The US trade deficit in goods widened to $102.86 billion in November 2024, above market expectations of a $100.7 billion deficit and after a downwardly revised $98.3 billion in the prior month, an advance estimate showed. Imports rose by 4.5%, largely due to higher purchases of capital goods (+4.3%), consumer goods (+1.1%), industrial supplies (+6.9%) and automotive vehicles (+3.2%). Meanwhile, exports rose by 4.4%, mainly due to higher shipments of industrial supplies (+7.6%), capital goods (+5.4%) and consumer goods (+7.7%). source: U.S. Census Bureau

Goods Trade Balance in the United States decreased to -102860 USD Million in November from -98260 USD Million in October of 2024. Goods Trade Balance in the United States averaged -25672.77 USD Million from 1955 until 2024, reaching an all time high of 1492.00 USD Million in June of 1975 and a record low of -120723.00 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 January of 2025.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-27 01:30 PM
Goods Trade Balance Adv
Oct $-99.08B $-108.69B $-99.9B $-91.0B
2024-12-27 01:30 PM
Goods Trade Balance Adv
Nov $-102.86B $-98.26B $-100.7B $-94.0B
2025-01-29 01:30 PM
Goods Trade Balance Adv
Dec $-102.86B $ -104.5B


Related Last Previous Unit Reference
Exports 273.40 266.31 USD Billion Nov 2024
Goods Trade Balance -102860.00 -98260.00 USD Million Nov 2024
Imports 351.60 339.92 USD Billion Nov 2024
Oil Exports 9594.00 8856.00 USD Million Nov 2024

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
-102860.00 -98260.00 1492.00 -120723.00 1955 - 2024 USD Million Monthly
SA


News Stream
US Goods Trade Deficit Widens More Than Expected
The US trade deficit in goods widened to $102.86 billion in November 2024, above market expectations of a $100.7 billion deficit and after a downwardly revised $98.3 billion in the prior month, an advance estimate showed. Imports rose by 4.5%, largely due to higher purchases of capital goods (+4.3%), consumer goods (+1.1%), industrial supplies (+6.9%) and automotive vehicles (+3.2%). Meanwhile, exports rose by 4.4%, mainly due to higher shipments of industrial supplies (+7.6%), capital goods (+5.4%) and consumer goods (+7.7%).
2024-12-27
US Goods Trade Deficit Narrows More Than Expected
The US goods trade deficit narrowed to $99.1 billion in October 2024, down from an upwardly revised $108.7 billion in September, which marked a more than two-year high. The October figure came in below market expectations of a $99.9 billion gap, according to advance estimates from the US Census Bureau. Exports declined by 3.2% from the previous month to $168.7 billion, led by steep declines of sales in automotive vehicles (-18.6% to $12 billion), capital goods (-7% to $51.9 billion), consumer goods (-5.9% to $20.1 billion), and foods, feeds, and beverages (-4.9% to $13.4 billion). Meanwhile imports fell at a faster pace of 5.4% to $267.8 billion, with notable reductions in capital goods (-8.3% to $79 billion) and industrial supplies (-6.1% to $52.5 billion).
2024-11-27
US Goods Trade Deficit Rises to Over 2-Year High
The US trade deficit widened sharply to $108.2 billion in September of 2024 from the $94.2 billion gap in the earlier month, the widest deficit since commodity supply threats triggered by the Russian invasion of Ukraine drove the trade gap to widen to a record in March 2022. Imports surged by 3.8% from the previous month to $282.1 billion, with notable increases for consumer goods (5.8% to $70.9 billion), capital goods (3.1% to $86 billion), industrial supplies (3.8% to $55.8 billion), and foods, feeds, and beverages (4.6% to $18.8 billion). In turn, exports fell by 2% to $174.2 billion, amid declines for capital goods (-3.3% to $55.9 billion), industrial supplies (-2.5% to $59.7 billion), and consumer goods (-6.3% to $21.3 billion).
2024-10-29