The US goods trade deficit widened to USD 83.74 billion in January 2021, from USD 83.19 billion in the previous month, the advance estimate showed. Imports rose 1.1 percent to USD 218.9 billion, led by purchases of consumer goods (5.4 percent), industrial supplies (1.8 percent), capital goods (0.7 percent), and foods, feeds, & beverages (6.4 percent). Imports of vehicles slumped 4.7 percent. Meanwhile, exports increased 1.4 percent to USD 135.2 billion, boosted by higher sales of industrial supplies (5.5 percent) and capital goods (3.9 percent). Exports were down for vehicles (-5 percent), consumer goods (-3.4 percent), and foods, feeds, & beverages (-4.5 percent). source: U.S. Census Bureau
Goods Trade Balance in the United States averaged -21760.57 USD Million from 1955 until 2021, reaching an all time high of 1492.20 USD Million in June of 1975 and a record low of -86113 USD Million in November 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 February of 2021.
Goods Trade Balance in the United States is expected to be -72000.00 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 -74500.00 USD Million in 2022, according to our econometric models.