The US trade deficit on goods narrowed to USD 71.0 billion in June 2020 from a revised USD 75.4 billion in the previous month, as global demand recovers from the coronavirus crisis shock, a revised figures showed.
Goods Trade Balance in the United States averaged -21213.58 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 -79529 USD Million in December of 2018. 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 2020. source: U.S. Census Bureau
Goods Trade Balance in the United States is expected to be -70000.00 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 -73000.00 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.