Definition: Net exports account
for the balance or about 13% of the GDP. They are equal to the difference
between exports and imports of goods and services. Net exports are also
defined as the trade balance of the country. Imports deduct from GDP
and exports add to the figure. Since the early 1980s, the U. S. has consistently
experienced a trade balance deficit, i.e. net imports with imports exceeding
Related Indicators: International Trade; the Current Account is equal to the net exports plus Net Factor Income from Abroad.
Source: Department of Commerce, Bureau of Economic Analysis,. NIPA dataset.
Frequency: Quarterly, revised monthly. The consumption for a given quarter is released together with the GDP figures in the first month following a quarter as the "advance estimate". The "preliminary estimate" is published in the second month, followed by the "revised" estimate in the third month.
Availability: Three to four weeks
following the reported quarter
Direction: Counter-cyclical as the trade balance tends to improve in recessions and worsen in periods of high growth
Timing: Coincident indicator
Likely Impact on Financial Markets:
See the Dismal Scientist Homepage for charts, tables and analysis of the latest report.
Graphs of the latest net exports data from The Economic Statistics Briefing Room of the White House
The latest GDP report from BEA includes an analysis of net exports trends in the latest quarter
You can see net exports, exports and imports charts with theEconomic Chart Dispenser
You can create customized net exports charts with the Economic Chart Maker Tip: type "EXPORTS" in the Label section of the form and choose the transformation of the data you are interested in.
An analysis of the 1997-Q-3 GDP report from First Union
of the 1997-Q3 GDP report from Morgan Stanley's Stephen Roach
An Analysis of the 1997-Q2 GDP report from Morgan Stanley's Stephen Roach