The trade gap on goods in the US widened to a three-month high of $92.2 billion in September of 2022, compared to a $87.3 billion deficit in August. Exports went down 1.5% to $177.6 billion, with sales of food, feeds and beverages (-14%) and industrial supplies (-3.1%) recording the biggest decrease. Meanwhile, imports were up 0.8% to $269.85 billion, led by purchases of capital goods (4.4%), consumer goods (1.4%) and autos (1.9%). source: U.S. Census Bureau

Goods Trade Balance in the United States averaged -23569.89 USD Million from 1955 until 2022, reaching an all time high of 1492.20 USD Million in June of 1975 and a record low of -125664 USD Million in March of 2022. 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 2022.

Goods Trade Balance in the United States is expected to be -82500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Goods Trade Balance is projected to trend around -94500.00 USD Million in 2023 and -104500.00 USD Million in 2024, according to our econometric models.

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United States Goods Trade Balance



Calendar GMT Actual Previous Consensus TEForecast
2022-09-28 12:30 PM Aug $-87.3B $-90.19B $-85B
2022-10-26 12:30 PM Sep $-92.22B $-87.28B $-86B
2022-11-30 01:30 PM Oct $-92.22B $-94B


Related Last Previous Unit Reference
Imports 331287.00 326472.00 USD Million Sep 2022
Exports 258004.00 260793.00 USD Million Sep 2022
Oil Exports 9468.19 10398.35 USD Million Sep 2022
Goods Trade Balance -92220.00 -87280.00 USD Million Sep 2022

United States Goods Trade Balance
In the US, goods trade balance is equal to goods exports less goods imports.
Actual Previous Highest Lowest Dates Unit Frequency
-92220.00 -87280.00 1492.20 -125664.00 1955 - 2022 USD Million Monthly
SA

News Stream
US Goods Gap Rises to 3-Month High
The trade gap on goods in the US widened to a three-month high of $92.2 billion in September of 2022, compared to a $87.3 billion deficit in August. Exports went down 1.5% to $177.6 billion, with sales of food, feeds and beverages (-14%) and industrial supplies (-3.1%) recording the biggest decrease. Meanwhile, imports were up 0.8% to $269.85 billion, led by purchases of capital goods (4.4%), consumer goods (1.4%) and autos (1.9%).
2022-10-26
US Goods Trade Deficit Falls for 5th Month
The trade gap on goods in the US narrowed for a fifth consecutive month to $87.3 billion in August of 2022, the lowest since October last year. Imports fell 1.7% from July to $267.1 billion, pushed by lower purchases of industrial supplies (-6.9%) and capital goods (-1.8%). On the other hand, imports rose for autos (3.8%) and food and beverages (2.4%). Exports declined 0.9% to $179.8 billion, weighed by sales of autos (-8.9%) and industrial supplies (-3.5%). Meanwhile, shipments increased sharply for consumer goods (8%).
2022-09-28
US Trade Goods Gap Narrows in July
The US goods trade deficit narrowed to USD 89.1 billion in July of 2022 from a revised USD 98.6 billion in the previous month, the advance estimate showed. Exports dropped 0.2 percent over the last month to USD 147.3 billion, dragged by lower sales of industrial supplies (-2.3 percent) and consumer goods (-3.4 percent). Meanwhile, imports fell 3.5 percent to USD 234 billion as lower purchases of industrial supplies (-2.9 percent) were offset by higher imports of capital goods (0.5 percent).
2022-08-26