The US goods trade deficit widened slightly to USD 80.29 billion in October 2020, from USD 79.36 billion in the previous month, the advance estimate showed. Exports increased 2.8 percent, mainly boosted by sales of industrial supplies (3.9 percent), capital goods (3.9 percent) and consumer goods (6.1 percent). Imports rose at a slower 2.2 percent, due to purchases of vehicles (3.2 percent), industrial supplies (3.1 percent), capital goods (2.4 percent) and consumer goods (2.2 percent). source: U.S. Census Bureau
Goods Trade Balance in the United States averaged -21514.66 USD Million from 1955 until 2020, reaching an all time high of 1492.20 USD Million in June of 1975 and a record low of -83080 USD Million in August of 2020. 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 December of 2020.
Goods Trade Balance in the United States is expected to be -81000.00 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 -74000.00 in 12 months time. In the long-term, the United States Goods Trade Balance is projected to trend around -73000.00 USD Million in 2021 and -74500.00 USD Million in 2022, according to our econometric models.