United States balance of trade

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United States balance of trade: -75.07 (0.82%)
Last Update: May 31, 2024

United States balance of trade closed down -75.07 as of May 31, 2024 from -74.46 from the previous month and -66.78 from last year.


United States balance of trade Analytics & Data




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United States balance of trade closing prices of the last 24 values are displayed below. Sign up free to download the full historical data series using MacroVar Web/Excel or API.

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United States balance of trade

DateValues
2024-05-31 -75.07
2024-04-30 -74.46
2024-03-31 -68.58
2024-02-29 -69.5
2024-01-31 -67.43
2023-12-31 -62.2
2023-11-30 -63.21
2023-10-31 -64.26
2023-09-30 -61.15
2023-08-31 -58.62
2023-07-31 -64.96
2023-06-30 -64.03
2023-05-31 -66.78
2023-04-30 -73.01
2023-03-31 -60.4
2023-02-28 -70.23
2023-01-31 -70.17
2022-12-31 -67.21
2022-11-30 -60.65
2022-10-31 -77.16
2022-09-30 -72.64
2022-08-31 -65770
2022-07-31 -70700
2022-06-30 -80724

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United States balance of trade Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
balance of tradeus.balanceoftrade-75.07-74.46112DownDown612024-05-31

United States balance of trade Factors

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United States balance of trade Historical Data

The MacroVar database offers free access to historical data for the United States balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of United States balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the United States balance of trade

The United States balance of trade refers to the difference between the value of goods and services that a country exports and the value of goods and services that it imports. A positive balance of trade occurs when a country exports more than it imports, resulting in a trade surplus. On the other hand, a negative balance of trade occurs when a country imports more than it exports, leading to a trade deficit. The balance of trade is an important economic indicator as it can impact a country's currency value, economic growth, and overall competitiveness in the global market. The United States has consistently had a trade deficit in recent years, meaning that it imports more goods and services than it exports.

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