Track US Goods Trade Balance to gauge export demand's impact on currency and domestic production.
The demand for exports and currency are interconnected as international buyers need to purchase the local currency to pay for the country's exports. Additionally, export demand influences production levels and prices among domestic manufacturers. Trade in goods constitutes approximately 75% of overall trade, thus offering early insights into the Trade Balance data that is released about five days later. A positive figure signifies that exports exceeded imports. This data first became available in July 2015.
What it Measures
The difference in value between goods imported and exported during the specified month.
Usual Effect
'Actual' results that exceed 'Forecast' are beneficial for the currency.
Source & Frequency
Census Bureau (latest release) - https://www.census.gov/ • Updated monthly, typically around 28 days following the end of the month.
How Data is Derived
N/A
Also Known As
International Trade in Goods, Advance Trade In Goods
Acronym
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