The US goods trade deficit widened to USD 88.1 billion in May of 2021, from a revised USD 85.7 billion in the previous month, the advance estimate showed. Exports rose 1.1 percent to $144.3 billion, as strong sales of capital goods (4.9 percent) and industrial supplies (1.6 percent) partly offset a 4.7 percent plunge in those of autos. Meanwhile, imports fell 1.9 percent to $232.4 billion, amid lower purchases of consumer goods (-3.9 percent) and autos (-3.5 percent). source: U.S. Census Bureau

Goods Trade Balance in the United States averaged -22098.98 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 -91917 USD Million in March of 2021. 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 July of 2021.

Goods Trade Balance in the United States is expected to be -85000.00 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
-88110.00 -85730.00 1492.20 -91917.00 1955 - 2021 USD Million Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-26 12:30 PM Feb $-86.72B $-84.58B $-83B
2021-04-28 12:30 PM Mar $-90.59B $-87.07B $-85B
2021-05-28 12:30 PM Apr $-85.23B $-91.98B $-91B
2021-06-24 12:30 PM May $-88.11B $-85.73B $-84B
2021-07-28 12:30 PM Jun $-88.11B $-87B
2021-08-27 12:30 PM Jul
2021-09-28 12:30 PM Aug
2021-10-27 12:30 PM Sep


News Stream
US Goods Trade Deficit Widens in May
The US goods trade deficit widened to USD 88.1 billion in May of 2021, from a revised USD 85.7 billion in the previous month, the advance estimate showed. Exports rose 1.1 percent to $144.3 billion, as strong sales of capital goods (4.9 percent) and industrial supplies (1.6 percent) partly offset a 4.7 percent plunge in those of autos. Meanwhile, imports fell 1.9 percent to $232.4 billion, amid lower purchases of consumer goods (-3.9 percent) and autos (-3.5 percent).
2021-06-24
US Goods Gap Narrows in April
The goods deficit in the US shrank to $85.23 billion in April of 2021 from an upwardly revised record $91.98 billion in March. Exports rose 1.2 percent to $144.7 billion, as strong sales of capital goods (4.8 percent) and industrial supplies (1.7 percent) partly offset an 8 percent plunge in those of autos. Meanwhile, imports fell 2.2 percent to $230 billion, amid lower purchases of consumer goods (-4.2 percent) and autos (-3.5 percent).
2021-05-28
US Goods Gap Widens to New High
The goods deficit in the US widened to a fresh record high of $90.59 billion in March of 2021 from $87.1 billion in February. Exports rose 8.7 percent to $130.7 billion, led by double-digit gains in sales of industrial supplies (10.1 percent) and consumer goods (15.3 percent) and strong shipments of capital goods (7.3 percent) and autos (7.2 percent). Imports were up 6.8 percent to $232.6 billion , led by capital goods (5.7 percent), consumer goods (7 percent) and industrial supplies (7.6 percent).
2021-04-28
US Goods Gap Hits Record High
The goods deficit in the US widened to a record high of $86.7 billion in February of 2021 from $84.6 billion in January. Exports of goods were $130.1 billion, $5.1 billion less than January exports. Biggest decreases were seen in sales of capital goods (-5.9 percent), autos (-5.9 percent), consumer goods (-5.7 percent) and food and beverages (-5.4 percent). Imports of goods were $216.9 billion, $3.0 billion less than in the previous month, dragged down by a 10.7 percent slump in purchases of autos.
2021-03-26

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