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Trade Balance
Exports minus imports. Below zero is a trade deficit.
-$0.87T
Billions of dollars · latest, Apr 2026
vs prior quarter▼ 6.0%
vs year ago▲ 3.4%
| Year | Trade Balance |
|---|---|
| 1947 | +$0.01T |
| 1948 | +$0.00T |
| 1949 | +$0.00T |
| 1950 | -$0.00T |
| 1951 | +$0.00T |
| 1952 | -$0.00T |
| 1953 | -$0.00T |
| 1954 | +$0.00T |
| 1955 | +$0.00T |
| 1956 | +$0.00T |
| 1957 | +$0.00T |
| 1958 | -$0.00T |
| 1959 | +$0.00T |
| 1960 | +$0.01T |
| 1961 | +$0.00T |
| 1962 | +$0.00T |
| 1963 | +$0.01T |
| 1964 | +$0.01T |
| 1965 | +$0.01T |
| 1966 | +$0.00T |
| 1967 | +$0.00T |
| 1968 | +$0.00T |
| 1969 | +$0.00T |
| 1970 | +$0.00T |
| 1971 | -$0.00T |
| 1972 | -$0.00T |
| 1973 | +$0.01T |
| 1974 | +$0.00T |
| 1975 | +$0.01T |
| 1976 | -$0.01T |
| 1977 | -$0.03T |
| 1978 | -$0.02T |
| 1979 | -$0.03T |
| 1980 | -$0.01T |
| 1981 | -$0.01T |
| 1982 | -$0.03T |
| 1983 | -$0.07T |
| 1984 | -$0.11T |
| 1985 | -$0.13T |
| 1986 | -$0.13T |
| 1987 | -$0.15T |
| 1988 | -$0.11T |
| 1989 | -$0.08T |
| 1990 | -$0.08T |
| 1991 | -$0.02T |
| 1992 | -$0.05T |
| 1993 | -$0.07T |
| 1994 | -$0.10T |
| 1995 | -$0.07T |
| 1996 | -$0.09T |
| 1997 | -$0.12T |
| 1998 | -$0.18T |
| 1999 | -$0.30T |
| 2000 | -$0.41T |
| 2001 | -$0.37T |
| 2002 | -$0.50T |
| 2003 | -$0.52T |
| 2004 | -$0.70T |
| 2005 | -$0.80T |
| 2006 | -$0.74T |
| 2007 | -$0.73T |
| 2008 | -$0.63T |
| 2009 | -$0.47T |
| 2010 | -$0.52T |
| 2011 | -$0.60T |
| 2012 | -$0.52T |
| 2013 | -$0.43T |
| 2014 | -$0.53T |
| 2015 | -$0.52T |
| 2016 | -$0.53T |
| 2017 | -$0.55T |
| 2018 | -$0.63T |
| 2019 | -$0.51T |
| 2020 | -$0.76T |
| 2021 | -$0.91T |
| 2022 | -$0.85T |
| 2023 | -$0.79T |
| 2024 | -$0.94T |
| 2025 | -$0.78T |
| 2026 | -$0.87T |
Hover the line to read any month. Drag across the chart to zoom; double-click to reset.
Source: FRED · NETEXP · series · Jan 1947 to Apr 2026 · latest-revised
Refreshed Jul 31, 2026 from FRED.
Exports minus imports. Below zero is a trade deficit.
Net exports of goods and services: exports minus imports, in current dollars.
Source: FRED · Apr 2026 · Full lesson → Learn
About the bands. Shaded spans are NBER-dated US recessions, drawn as factual overlays. They mark when the economy contracted, not why. Lining an event up with a move is not evidence it caused the move.
Read across
No single number is the economy. These measure nearby parts of it — add one to compare, or open it on its own.
- Exports Goods and services sold abroad, one side of the balance.
- Imports Goods and services bought from abroad, the other side.
- US Dollar Index (Broad) The dollar's value against trading-partner currencies.