United States Balance of Trade

Category: Balance of Trade
Units: Billion
The United States has been running consistent trade deficits since 1976 due to high imports of oil and consumer products. In 2018, the biggest trade deficits were recorded with China, Mexico, Germany, Japan, Ireland, Vietnam and Italy and the biggest trade surpluses with Hong Kong, Netherlands, Australia, United Arab Emirates, Belgium, Brazil and Panama. China is the top trading partner, accounting for 16 percent of total trade, followed by Canada (15 percent) and Mexico (15 percent).
A higher than expected figure should be seen as positive (bullish) for the USD while a lower than expected figure should be seen as negative (bearish) for the USD.

Details

Impact:
Medium
Country:
Symbol: USD

Latest Release

Previous:
-$67.6B
Consensus: -$67.3B
Actual:
-$68.9B

Next Release

Date: 12:30 PM, 2 May 2024 (in 12 days)
Time left: in 12 days
Consensus: -$64B