The goods gap in the US narrowed to $98.2 billion in June of 2022 form a downwardly revised $104 billion in May. It was the lowest trade deficit of the year so far, as exports jumped by 2.5% to a record high of $181.5 billion. Outbound sales rose sharply for industrial supplies (6.5%) and foods, feeds, and beverages (5.3%), which offset the decrease in automotive vehicles (-3.6%), capital goods (-1%) and consumer goods (-1%). On the other hand, imports fell by 0.5% to $279.7 billion, as purchases declined sharply for automotive vehicles (-7.8%) and foods, feeds, and beverages (-1.1%). Conversely, exports rose for capital goods (0.9%) and consumer goods (0.6%). source: U.S. Census Bureau

Goods Trade Balance in the United States averaged -23323.68 USD Million from 1955 until 2022, reaching an all time high of 1492.20 USD Million in June of 1975 and a record low of -125664 USD Million in March of 2022. 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 2022.

Goods Trade Balance in the United States is expected to be -95000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Goods Trade Balance is projected to trend around -74500.00 USD Million in 2023, according to our econometric models.

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United States Goods Trade Balance



Related Last Previous Unit Reference
Exports 260799.00 256523.00 USD Million Jun 2022
Imports 340413.00 341429.00 USD Million Jun 2022
Oil Exports 10780.08 10406.23 USD Million Jun 2022
Goods Trade Balance -98180.00 -104040.00 USD Million Jun 2022

United States Goods Trade Balance
In the US, goods trade balance is equal to goods exports less goods imports.
Actual Previous Highest Lowest Dates Unit Frequency
-98180.00 -104040.00 1492.20 -125664.00 1955 - 2022 USD Million Monthly
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News Stream
US Goods Gap Lowest in 7 Months
The goods gap in the US narrowed to $98.2 billion in June of 2022 form a downwardly revised $104 billion in May. It was the lowest trade deficit of the year so far, as exports jumped by 2.5% to a record high of $181.5 billion. Outbound sales rose sharply for industrial supplies (6.5%) and foods, feeds, and beverages (5.3%), which offset the decrease in automotive vehicles (-3.6%), capital goods (-1%) and consumer goods (-1%). On the other hand, imports fell by 0.5% to $279.7 billion, as purchases declined sharply for automotive vehicles (-7.8%) and foods, feeds, and beverages (-1.1%). Conversely, exports rose for capital goods (0.9%) and consumer goods (0.6%).
2022-07-27
US Goods Gap Lowest in 5 Months
The goods gap in the US narrowed to $104.3 billion in May of 2022 from an upwardly revised $106.7 billion in April. It is the lowest trade deficit so far this year, as exports went up 1.2% to a record high while imports edged 0.1% lower. Sales of goods rose to $176.6 billion, with shipments of industrial supplies (4%) and consumer goods (3.5%) recording the biggest increases while exports of food, feeds and beverages declined 9.2%. Imports edged lower to $280.9 billion, mainly due to lower purchases of consumer goods (-2.4%), food, feeds and beverages (-0.9%) and capital goods (-0.5%).
2022-06-28
US Goods Trade Deficit Narrows from Record High
The goods trade deficit in the US narrowed to $105.9 billion in April of 2022 from an upwardly revised record high of $125.9 billion in March, as exports increased while imports fell. Exports were up 3.1 percent to a new all-time high of $173.9 billion with the biggest increases reported for foods, feeds & beverages (13.3 percent), industrial supplies (2.7 percent), and capital goods (2.6 percent). In contrast, imports fell by 5.0 percent to $279.9 billion, on lower purchases of industrial supplies (-8.2 percent), consumer goods including motor vehicles (-7.9 percent), and capital goods (-3.9 percent). Such data reflects the overall outperformance of the US economy relative to the rest of the world, with demand outpacing economic activity in many other countries.
2022-05-27