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Goods and Services Trade Balance

The Goods and Services Trade Balance released by the Bureau of Economic Analysis and the US Census Bureau is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. It is an event that generates some volatility for the USD. If a steady demand in exchange for US exports is seen, that would turn into a positive growth in the trade balance, and that should be positive for the USD.<

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Most recent - Thursday 5 June 2025 12:30

$-140.5B

Revised

Forecast

$-94B

Actual

$-61.6B

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Next event - Thursday 3 July 2025 12:30

Forecast

Actual

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

There is no forecast value for Goods and Services Trade Balance yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Goods and Services Trade Balance was $-61.6B against a forecast of $-94B.

Past events

Date

Forecast

Actual

Thursday 5 June 2025 12:30

$-94B

$-61.6B

Tuesday 6 May 2025 12:30

$-129B

$-140.5B

Thursday 3 April 2025 12:30

$-123.5B

$-122.7B

Thursday 6 March 2025 13:30

$-127.4B

$-131.4B

Wednesday 5 February 2025 13:30

$-96.6B

$-98.4B

Tuesday 7 January 2025 13:30

$-78B

$-78.2B

Thursday 5 December 2024 13:30

$-75B

$-73.8B

Tuesday 5 November 2024 13:30

$-84.1B

$-84.4B

Tuesday 8 October 2024 12:30

$-70.6B

$-70.4B

Wednesday 4 September 2024 12:30

$-79B

$-78.8B

Tuesday 6 August 2024 12:30

$-72.4B

$-73.1B

Wednesday 3 July 2024 12:30

$-76.2B

$-75.1B

Thursday 6 June 2024 12:30

$-76.1B

$-74.6B

Thursday 2 May 2024 12:30

$-69.1B

$-69.4B

Thursday 4 April 2024 12:30

$-67.3B

$-68.9B

Thursday 7 March 2024 13:30

$-63.5B

$-67.4B

Wednesday 7 February 2024 13:30

$-62.2B

Tuesday 9 January 2024 13:30

$-65B

$-63.2B

Wednesday 6 December 2023 13:30

$-64.1B

$-64.3B

Tuesday 7 November 2023 13:30

$-60.2B

$-61.5B

Thursday 5 October 2023 12:30

$-62.3B

$-58.3B

Wednesday 6 September 2023 12:30

$-65.8B

$-65B

Tuesday 8 August 2023 12:30

$-65B

$-65.5B

Thursday 6 July 2023 12:30

$-69.8B

$-69B

Wednesday 7 June 2023 12:30

$-75.2B

$-74.6B

Thursday 4 May 2023 12:30

$-63.3B

$-64.2B

Wednesday 5 April 2023 12:30

$-69B

$-70.5B

Wednesday 8 March 2023 13:30

$-68.9B

$-68.3B

Tuesday 7 February 2023 13:30

$-68.5B

$-67.4B

Thursday 5 January 2023 13:30

$-74B

$-61.51B

Tuesday 6 December 2022 13:30

$-79.1B

$-78.2B

Thursday 3 November 2022 12:30

$-72.2B

$-73.28B

Wednesday 5 October 2022 12:30

$-68B

$-67.4B

Wednesday 7 September 2022 12:30

$-70.3B

$-70.7B

Thursday 4 August 2022 12:30

$-80.1B

$-79.6B

Thursday 7 July 2022 12:30

$-84.9B

$-85.55B

Tuesday 7 June 2022 12:30

$-89.5B

$-87.1B

Economic context

Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next Goods and Services Trade Balance result:

		Previous	Latest
Initial Jobless Claims	Bearish change	240K	247K
Nonfarm Productivity	Bearish change	-0.8%	-1.5%
Unit Labor Costs	Bullish change	5.7%	6.6%
Challenger Job Cuts	Bearish change	105.441K	93.816K
ISM Services Employment Index	Bullish change	49	50.7
ISM Services New Orders Index	Bearish change	52.3	46.4
ISM Services PMI	Bearish change	51.6	49.9
ISM Services Prices Paid	Bullish change	65.1	68.7
S&P Global Composite PMI	Bullish change	52.1	53
ADP Employment Change	Bearish change	60K	37K
Factory Orders (MoM)	Bearish change	3.4%	-3.7%
JOLTS Job Openings	Bullish change	7.2M	7.391M
ISM Manufacturing Employment Index	Bullish change	46.5	46.8
ISM Manufacturing New Orders Index	Bullish change	47.2	47.6
ISM Manufacturing PMI	Bearish change	48.7	48.5
ISM Manufacturing Prices Paid	Bearish change	69.8	69.4
Michigan Consumer Expectations Index	Bullish change	46.5	47.9
Michigan Consumer Sentiment Index	Bullish change	50.8	52.2
UoM 1-year Consumer Inflation Expectations	Bearish change	7.3%	6.6%
UoM 5-year Consumer Inflation Expectation	Bearish change	4.6%	4.2%
Chicago PMI	Bearish change	44.6	40.5
Core Personal Consumption Expenditures - Price Index (MoM)	(no change)	0.1%	0.1%
Core Personal Consumption Expenditures - Price Index (YoY)	Bearish change	2.7%	2.5%
Personal Consumption Expenditures - Price Index (MoM)	Bullish change	0%	0.1%
Personal Consumption Expenditures - Price Index (YoY)	Bearish change	2.3%	2.1%
Personal Income (MoM)	Bullish change	0.7%	0.8%
Personal Spending	Bearish change	0.7%	0.2%
Pending Home Sales (MoM)	Bearish change	5.5%	-6.3%
Core Personal Consumption Expenditures (QoQ)	Bearish change	3.5%	3.4%
Gross Domestic Product Annualized	Bullish change	-0.3%	-0.2%
Gross Domestic Product Price Index	(no change)	3.7%	3.7%
Initial Jobless Claims	Bearish change	226K	240K
Personal Consumption Expenditures Prices (QoQ)	(no change)	3.6%	3.6%
Housing Price Index (MoM)	Bearish change	0%	-0.1%
Durable Goods Orders	Bearish change	7.6%	-6.3%
Durable Goods Orders ex Defense	Bearish change	9%	-7.5%
Durable Goods Orders ex Transportation	Bullish change	-0.2%	0.2%
Nondefense Capital Goods Orders ex Aircraft	Bearish change	0.3%	-1.3%
New Home Sales Change (MoM)	Bullish change	2.6%	10.9%

About Goods and Services Trade Balance

Country:	United States
Currency:	USD
Source:	US Census Bureau
Category:	Capital Flows
Frequency:	Monthly

Related events

	Australia		Trade Balance (MoM)
	Australia		Exports (MoM)
	Australia		Imports (MoM)
	Canada		Current Account
	China		Imports (YoY)
	China		Exports (YoY)
	China		Trade Balance USD
	China		Trade Balance CNY
	China		Imports (YoY) CNY
	China		Exports (YoY) CNY
	Germany		Trade Balance s.a.
	Japan		Merchandise Trade Balance Total
	Japan		Exports (YoY)
	Japan		Imports (YoY)
	Japan		Current Account n.s.a.
	New Zealand		Exports
	New Zealand		Trade Balance NZD (YoY)
	New Zealand		Imports

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Goods and Services Trade Balance

Most recent - Thursday 5 June 2025 12:30

Next event - Thursday 3 July 2025 12:30

Trading range

Trading range after each Goods and Services Trade Balance event

Forecast history

Past events

Economic context

About Goods and Services Trade Balance

Related events