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 - Thursday 4 December 2025 13:30

Previous
$-59.6B
Revised
-
Forecast
$-65.5B
Actual
-

Trading range

Forecast history

Past events

Date
Forecast
Actual
Thursday 4 December 2025 13:30
$-65.5B
-
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 moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next Goods and Services Trade Balance result:

PreviousLatest
Factory Orders (MoM)Bearish change1.3%0.2%
Initial Jobless ClaimsBullish change218K191K
Challenger Job CutsBearish change153.074K71.321K
ISM Services Employment IndexBullish change48.248.9
ISM Services New Orders IndexBearish change56.252.9
ISM Services PMIBullish change52.452.6
ISM Services Prices PaidBearish change7065.4
S&P Global Composite PMIBearish change54.854.2
Industrial Production (MoM)Bullish change-0.3%0.1%
ADP Employment ChangeBearish change47K-32K
ISM Manufacturing Employment IndexBearish change4644
ISM Manufacturing New Orders IndexBearish change49.447.4
ISM Manufacturing PMIBearish change48.748.2
ISM Manufacturing Prices PaidBullish change5858.5
Chicago PMIBearish change43.836.3
Durable Goods OrdersBearish change3%0.5%
Durable Goods Orders ex DefenseBearish change1.9%0.1%
Durable Goods Orders ex TransportationBullish change0.5%0.6%
Nondefense Capital Goods Orders ex Aircraft(no change)0.9%0.9%
Initial Jobless ClaimsBullish change222K216K
Pending Home Sales (MoM)Bullish change0.1%1.9%
Housing Price Index (MoM)Bearish change0.4%0%
Producer Price Index (MoM)Bullish change-0.1%0.3%
Producer Price Index (YoY)(no change)2.7%2.7%
Producer Price Index ex Food & Energy (MoM)Bullish change-0.1%0.1%
Producer Price Index ex Food & Energy (YoY)Bearish change2.9%2.6%
Retail Sales (MoM)Bearish change0.6%0.2%
Retail Sales Control GroupBearish change0.6%-0.1%
Retail Sales ex Autos (MoM)Bearish change0.6%0.3%
ADP Employment Change 4-week averageBearish change-2.5K-13.5K
Michigan Consumer Expectations IndexBullish change4951
Michigan Consumer Sentiment IndexBullish change50.351
UoM 1-year Consumer Inflation ExpectationsBearish change4.7%4.5%
UoM 5-year Consumer Inflation ExpectationBearish change3.6%3.4%
S&P Global Composite PMIBullish change54.654.8
S&P Global Manufacturing PMIBearish change52.551.9
S&P Global Services PMIBullish change54.855

About Goods and Services Trade Balance

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