Goods Trade Balance

The Goods Trade Balance released by the US Bureau of Economic Analysis and the U.S. Census Bureau is the difference in value between imported and exported goods during a certain month. The figure will be released monthly basis, between 4-7 days before the International Trade Balance, presenting advanced statistics for the reference month. Given that the it started in July 2015, volatility could be erratic during the first releases, although should be understood that higher exports and less imports are dollar positive, whilst the other way around, should produce a negative effect on the USD.

Next event - Thursday 27 August 2026 12:30

Previous
$-102.1B
Forecast
$-99B
Actual
-

The typical/expected market impact of this event is low.

The consensus forecast for Goods Trade Balance is $-99B. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Most recent - Tuesday 4 August 2026 12:30

Previous
$-101.5B
Revised
-
Forecast
-
Actual
-

Trading range

Forecast history

Past events

Date
Forecast
Actual
Tuesday 4 August 2026 12:30
-
-
Tuesday 28 July 2026 12:30
$-98B
$-101.5B
Tuesday 7 July 2026 12:30
-
$-105.89B
Friday 26 June 2026 12:30
$-85B
$-105.8B
Tuesday 9 June 2026 12:30
-
$-83.7B
Friday 29 May 2026 12:30
-
$-82.4B
Tuesday 5 May 2026 12:30
-
$-88.7B
Wednesday 29 April 2026 12:30
-
$-87.9B
Thursday 2 April 2026 12:30
-
$-84.6B
Friday 27 March 2026 12:30
-
-
Thursday 12 March 2026 12:30
-
$-81.8B
Thursday 26 February 2026 13:30
-
-
Thursday 19 February 2026 13:30
-
$-99.3B
Thursday 29 January 2026 13:30
-
$-86.9B
Thursday 8 January 2026 13:30
-
$-59.1B
Thursday 11 December 2025 13:30
-
$-79B
Friday 5 December 2025 13:30
-
-
Wednesday 26 November 2025 13:30
-
-
Wednesday 19 November 2025 13:30
-
$-85.6B
Tuesday 4 November 2025 13:30
-
-
Thursday 30 October 2025 12:30
-
-
Tuesday 7 October 2025 12:30
-
-
Thursday 25 September 2025 12:30
$-95.2B
$-85.5B
Thursday 4 September 2025 12:30
-
$-103.9B
Friday 29 August 2025 12:30
$-87.4B
$-103.6B
Tuesday 5 August 2025 12:30
-
$-85.9B
Tuesday 29 July 2025 12:30
$-98.4B
$-85.9B
Thursday 3 July 2025 12:30
-
$-97.5B
Thursday 26 June 2025 12:30
$-88.5B
$-96.6B
Thursday 5 June 2025 12:30
-
$-87.4B
Friday 30 May 2025 12:30
$-141.5B
$-87.62B
Tuesday 6 May 2025 12:30
-
$-163.5B
Tuesday 29 April 2025 12:30
-
$-162B
Thursday 3 April 2025 12:30
-
$-147B
Thursday 27 March 2025 12:30
$-134.5B
$-147.9B
Thursday 6 March 2025 13:30
$-127.4B
$-156.8B
Friday 28 February 2025 13:30
$-114.7B
$-153.3B
Wednesday 5 February 2025 13:30
-
$-123B
Wednesday 29 January 2025 13:30
$-105.7B
$-122.1B
Tuesday 7 January 2025 13:30
-
$-103.4B
Friday 27 December 2024 13:30
$-100.9B
$-102.9B
Thursday 5 December 2024 13:30
-
$-98.7B
Wednesday 27 November 2024 13:30
$-99.9B
$-99.1B
Tuesday 5 November 2024 13:30
-
$-109B
Tuesday 29 October 2024 12:30
$-96.1B
$-108.2B
Tuesday 8 October 2024 12:30
-
$-94.9B
Friday 27 September 2024 12:30
$-99.4B
$-94.3B
Wednesday 4 September 2024 12:30
-
$-103.1B
Thursday 29 August 2024 12:30
$-97.5B
$-102.7B
Tuesday 6 August 2024 12:30
-
$-97.4B
Wednesday 24 July 2024 12:30
$-98B
$-96.8B
Wednesday 3 July 2024 12:30
-
$-100.2B
Thursday 27 June 2024 12:30
$-96B
$-100.6B
Thursday 6 June 2024 12:30
-
$-99.2B
Thursday 30 May 2024 12:30
$-91.8B
$-99.4B
Thursday 2 May 2024 12:30
-
$-92.5B
Thursday 25 April 2024 12:30
$-91.2B
$-91.8B
Thursday 4 April 2024 12:30
-
$-91.4B
Friday 29 March 2024 12:30
-
$-91.8B
Thursday 7 March 2024 13:30
-
$-91.6B
Wednesday 28 February 2024 13:30
-
$-90.2B
Wednesday 7 February 2024 13:30
-
$-89.1B
Thursday 25 January 2024 13:30
-
$-88.5B
Tuesday 9 January 2024 13:30
-
$-89.4B
Thursday 28 December 2023 13:30
-
$-90.3B
Wednesday 6 December 2023 13:30
-
$-89.8B
Wednesday 29 November 2023 13:30
$-86.4B
$-89.8B
Tuesday 7 November 2023 13:30
-
$-86.3B
Thursday 26 October 2023 12:30
$-85.5B
$-85.8B
Thursday 5 October 2023 12:30
-
$-84.5B
Friday 29 September 2023 12:30
-
$-84.3B
Wednesday 6 September 2023 12:30
-
$-90B
Wednesday 30 August 2023 12:30
-
$-91.2B

