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U.S. Trade Balance: Goods vs. Services
U.S. trade balance in goods, in services and in total, monthly, $ billions
1 of 3 series is above their level a year earlier
Plays the chart through its history. Pauses are where the data set a record or moved most.
Goods · Continuation · the recent trend, flattening · 30 days
Services · Continuation · the recent trend, flattening · 30 days
Goods and services · Continuation · the recent trend, flattening · 30 days
Dashed: the projection from the latest reading. A projection, not a promise.
Balance of payments basis, seasonally adjusted. Below zero is a deficit.
The U.S. buys far more goods from the world than it sells, and sells more services than it buys. The total deficit is the goods gap minus the services surplus; tariff deadlines show up as spikes when importers rush shipments in early.
What this chart reads
- U.S. Trade Balance: Goodsas “Goods”behindlatest 2026-08-01
- U.S. Trade Balance: Servicesas “Services”behindlatest 2026-08-01
- U.S. Trade Balance: Goods and Servicesas “Goods and services”behindlatest 2026-08-01
Sources
U.S. Trade Balance: Goods. Source: U.S. Census Bureau and U.S. Bureau of Economic Analysis, U.S. International Trade in Goods and Services (FT-900), series BOPGTB. Palanor pulls it from the FRED API (Federal Reserve Bank of St. Louis) nightly. Works of the U.S. government are in the public domain.
U.S. Trade Balance: Services. Source: U.S. Census Bureau and U.S. Bureau of Economic Analysis, U.S. International Trade in Goods and Services (FT-900), series BOPSTB. Palanor pulls it from the FRED API (Federal Reserve Bank of St. Louis) nightly. Works of the U.S. government are in the public domain.
U.S. Trade Balance: Goods and Services. Source: U.S. Census Bureau and U.S. Bureau of Economic Analysis, U.S. International Trade in Goods and Services (FT-900), series BOPGSTB. Palanor pulls it from the FRED API (Federal Reserve Bank of St. Louis) nightly. Works of the U.S. government are in the public domain.
Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.