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United States Balance of Trade

Discussion in 'Market News' started by Jonathan, Oct 9, 2015.

  1. Jonathan

    Jonathan Forum Member

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    The United States recorded a trade deficit of $48.3 billion in August of 2015, up $6.5 billion from $41.8 billion in July. Exports fell nearly 2 percent to its lowest since October of 2012 , dragged down by a strong dollar and weak external demand while imports rose 1.2 percent. Balance of Trade in the United States averaged -13079.86 USD Million from 1950 until 2015, reaching an all time high of 1946 USD Million in June of 1975 and a record low of -67823 USD Million in August of 2006. Balance of Trade in the United States is reported by the U.S. Census Bureau. The United States has been running consistent trade deficits since 1976 due to high imports of oil and consumer products. In recent years, the biggest trade deficits were recorded with China, Japan, Germany and Mexico. United States records trade surpluses with Hong Kong, Netherlands, United Arab Emirates and Australia. This page provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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