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.<

Most recent - Wednesday 19 November 2025 13:30

Previous
$-78.3B
Revised
$-78.2B
Forecast
$-61B
Actual
$-59.6B

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

Next event - Thursday 4 December 2025 13:30

Previous
-
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 $-59.6B against a forecast of $-61B.

Past events

Date
Forecast
Actual
Wednesday 19 November 2025 13:30
$-61B
$-59.6B
Tuesday 4 November 2025 13:30
$-60.4B
-
Tuesday 7 October 2025 12:30
$-60.4B
-
Thursday 4 September 2025 12:30
$-75.7B
$-78.3B
Tuesday 5 August 2025 12:30
$-61.6B
$-60.2B
Thursday 3 July 2025 12:30
$-71B
$-71.5B
Thursday 5 June 2025 12:30
$-94B
$-61.6B
Tuesday 6 May 2025 12:30
$-129B
$-140.5B
Thursday 3 April 2025 12:30
$-123.5B
$-122.7B
Thursday 6 March 2025 13:30
$-127.4B
$-131.4B
Wednesday 5 February 2025 13:30
$-96.6B
$-98.4B
Tuesday 7 January 2025 13:30
$-78B
$-78.2B
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
$-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

Economic context

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

PreviousLatest
Existing Home Sales Change (MoM)Bearish change1.3%1.2%
Initial Jobless ClaimsBullish change229K228K
Initial Jobless ClaimsBullish change232K220K
Initial Jobless ClaimsBullish change228K220K
Philadelphia Fed Manufacturing SurveyBullish change-12.8-1.7
Average Hourly Earnings (MoM)Bearish change0.4%0.2%
Average Hourly Earnings (YoY)(no change)3.8%3.8%
Average Weekly Hours(no change)34.234.2
Labor Force Participation RateBullish change62.3%62.4%
Nonfarm PayrollsBullish change-4K119K
U6 Underemployment RateBullish change8.1%8%
Unemployment RateBearish change4.3%4.4%
Initial Jobless ClaimsBearish change220K229K
Factory Orders (MoM)Bullish change-1.3%1.4%
Initial Jobless ClaimsBearish change219K232K
ADP Employment Change 4-week averageBullish change-11.25K-2.5K
Construction Spending (MoM)(no change)0.2%0.2%
NY Empire State Manufacturing IndexBullish change10.718.7
ADP Employment Change 4-week averageBearish change14.25K-11.25K
Michigan Consumer Expectations IndexBearish change50.349
Michigan Consumer Sentiment IndexBearish change53.650.3
UoM 1-year Consumer Inflation ExpectationsBullish change4.6%4.7%
UoM 5-year Consumer Inflation ExpectationBearish change3.9%3.6%

About Goods and Services Trade Balance

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