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 Trade Balance result:

PreviousLatest
Core Personal Consumption Expenditures - Price Index (MoM)Bullish change0.1%0.2%
Core Personal Consumption Expenditures - Price Index (YoY)(no change)3.3%3.3%
Core Personal Consumption Expenditures (QoQ)Bullish change3.4%3.7%
Durable Goods OrdersBullish change0.5%1.1%
Durable Goods Orders ex DefenseBullish change0.5%1.3%
Durable Goods Orders ex TransportationBearish change0.7%0.4%
Gross Domestic Product Annualized(no change)1.5%1.5%
Gross Domestic Product Price IndexBullish change6.3%6.4%
Nondefense Capital Goods Orders ex AircraftBearish change1.2%0.2%
Personal Consumption Expenditures - Price Index (MoM)Bullish change-0.1%0.2%
Personal Consumption Expenditures - Price Index (YoY)(no change)3.7%3.7%
Personal Consumption Expenditures Prices (QoQ)Bullish change5.1%5.3%
Personal Income (MoM)Bullish change0.2%0.4%
Personal SpendingBearish change0.3%0.2%
New Home Sales Change (MoM)Bearish change7.6%-10.5%
Housing Price Index (MoM)Bearish change0.3%0%
ADP Employment Change 4-week averageBullish change9.5K11.75K
S&P Global Composite PMIBullish change54.556
S&P Global Manufacturing PMIBearish change53.953.2
S&P Global Services PMIBullish change54.656.8
Initial Jobless ClaimsBullish change212K206K
Philadelphia Fed Manufacturing SurveyBullish change41.447.4
Pending Home Sales (MoM)Bullish change-4.8%-2.3%
Industrial Production (MoM)Bearish change0.3%0.2%
Building Permits (MoM)Bullish change1.374M1.443M
Housing Starts (MoM)Bearish change1.415M1.239M
ADP Employment Change 4-week averageBullish change8.25K9.5K
NY Empire State Manufacturing IndexBullish change15.620.6
Michigan Consumer Expectations IndexBearish change55.450.6
Michigan Consumer Sentiment IndexBearish change55.251
UoM 1-year Consumer Inflation ExpectationsBullish change4.2%4.3%
UoM 5-year Consumer Inflation Expectation(no change)3.3%3.3%
Retail Sales (MoM)Bearish change0.2%-0.6%
Retail Sales Control GroupBearish change0.4%-0.4%
Retail Sales ex Autos (MoM)Bearish change-0.2%-0.3%
Initial Jobless ClaimsBearish change200K209K
Producer Price Index (MoM)Bullish change-0.1%0%
Producer Price Index (YoY)Bearish change5.5%4.7%
Producer Price Index ex Food & Energy (MoM)Bearish change0.4%0.2%
Producer Price Index ex Food & Energy (YoY)Bearish change4.7%4.2%

About Goods Trade Balance

Country:United States
Currency:USD
Source:US Bureau of Economic Analysis
Category:Capital Flows
Frequency:Monthly
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