United States Balance of Trade (original) (raw)

The trade deficit in the US widened to 84.4billioninSeptember2024,thehighestsinceApril2022,andslightlyaboveforecastsofa84.4 billion in September 2024, the highest since April 2022, and slightly above forecasts of a 84.4billioninSeptember2024,thehighestsinceApril2022,andslightlyaboveforecastsofa84.1 billion gap, and compared to a downwardly revised 70.8billionshortfallinAugust.Exportsdeclined1.270.8 billion shortfall in August. Exports declined 1.2% to 70.8billionshortfallinAugust.Exportsdeclined1.2267.9 billion after reaching a record high level in August. Lower sales were mostly recorded for pharmaceutical preparations, civilian aircraft, crude oil and maintenance and repair services while an increase in shipments was recorded for government goods and services and transport. Imports increased 3% to a new record high level of $352.3 billion, mainly due to pharmaceutical preparations, computers, passenger cars, semiconductors, nonmonetary gold, finished metal shapes and transport. In contrast, imports declined for charges for the use of intellectual property and travel. source: Bureau of Economic Analysis (BEA)

The United States recorded a trade deficit of 84.40 USD Billion in September of 2024. Balance of Trade in the United States averaged -18.33 USD Billion from 1950 until 2024, reaching an all time high of 1.95 USD Billion in June of 1975 and a record low of -101.91 USD Billion in March of 2022. This page provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on November of 2024.

The United States recorded a trade deficit of 84.40 USD Billion in September of 2024. Balance of Trade in the United States is expected to be -68.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

The United States has been running consistent trade deficits since 1976 due to high imports of oil and consumer products. In 2022, the biggest trade deficits are recorded with China, Mexico, Vietnam, Canada, Germany, Japan, and Ireland, and the biggest trade surpluses with the Netherlands, Hong Kong, Brazil, Singapore, Australia, and United Kingdom. Canada is the top trading partner, accounting for 15 percent of total trade, followed by Mexico (14 percent) and China (13 percent).

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