SPY & Trade Balance
The difference between a country's exports and imports of goods and services.
SPY Price
Trade Balance
Year-over-Year Change
What It Measures
The trade balance (or net exports) measures the difference between what the U.S. sells to other countries (exports) and what it buys from other countries (imports). **Trade Balance = Exports - Imports** A negative number (trade deficit) means imports exceed exports. The report breaks down: - Goods trade (merchandise) - Services trade (tourism, financial services, etc.) - Bilateral trade with major partners
Why It Matters
**GDP Component**: Net exports are part of GDP; a widening deficit subtracts from growth. **Dollar Demand**: Trade flows affect currency demand and exchange rates. **Trade Policy**: Informs trade negotiations and tariff decisions. **Global Competitiveness**: Shows U.S. competitive position in global markets.
Data Sources
SPY: S&P 500 ETF daily OHLCV data (1993-02-02 to 2026-01-22)
Trade Balance: BOPGSTB - Trade Balance from U.S. Census Bureau / Bureau of Economic Analysis
Units: Millions of Dollars, Seasonally Adjusted, Monthly