SPY & U.S. Trade Balance
The difference between U.S. exports and imports of goods and services, measuring the country's net trade position.
SPY Price
Trade Balance
Year-over-Year Change
What It Measures
The Trade Balance measures the difference between what the U.S. exports and imports: - **Goods**: Physical products (manufactured goods, commodities, consumer products) - **Services**: Intangible exports/imports (tourism, financial services, intellectual property) - **Deficit**: Imports exceed exports (negative balance) - **Surplus**: Exports exceed imports (positive balance) The data is reported in millions of dollars, seasonally adjusted. The U.S. has run a trade deficit since 1975.
Why It Matters
**GDP Component**: Net exports are a component of GDP—deficits subtract from growth. **Dollar Impact**: Large deficits can pressure the U.S. dollar over time. **Manufacturing Indicator**: Reflects competitiveness of U.S. goods globally. **Global Demand**: Export strength signals overseas demand for U.S. products. **Policy Focus**: Trade imbalances often drive trade policy and tariff discussions.
Key Levels
Data Sources
SPY: S&P 500 ETF daily OHLCV data (1993-02-02 to 2026-03-30)
Trade Balance: BOPGSTB - U.S. Trade Balance from U.S. Census Bureau
Units: , ,