US Trade Balance
Monitor US Trade Balance to gauge export demand's effect on currency and domestic production.
Overview
The demand for exports is closely tied to currency demand since foreign buyers need to purchase the domestic currency to pay for a nation's exports. This demand influences production levels and pricing among domestic manufacturers. The goods segment tends to have a limited impact, as it mirrors the Goods Trade Balance data released approximately five days earlier. A positive figure indicates that the country exported more goods and services than it imported.
Key Information
What it Measures
The variation in value between goods and services that are imported and exported during the specified month.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it generally has a favorable impact on the currency.
Source & Frequency
Bureau of Economic Analysis (latest release) - https://www.bea.gov/ • This data is published monthly, typically around 35 days after the month concludes.
How Data is Derived
N/A
Also Known As
International Trade in Goods and Services
Acronym
N/A