Balance of trade · United States

United States Balance of Trade

The United States Balance of Trade shows the difference between the value of goods (and sometimes services) that the United States sells abroad and what it buys from abroad, or the growth of exports and imports.

Importance: Medium
Publié: Monthly
Prochaine publication: Tue 8 Dec 2026 13:30 UTC
Devise: USD · US dollar
Banque centrale: The Federal Reserve
Influence: AUDUSD · EURUSD · GAUUSD · GBPUSD · NZDUSD · USDCAD · USDCHF · USDCNH

Derniers chiffres

La dernière publication, pour SEP, est parue le 2026-11-04 et s’est établie à $-105B.

Publié	Pour	Réel	Consensus	Précédent
4 Nov 2026	SEP	$-105B	$-108B	$-105.7B ®
6 Oct 2026	AUG	$-105.6B	$-102B	$-92.8B ®
3 Sep 2026	JUL	$-88.6B	$-90B	$-71.2B ®
4 Aug 2026	JUN	$-73.3B	$-73.0B	$-77.6B
7 Jul 2026	MAY	$-77.6B	$-78.5B	$-54.6B ®
9 Jun 2026	APR	$-55.9B	$-56.1B	$-56.6B ®
5 May 2026	MAR	$-60.3B	$-60.9B	$-57.8B ®
2 Apr 2026	FEB	$-57.3B	$-59.2B	$-54.7B ®
12 Mar 2026	JAN	$-54.5B	$-66.6B	$-72.9B ®
19 Feb 2026	DEC	$-70.3B	$-55.5B	$-53B ®
29 Jan 2026	NOV	$-56.8B	$-40.5B	$-29.2B ®
8 Jan 2026	OCT	$-29.4B	$-58.9B	$-48.1B ®

Publié

Pour

Réel

Consensus

4 Nov 2026

SEP

$-105B

$-108B

$-105.7B ®

6 Oct 2026

AUG

$-105.6B

$-102B

$-92.8B ®

3 Sep 2026

JUL

$-88.6B

$-90B

$-71.2B ®

4 Aug 2026

JUN

$-73.3B

$-73.0B

$-77.6B

7 Jul 2026

MAY

$-77.6B

$-78.5B

$-54.6B ®

9 Jun 2026

APR

$-55.9B

$-56.1B

$-56.6B ®

5 May 2026

MAR

$-60.3B

$-60.9B

$-57.8B ®

2 Apr 2026

FEB

$-57.3B

$-59.2B

$-54.7B ®

12 Mar 2026

JAN

$-54.5B

$-66.6B

$-72.9B ®

19 Feb 2026

DEC

$-70.3B

$-55.5B

$-53B ®

29 Jan 2026

NOV

$-56.8B

$-40.5B

$-29.2B ®

8 Jan 2026

OCT

$-29.4B

$-58.9B

$-48.1B ®

Voir dans le calendrier économique →

Pourquoi c’est important

Exports are a big part of demand for open economies (Germany, China, Japan, Korea, the Netherlands). A larger surplus means more foreign demand for the US dollar; strong imports signal domestic demand. China's figures are read as a gauge of world demand.

Mode de calcul

Customs records the value of goods crossing the border; services come from surveys. The balance is exports minus imports, usually seasonally adjusted.

Trade balance = exports − imports

Ce que signifient les variations

Look at exports and imports separately: a wider surplus from collapsing imports is a sign of weak domestic demand, not strength.
Exchange-rate moves take months to affect trade volumes (the J-curve).

Supérieur aux attentes : A larger surplus (or smaller deficit) than expected tends to support the US dollar.

Inférieur aux attentes : A smaller surplus (or larger deficit) than expected tends to weigh on the US dollar.

Un bref historique

Trade balances were the obsession of mercantilism in the 16th–18th centuries; David Hume's price-specie flow mechanism (1752) explained why surpluses tend to correct themselves.

Questions

What is the United States Balance of Trade?

What was the latest United States Balance of Trade?

$-105B for SEP, published on 4 November 2026 (consensus $-108B, previous $-105.7B).

When is the next United States Balance of Trade?

On Tuesday 8 December 2026 at 13:30 UTC.

Contenu éducatif uniquement, pas un conseil en investissement. Les chiffres sont les résultats publiés tels qu’enregistrés par notre calendrier ; les réactions de marché décrites sont typiques, non garanties.