Definition: Tally of U.S. international
trade in goods and services, or the difference between a country's imports
and exports. Exports and imports account for the balance or about 13% of
the GDP. They are equal to the difference between exports and imports of
goods and services. Net exports are also defined as the trade balance of
the country. Imports deduct from GDP and exports
add to the figure. Since the early 1980s, the U. S. has consistently experienced
a trade balance deficit, i.e. net imports with imports exceeding exports.
Related Indicators: Net Exports (NIPA Accounts); the Current Account is equal to the net exports plus Net Factor Income from Abroad.
Source: Department of Commerce.
Availability: About six weeks following
the reported month.
Direction: Counter-cyclical as the trade balance tends to improve in recessions and worsen in periods of high growth
Timing: Coincident indicator
Likely Impact on Financial Markets:
The Bureau of the Census and the Bureau of Economic Analysis, through the Department of Commerce, announced on December 18, 1997 that total October exports of $80.0 billion and imports of $89.7 billion resulted in a goods and services deficit of $9.7 billion, $1.5 billion less than the $11.2 billion in September, revised. October exports were $1.9 billion more than September exports of $78.1 billion. October imports were $0.3 billion more than September imports of $89.3 billion.
In October, the goods deficit decreased $1.5 billion from September
to $17.1 billion, and the services surplus increased $0.1
billion to $7.4 billion. Exports of goods increased to $58.0 billion from $56.4 billion, and imports of goods increased to $75.0
billion from $74.9 billion. Exports of services increased to $22.0 billion from $21.7 billion, and imports of services increased to $14.6 billion from $14.4 billion.
Graphs of the latest trade data from The Economic Statistics Briefing Room of the White House
The U.S. Census Bureau International Trade Statistics homepage (new and updated)
See the Dismal Scientist Homepage for charts, tables and analysis of the latest report.
An analysis of the September 1997 trade report from First Union
The latest GDP report from BEA includes an analysis of net exports trends in the latest quarter
You can see net exports, exports and imports charts with theEconomic Chart Dispenser
You can create customized net exports charts with the Economic
Chart Maker Tip: type "EXPORTS" in the Label section of the form
and choose the transformation of the data you are interested in.