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Balance of Trade fell to -3.28 in April 2026, down 2.61 from March's -0.67 reading. The reading missed the -0.8 consensus by 2.48. The print is running well below the 12-month average of 0.93. Over the past 3 months, Balance of Trade averaged -1.16, vs 1.01 in the prior 3-month window. Balance of Trade is now the lowest in 30 months.
The May 2026 reading fell from the previous value of -0.67. Historically, this indicator is positively correlated with BTC/USD (Bullish BTC) and positively correlated with XAU/USD (Bullish XAU).
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