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America's Two Trade Balances

The headline deficit is a goods story; America runs a persistent surplus selling services.

America's Two Trade Balances
Source: U.S. Census & BEA (FRED) · BOPGTB, BOPSTBData through May 2026 · Updated Jul 14, 2026

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Chixan (2026). America's Two Trade Balances. U.S. Census & BEA (FRED). https://chixan.com/charts/trade/us_trade_balance/

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