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.<

Next event - Thursday 2 April 2026 12:30

Previous
$-54.5B
Forecast
$-59.2B
Actual
-

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

The consensus forecast for Goods and Services Trade Balance is $-59.2B. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Most recent - Thursday 12 March 2026 12:30

Previous
$-70.3B
Revised
$-72.9B
Forecast
$-66.6B
Actual
$-54.5B

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

Trading range

Forecast history

The most recent announced value for Goods and Services Trade Balance was $-54.5B against a forecast of $-66.6B.

Past events

Date
Forecast
Actual
Thursday 12 March 2026 12:30
$-66.6B
$-54.5B
Thursday 19 February 2026 13:30
$-55.5B
$-70.3B
Thursday 29 January 2026 13:30
$-40.5B
$-56.8B
Thursday 8 January 2026 13:30
$-58.9B
$-29.4B
Thursday 11 December 2025 13:30
$-63.3B
$-52.8B
Thursday 4 December 2025 13:30
$-65.5B
-
Wednesday 19 November 2025 13:30
$-61B
$-59.6B
Tuesday 4 November 2025 13:30
$-60.4B
-
Tuesday 7 October 2025 12:30
$-60.4B
-
Thursday 4 September 2025 12:30
$-75.7B
$-78.3B
Tuesday 5 August 2025 12:30
$-61.6B
$-60.2B
Thursday 3 July 2025 12:30
$-71B
$-71.5B
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
$-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

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 and Services Trade Balance result:

PreviousLatest
ISM Manufacturing Employment IndexBearish change48.848.7
ISM Manufacturing New Orders IndexBearish change55.853.5
ISM Manufacturing PMIBullish change52.452.7
ISM Manufacturing Prices PaidBullish change70.578.3
Retail Sales (MoM)Bullish change-0.1%0.6%
Retail Sales Control GroupBullish change0.2%0.5%
Retail Sales ex Autos (MoM)Bullish change0%0.5%
ADP Employment ChangeBearish change66K62K
JOLTS Job OpeningsBearish change7.24M6.882M
Chicago PMIBearish change57.752.8
Housing Price Index (MoM)Bearish change0.3%0.1%
Michigan Consumer Expectations IndexBearish change54.151.7
Michigan Consumer Sentiment IndexBearish change55.553.3
UoM 1-year Consumer Inflation ExpectationsBullish change3.4%3.8%
UoM 5-year Consumer Inflation Expectation(no change)3.2%3.2%
Initial Jobless ClaimsBearish change205K210K
S&P Global Composite PMIBearish change51.951.4
S&P Global Manufacturing PMIBullish change51.652.4
S&P Global Services PMIBearish change51.751.1
Nonfarm ProductivityBearish change2.8%1.8%
Unit Labor CostsBullish change2.8%4.4%
ADP Employment Change 4-week averageBullish change9K10K
New Home Sales Change (MoM)Bearish change-6.8%-17.6%
Initial Jobless ClaimsBullish change213K205K
Philadelphia Fed Manufacturing SurveyBullish change16.318.1

About Goods and Services Trade Balance

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