Image: U.S. Trade Deficit 2011

Description: U.S. Trade Deficit Net exports (exports less imports or X-M) is one of the components of GDP. In the U.S., net exports are negative, meaning imports are greater than exports. This is a trade deficit. Mathematically, a trade deficit reduces GDP, other things equal. The U.S. trade deficit decreased from $627.7 billion in 2019 to $617.7 billion in 2018, down $10.9 billion or 1.7%.[1] The U.S. trade deficit with China (goods only) decreased from $420 billion in 2018 to $346 billion in 2019, down $74 billion or 20%.[2] The Federal Reserve Economic Data (FRED) chart containing the trade deficit and GDP data for the image is available at the citations.[3] References ↑ U.S. Census Bureau-Annual Trade Highlights-Retrieved October 16, 2016 ↑ U.S. Census Bureau-Trade with China-Retrieved October 16, 2016 ↑ FRED-Trade Deficit and GDP Data Obtaining data The trade deficit data is available here: BEA - Trade News Release. Use the interactive tables option to get the period needed. The GDP data is available here: BEA-GDP News Release Use the interactive tables, Table 1.1.5 GDP for the nominal GDP.
Title: U.S. Trade Deficit 2011
Credit: Created by Farcaster using FRED and data from U.S. Bureau of Economic Analysis: https://fred.stlouisfed.org/graph/?graph_id=182834&category_id=
Author: Farcaster, FRED, U.S. Bureau of Economic Analysis
Usage Terms: Public domain
License: Public domain
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