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Data from U.S. Bureau of Economic Analysis. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Goods Trade Balance Adv fell to -118.8B in July 2026
U.S. Bureau of Economic AnalysisMonthlyReleased August 2026
US Goods Trade Balance Adv fell to -118.8B in July 2026, released August 2026, down 17.39B from June's -101.41B reading. The reading missed the -99B consensus by 19.8B. Goods Trade Balance Adv has now declined for 3 consecutive months. Goods Trade Balance Adv is now the lowest in 15 months.
Latest Release
-118.8
Actual
-99
Consensus
-101.41
Previous
Median Absolute Error
±9.27 billion
across last 12 releases
Last Call
Aug 2026
Predicted: -98.35
Actual: -118.8
Error: +20.45
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/CAD | ▲ Direct | +0.49 | FOREX | Moves with | → View |
| AAPL | ▼ Inverse | −0.42 | STOCKS | Moves against | → View |
| NZD/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| GBP/USD | ▲ Direct | +0.26 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Goods Trade Balance Adv (United States) was reported at -118.80 billion in August 2026. This missed the market consensus of -99.00 billion by 19.80 billion. The reading fell from the previous value of -101.41 billion. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged -93.20 billion, ranging from -118.80 billion to -80.80 billion across 7 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -100.90 billion, down from the prior three at -87.60 billion. Volatility over the past year (σ 12.85 billion) is lower than the prior year (σ 30.99 billion). In August readings over the past 3 years, Goods Trade Balance Adv has averaged -108.35 billion.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/CAD (Bullish USD). A secondary relationship exists with AAPL, negatively correlated (Bearish AAPL). Over the last 12 releases, the Sigmacast model's median absolute error is 9.27 billion.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Initial Jobless Claims (Oct 29) and GDP Price Index QoQ (Oct 29).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Goods Trade Balance Adv - US
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About Goods Trade Balance Adv — United States
DEFINITION
antages The Goods Trade Balance is a key financial indicator that measures the difference between a country's exports and imports of goods. This indicator provides valuable insights into a country's trade performance and can help identify areas of strength and weakness in its economy. By monitoring the Goods Trade Balance, businesses and investors can make informed decisions about international trade opportunities and potential risks. Additionally, policymakers can use this indicator to assess the effectiveness of trade policies and make adjustments to improve the country's trade balance. Overall, the Goods Trade Balance is a crucial tool for understanding a country's trade dynamics and can provide numerous advantages for businesses, investors, and policymakers alike.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual -118.8 B, consensus -99 B. Prior reading (Jun 2026): -101.5 B. Before that (Apr 2026): -82.4 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/CAD (Bullish USD, r=0.49) — a useful reference for forex-focused traders.
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Economic Calendar - US Events
| Wednesday, October 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Wholesale Inventories MoM | 0.6 | 0.5 | 0.5 | 0.55 | Medium |
| 12:30 | US | Retail Inventories Ex Autos MoM | 0.4 | 0.1 | -0.1 | 0.15 | Medium |
| 12:30 | US | Goods Trade Balance | -134.9 | -132.07 | -130 | -132.45 | High |
| 14:30 | US | EIA Distillate Stocks Change | -1.462 | 1.675 | -0.9 | -1.18 | Low |
| 14:30 | US | EIA Crude Oil Stocks Change | -1.892 | -3.061 | 0 | -0.95 | Medium |
| 14:30 | US | EIA Gasoline Stocks Change | 3.87 | -2.952 | -0.9 | 1.49 | Medium |
| 18:00 | US | Fed Interest Rate Decision | 4 | 4 | 4 | 4.00 | High |
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Initial Jobless Claims | 194 | 199 | 197.50 | High | |
| 12:30 | US | GDP Price Index QoQ | 6.1 | 3.2 | 4.55 | Medium | |
| 12:30 | US | Core PCE Price Index MoM | 0.2 | 0.3 | 0.25 | High | |
| 12:30 | US | PCE Price Index YoY | 3.4 | 3.6 | 3.60 | Medium | |
| 12:30 | US | Personal Income MoM | 0.2 | 0.3 | 0.25 | High | |
| 12:30 | US | PCE Price Index MoM | 0.3 | 0.5 | 0.50 | Medium | |
| 12:30 | US | Core PCE Price Index YoY | 3 | 3.1 | 3.10 | High | |
| 12:30 | US | Jobless Claims 4-Week Average | 197.75 | 197 | 193.38 | High | |
| 12:30 | US | Continuing Jobless Claims | 1728 | 1720 | 1711.00 | High | |
| 12:30 | US | Real Consumer Spending QoQ | 3.8 | 3.9 | 5.30 | Low | |
| 12:30 | US | GDP Sales QoQ | 2.8 | 3.5 | 3.90 | Low | |
| 12:30 | US | Personal Spending MoM | 0.9 | 0.6 | 0.60 | High | |
| 12:30 | US | GDP Growth Rate QoQ | 2.2 | 3.2 | 2.90 | High | |
| 12:30 | US | Core PCE Prices QoQ | 3.3 | 2.4 | 2.35 | Low | |
| 12:30 | US | PCE Prices QoQ | 5 | 3.4 | 3.95 | Low | |
| 14:30 | US | EIA Natural Gas Stocks Change | 77 | 75 | 71.50 | Low | |