The US trade deficit in goods widened to USD 96.8 billion in April of 2023 from the upwardly revised USD 84.6 billion in the previous month, compared to market expectations of a USD 85.7 billion gap, an advance estimate showed. Exports fell by 5.5% from the previous month to USD 163.3 billion, mainly due to declines in sales of industrial supplies (-9.8% to USD 58.4 billion) and consumer goods (-7.4% to USD 20.8 billion). On the other hand, imports rose by 1.8% to USD 260 billion, led by higher purchases of automotive vehicles (6% to USD 37.2 billion), industrial supplies (2.7% to USD 59.3 billion) and consumer goods (2.2% to USD 65.9 billion). source: U.S. Census Bureau

Goods Trade Balance in the United States averaged -24133.37 USD Million from 1955 until 2023, reaching an all time high of 1492.20 USD Million in June of 1975 and a record low of -125137.00 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 June of 2023.

Goods Trade Balance in the United States is expected to be -92000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States Goods Trade Balance



Calendar GMT Actual Previous Consensus TEForecast
2023-04-26 12:30 PM Mar $-84.6B $-91.99B $-89B $ -89B
2023-05-26 12:30 PM Apr $-96.8B $-84.6B $-85.7B $-83.0B
2023-06-28 12:30 PM May $-96.8B


Related Last Previous Unit Reference
Exports 249.02 258.19 USD Billion Apr 2023
Imports 323.57 318.78 USD Billion Apr 2023
Goods Trade Balance -96770.00 -82700.00 USD Million Apr 2023
Oil Exports 11627.32 9084.80 USD Million Mar 2023

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
-96770.00 -82700.00 1492.20 -125137.00 1955 - 2023 USD Million Monthly
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News Stream
US Goods Trade Gap Widens More than Expected
The US trade deficit in goods widened to USD 96.8 billion in April of 2023 from the upwardly revised USD 84.6 billion in the previous month, compared to market expectations of a USD 85.7 billion gap, an advance estimate showed. Exports fell by 5.5% from the previous month to USD 163.3 billion, mainly due to declines in sales of industrial supplies (-9.8% to USD 58.4 billion) and consumer goods (-7.4% to USD 20.8 billion). On the other hand, imports rose by 1.8% to USD 260 billion, led by higher purchases of automotive vehicles (6% to USD 37.2 billion), industrial supplies (2.7% to USD 59.3 billion) and consumer goods (2.2% to USD 65.9 billion).
2023-05-26
US Goods Trade Gap Narrows More than Expected
The US trade deficit in goods narrowed to USD 84.6 billion in March of 2023 from the upwardly revised USD 92 billion in the previous month, compared to market expectations of a USD 89 billion gap. Exports grew by 2.9% from the previous month to USD 172.7 billion, supported by strong external demand for industrial supplies (6.4% to USD 64.8 billion), consumer goods (2% to USD 22.4 billion), and automotive vehicles (4.3% to USD 14.4 billion). On the other hand, imports contracted by 1% to USD 275.3 billion, pressured by lower purchases of capital goods (-2.9% to 71.4 billion) and industrial supplies (-2.7% to 57.7 billion).
2023-04-26
US Goods Trade Gap Widens in February
The US trade deficit in goods widened slightly to USD 91.63 billion in February 2023 from a revised USD 91.09 billion in the previous month, amid a weakening global demand due to a rising cost of living and higher borrowing costs, an advance estimate showed. Exports were down 3.8 percent due to declines in sales of vehicles (-11.9 percent), consumer goods (-4.6 percent), industrial supplies (-4.2 percent) and capital goods (-2.5 percent). Meanwhile, imports fell at a slower 2.3 percent on lower purchases of vehicles (-7.1 percent), consumer goods (-5.6 percent) and foods, feeds & beverages (-3.4 percent).
2023-03-28