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Goods and Services Trade Balance

The Goods and Services Trade Balance released by the Bureau of Economic Analysis and the US Census Bureau is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the USD. If a steady demand in exchange for US exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the USD.<

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Most recent - Thursday 5 December 2024 13:30

$-84.4B

Revised

$-83.8B

Forecast

$-75B

Actual

$-73.8B

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Next event - Thursday 9 January 2025 13:30

Forecast

Actual

The typical/expected market impact of this event is low.

There is no forecast value for Goods and Services Trade Balance yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Goods and Services Trade Balance was $-73.8B against a forecast of $-75B.

Past events

Date

Forecast

Actual

Thursday 5 December 2024 13:30

$-75B

$-73.8B

Tuesday 5 November 2024 13:30

$-84.1B

$-84.4B

Tuesday 8 October 2024 12:30

$-70.6B

$-70.4B

Wednesday 4 September 2024 12:30

$-79B

$-78.8B

Tuesday 6 August 2024 12:30

$-72.4B

$-73.1B

Wednesday 3 July 2024 12:30

$-76.2B

$-75.1B

Thursday 6 June 2024 12:30

$-76.1B

$-74.6B

Thursday 2 May 2024 12:30

$-69.1B

$-69.4B

Thursday 4 April 2024 12:30

$-67.3B

$-68.9B

Thursday 7 March 2024 13:30

$-63.5B

$-67.4B

Wednesday 7 February 2024 13:30

$-62.2B

Tuesday 9 January 2024 13:30

$-65B

$-63.2B

Wednesday 6 December 2023 13:30

$-64.1B

$-64.3B

Tuesday 7 November 2023 13:30

$-60.2B

$-61.5B

Thursday 5 October 2023 12:30

$-62.3B

$-58.3B

Wednesday 6 September 2023 12:30

$-65.8B

$-65B

Tuesday 8 August 2023 12:30

$-65B

$-65.5B

Thursday 6 July 2023 12:30

$-69.8B

$-69B

Wednesday 7 June 2023 12:30

$-75.2B

$-74.6B

Thursday 4 May 2023 12:30

$-63.3B

$-64.2B

Wednesday 5 April 2023 12:30

$-69B

$-70.5B

Wednesday 8 March 2023 13:30

$-68.9B

$-68.3B

Tuesday 7 February 2023 13:30

$-68.5B

$-67.4B

Thursday 5 January 2023 13:30

$-74B

$-61.51B

Tuesday 6 December 2022 13:30

$-79.1B

$-78.2B

Thursday 3 November 2022 12:30

$-72.2B

$-73.28B

Wednesday 5 October 2022 12:30

$-68B

$-67.4B

Wednesday 7 September 2022 12:30

$-70.3B

$-70.7B

Thursday 4 August 2022 12:30

$-80.1B

$-79.6B

Thursday 7 July 2022 12:30

$-84.9B

$-85.55B

Tuesday 7 June 2022 12:30

$-89.5B

$-87.1B

Wednesday 4 May 2022 12:30

$-107B

$-109.8B

Tuesday 5 April 2022 12:30

$-88.5B

$-89.2B

Tuesday 8 March 2022 13:30

$-87.1B

$-89.7B

Tuesday 8 February 2022 13:30

$-83B

$-80.73B

Thursday 6 January 2022 13:30

$-77.1B

$-80.2B

Economic context

Recent economic data has been moderately bullish for USD. Other recent announcements which may affect the market's interpretation of the next Goods and Services Trade Balance result:

		Previous	Latest
Initial Jobless Claims	Bullish change	220K	219K
Durable Goods Orders	Bearish change	0.8%	-1.1%
Durable Goods Orders ex Defense	Bearish change	1%	-0.3%
Durable Goods Orders ex Transportation	Bearish change	0.2%	-0.1%
New Home Sales Change (MoM)	Bullish change	-14.8%	5.9%
Nondefense Capital Goods Orders ex Aircraft	Bullish change	-0.1%	0.7%
Michigan Consumer Sentiment Index	(no change)	74	74
UoM 5-year Consumer Inflation Expectation	Bearish change	3.1%	3%
Core Personal Consumption Expenditures - Price Index (MoM)	Bearish change	0.3%	0.1%
Core Personal Consumption Expenditures - Price Index (YoY)	(no change)	2.8%	2.8%
Personal Consumption Expenditures - Price Index (MoM)	Bearish change	0.2%	0.1%
Personal Consumption Expenditures - Price Index (YoY)	Bullish change	2.3%	2.4%
Personal Income (MoM)	Bearish change	0.7%	0.3%
Personal Spending	Bullish change	0.3%	0.4%
Existing Home Sales Change (MoM)	Bullish change	3.4%	4.8%
Initial Jobless Claims	Bullish change	242K	220K
Philadelphia Fed Manufacturing Survey	Bearish change	-5.5	-16.4
Core Personal Consumption Expenditures (QoQ)	Bullish change	2.1%	2.2%
Gross Domestic Product Annualized	Bullish change	2.8%	3.1%
Gross Domestic Product Price Index	(no change)	1.9%	1.9%
Personal Consumption Expenditures Prices (QoQ)	(no change)	1.5%	1.5%
Fed Interest Rate Decision	Bearish change	4.75%	4.5%
Interest Rate Projections - 1st year	Bullish change	3.4%	3.9%
Interest Rate Projections - 2nd year	Bullish change	2.9%	3.4%
Interest Rate Projections - 3rd year	Bullish change	2.9%	3.1%
Interest Rate Projections - Current	(no change)	4.4%	4.4%
Interest Rate Projections - Longer	Bullish change	2.9%	3%
Building Permits (MoM)	Bullish change	1.419M	1.505M
Housing Starts (MoM)	Bearish change	1.312M	1.289M
Industrial Production (MoM)	Bullish change	-0.4%	-0.1%
Retail Sales (MoM)	Bullish change	0.5%	0.7%
Retail Sales Control Group	Bullish change	-0.1%	0.4%
Retail Sales ex Autos (MoM)	(no change)	0.2%	0.2%
S&P Global Composite PMI	Bullish change	54.9	56.6
S&P Global Manufacturing PMI	Bearish change	49.7	48.3
S&P Global Services PMI	Bullish change	56.1	58.5
NY Empire State Manufacturing Index	Bearish change	31.2	0.2

About Goods and Services Trade Balance

Country:	United States
Currency:	USD
Source:	US Census Bureau
Category:	Capital Flows
Frequency:	Monthly

Related events

	Australia		Trade Balance (MoM)
	Australia		Exports (MoM)
	Australia		Imports (MoM)
	Canada		Current Account
	China		Imports (YoY)
	China		Exports (YoY)
	China		Trade Balance USD
	China		Trade Balance CNY
	China		Imports (YoY) CNY
	China		Exports (YoY) CNY
	Germany		Trade Balance s.a.
	Japan		Merchandise Trade Balance Total
	Japan		Exports (YoY)
	Japan		Imports (YoY)
	Japan		Current Account n.s.a.
	New Zealand		Exports
	New Zealand		Trade Balance NZD (YoY)
	New Zealand		Imports

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Goods and Services Trade Balance

Most recent - Thursday 5 December 2024 13:30

Next event - Thursday 9 January 2025 13:30

Trading range

Trading range after each Goods and Services Trade Balance event

Forecast history

Past events

Economic context

About Goods and Services Trade Balance

Related events