2017 Economic Calendar
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International Trade  
Released On 6/2/2017 8:30:00 AM For Apr, 2017
PriorConsensusConsensus Range
Trade Balance Level$-43.7 B$-46.1 B$-47.0 B to $-42.9 B

Recent History Of This Indicator
Forecasters see the international trade gap for goods and services widening sharply to a consensus $46.1 billion in April from $43.7 billion in March. This would be an early negative for second-quarter GDP. The consensus is in line with advance data on the cross-border goods deficit which, reflecting weak exports, widened noticeably. Any surprises in April's report could affect expectations for second-quarter GDP.

Definition
International trade is composed of merchandise (tangible goods) and services. It is available nationally by export, import and trade balance. Merchandise trade is available by export, import and trade balance for six principal end-use commodity categories and for more than one hundred principal Standard International Trade Classification (SITC) system commodity groupings. Data are also available for 36 countries and geographic regions. Detailed information is reported on oil and motor vehicle imports. Services trade is available by export, import and trade balance for seven principal end-use categories.  Why Investors Care
 
[Chart]
Exports grow when foreign economies are strong. The weaker the foreign exchange value of the dollar, the less expensive goods and services are to foreigners, and this also helps spurt export activity. Imports grow when U.S. economic growth is robust. Imports are also spurred by a strong foreign exchange value of the dollar.
Data Source: Haver Analytics
 
[Chart]
The international trade balance has posted a deficit almost continuously since the 1980s. Any trade deficit is a drag on U.S. GDP growth, but a smaller deficit adds to growth, while a larger deficit decreases GDP growth.
Data Source: Haver Analytics
 
 

2017 Release Schedule
Released On: 1/62/73/74/45/46/27/68/49/610/511/312/5
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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