The US trade deficit in goods expanded to USD 91.2 billion in July 2023 from a revised USD 88.8 billion in the previous month, according to an advance estimate. Exports rose by 1.5 percent to USD 164.8 billion due to increases in sales of automotive vehicles (10.3 percent), industrial supplies (2.3 percent), and consumer goods (0.4 percent). On the other hand, the declines were seen in sales of other goods (-3.9 percent), foods, feeds & beverages (-0.7 percent), and capital goods (-0.5 percent). Meanwhile, imports grew by 1.9 percent to USD 256 billion, primarily driven by consumer goods (4.1 percent), foods, feeds & beverages (4 percent), and other goods (3.6 percent). source: U.S. Census Bureau

Goods Trade Balance in the United States averaged -24350.27 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 -121178.50 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 August of 2023.

Goods Trade Balance in the United States is expected to be -98000.00 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 Reference Actual Previous Consensus TEForecast
2023-07-27 12:30 PM Jun $-87.84B $-91.86B $ -92B
2023-08-30 12:30 PM Jul $-91.18B $-88.83B $ -94.0B
2023-09-29 12:30 PM Aug $-91.18B


Related Last Previous Unit Reference
Exports 247.48 247.83 USD Billion Jun 2023
Imports 312.98 316.12 USD Billion Jun 2023
Goods Trade Balance -91180.00 -88830.00 USD Million Jul 2023
Oil Exports 8286.28 8761.67 USD Million Jun 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
-91180.00 -88830.00 1492.20 -121178.50 1955 - 2023 USD Million Monthly
SA

News Stream
US Goods Trade Deficit Widens in July, Imports Rising
The US trade deficit in goods expanded to USD 91.2 billion in July 2023 from a revised USD 88.8 billion in the previous month, according to an advance estimate. Exports rose by 1.5 percent to USD 164.8 billion due to increases in sales of automotive vehicles (10.3 percent), industrial supplies (2.3 percent), and consumer goods (0.4 percent). On the other hand, the declines were seen in sales of other goods (-3.9 percent), foods, feeds & beverages (-0.7 percent), and capital goods (-0.5 percent). Meanwhile, imports grew by 1.9 percent to USD 256 billion, primarily driven by consumer goods (4.1 percent), foods, feeds & beverages (4 percent), and other goods (3.6 percent).
2023-08-30
US Goods Trade Balance Narrows in June
The US trade deficit in goods narrowed to USD 87.8 billion in June 2023 from a revised USD 91.9 billion in the previous month, according to an advance estimate. Exports edged up 0.2 percent to USD 162.5 billion, as increases in sales of capital goods (1.6 percent), foods, feeds, & beverages (0.1 percent), and other goods (9.5 percent) were partially offset by declines in exports of industrial supplies (-1.2 percent), consumer goods (-1.2 percent), and vehicles (-0.4 percent). Meanwhile, imports dropped 1.4 percent to USD 250.3 billion, primarly driven by falling purchases of industrial supplies (-4.4 percent), capital goods (-3.3 percent), and other goods (-4.2 percent).
2023-07-27
US Goods Gap Narrows as Imports, Exports Fall
The US trade deficit in goods narrowed to USD 91.1 billion in May 2023 from a revised USD 97.1 billion in the previous month, reflecting weakened global demand, according to an advance estimate. Imports declined by 2.7 percent, primarily driven by lower purchases of consumer goods (-7.3 percent), industrial supplies (-5.9 percent), and foods, feeds, & beverages (-3.0 percent). Meanwhile, exports dropped at a slower 0.6 percent, mainly due to reduced sales of foods, feeds, & beverages (-14.2 percent) and industrial supplies (-3.0 percent). However, there were some positive offsets with increased exports of vehicles (8.7 percent) and consumer goods (4.3 percent).
2023-06-28