

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.<

Hide description Full calendar

Next event - Thursday 5 March 2026 13:30

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.

Most recent - Thursday 19 February 2026 13:30

$-56.8B

Revised

$-53B

Forecast

$-55.5B

Actual

$-70.3B

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

Trading range

Forecast history

The most recent announced value for Goods and Services Trade Balance was $-70.3B against a forecast of $-55.5B.

Past events

Date

Forecast

Actual

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

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

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:

		Previous	Latest
ISM Services Employment Index	Bullish change	50.3	51.8
ISM Services New Orders Index	Bullish change	53.1	58.6
ISM Services PMI	Bullish change	53.8	56.1
ISM Services Prices Paid	Bearish change	66.6	63
S&P Global Composite PMI	Bearish change	52.3	51.9
ADP Employment Change	Bullish change	11K	63K
ISM Manufacturing Employment Index	Bullish change	48.1	48.8
ISM Manufacturing New Orders Index	Bearish change	57.1	55.8
ISM Manufacturing PMI	Bearish change	52.6	52.4
ISM Manufacturing Prices Paid	Bullish change	59	70.5
Chicago PMI	Bullish change	54	57.7
Producer Price Index (MoM)	Bullish change	0.4%	0.5%
Producer Price Index (YoY)	Bearish change	3%	2.9%
Producer Price Index ex Food & Energy (MoM)	Bullish change	0.6%	0.8%
Producer Price Index ex Food & Energy (YoY)	Bullish change	3.3%	3.6%
Initial Jobless Claims	Bearish change	208K	212K
Housing Price Index (MoM)	Bearish change	0.7%	0.1%
ADP Employment Change 4-week average	Bullish change	11.5K	12.8K
Factory Orders (MoM)	Bearish change	2.7%	-0.7%
New Home Sales Change (MoM)	Bearish change	15.5%	-1.7%
New Home Sales Change (MoM)	Bullish change	-8.8%	15.5%
Michigan Consumer Expectations Index	(no change)	56.6	56.6
Michigan Consumer Sentiment Index	Bearish change	57.3	56.6
UoM 1-year Consumer Inflation Expectations	Bearish change	3.5%	3.4%
UoM 5-year Consumer Inflation Expectation	Bearish change	3.4%	3.3%
S&P Global Composite PMI	Bearish change	53	52.3
S&P Global Manufacturing PMI	Bearish change	52.4	51.2
S&P Global Services PMI	Bearish change	52.7	52.3
Core Personal Consumption Expenditures (QoQ)	Bearish change	2.9%	2.7%
Gross Domestic Product Annualized	Bearish change	4.4%	1.4%
Gross Domestic Product Price Index	(no change)	3.7%	3.7%
Personal Consumption Expenditures Prices (QoQ)	Bullish change	2.8%	2.9%
Core Personal Consumption Expenditures - Price Index (MoM)	Bullish change	0.2%	0.4%
Core Personal Consumption Expenditures - Price Index (YoY)	Bullish change	2.8%	3%
Personal Consumption Expenditures - Price Index (MoM)	Bullish change	0.2%	0.4%
Personal Consumption Expenditures - Price Index (YoY)	Bullish change	2.8%	2.9%
Personal Income (MoM)	Bearish change	0.4%	0.3%
Personal Spending	(no change)	0.4%	0.4%
Pending Home Sales (MoM)	Bullish change	-7.4%	-0.8%
Initial Jobless Claims	Bullish change	229K	206K
Philadelphia Fed Manufacturing Survey	Bullish change	12.6	16.3

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

The terms and conditions of use set out below (referred to as "FX Blue's Terms"), form a contractual agreement governing FX Blue's relationship with you in relation to your use of this Website (“Agreement”) and you agree to be legally bound by FX Blue's Terms just as if you had signed this Agreement. By using this Website and any Information, you are agreeing to comply with and be bound by FX Blue's Terms, including any revisions that may be made to FX Blue's Terms from time to time. FX Blue reserves the right, in FX Blue's sole discretion, to change, modify, add or remove portions of FX Blue's Terms at any time by posting the revisions on the Website. You should check FX Blue's Terms periodically for changes as by using the Website after FX Blue posts any changes to FX Blue's Terms, you are agreeing to accept those changes, whether or not you have reviewed them, and you waive any right you may have to receive individualised notice of such changes. FX Blue's Terms may be supplemented by additional terms and conditions pertaining to specific content and activities. You agree and understand that such additional terms and conditions are hereby incorporated by reference to FX Blue's Terms. Your continued use of the Website means that you accept any new or modified FX Blue Terms.

Goods and Services Trade Balance

Next event - Thursday 5 March 2026 13:30

Most recent - Thursday 19 February 2026 13:30

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