The US recorded a $67.4 billion trade gap in January 2024, the biggest in nine months, compared to an upwardly revised $63.5 billion gap in December and forecasts of $63.5 billion. Exports edged up a meager 0.1% to $257.2 billion, with sales rising for nonmonetary gold, passenger cars, consumer and capital goods, travel and financial services, but falling for crude and fuel oil. Meanwhile, imports rose 1.1% to $324.6 billion, led by passenger cars, trucks, buses, and special purpose vehicles, computer accessories, computers, semicondutors, travel and financial services, while purchases went down for crude oil, cell phones and other household goods and transport. Deficits were recorded with China ($22.9 billion), European Union ($18.1 billion) and Mexico ($12.7 billion) while trade surpluses were recorded with Netherlands ($4.1 billion), Hong Kong ($2.2 billion) and Australia ($1.6 billion). source: Bureau of Economic Analysis (BEA)
The United States recorded a trade deficit of 67.43 USD Billion in January of 2024. Balance of Trade in the United States averaged -17.82 USD Billion from 1950 until 2024, reaching an all time high of 1.95 USD Billion in June of 1975 and a record low of -102.54 USD Billion in March of 2022. 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. United States Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on March of 2024.
The United States recorded a trade deficit of 67.43 USD Billion in January of 2024. Balance of Trade in the United States is expected to be -64.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations.