trade deficit on goods widened to USD 82.94 billion in August of 2020 from a revised $80.11 billion in the previous month, a preliminary estimate showed. That is the highest trade gap ever amid higher imports as businesses try to rebuild inventories. Imports increased 3.1 percent to USD 201.29 billion, mainly due to sales of consumer goods (7 percent), capital goods (1.4 percent) and autos (6.2 percent) while those of industrial supplies fell 4.6 percent. Exports rose at a slower 2.8 percent to USD 118.35 billion, boosted by sales of industrial supplies (10.6 percent) and consumer goods (1.2 percent) but fell for capital goods (-3.9 percent).
2020-09-29
US Goods Trade Deficit Highest in Over 1-1/2 Year
The US trade deficit on goods widened to USD 79.32 billion in July of 2020 from a revised $70.99 billion in the previous month, a preliminary estimate showed. That was the smallest trade gap since December 2018. Exports rose 11.8 percent, boosted by sales of automotive vehicles (44.6 percent); consumer goods (21.4 percent); capital goods (7.5 percent); industrial supplies (7.1 percent) and foods, feeds, & beverages (2.1 percent). Imports climbed 11.8 percent mainly due to purchases of automotive vehicles (41.3 percent) and industrial supplies (10.7 percent).
2020-08-28

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