MarketXLS

Real Net Exports of Goods and Services

-1.075T for Q2 2026

Real Net Exports of Goods and Services came in at -1.075T for Q2 2026, down 7.27% from -1.002T the prior quarter and 1.57% below its level of -1.058T one year ago. The series has averaged -326B since 1970, reaching a record high of 50.1B in July 1980 and a record low of -1.381T in January 2025.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

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Cite this data: "Real Net Exports of Goods and Services," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/net-exports

Historical Data

Observation dateValue
April 1, 2026-1.075T
January 1, 2026-1.002T
October 1, 2025-969B
July 1, 2025-955B
April 1, 2025-1.058T
January 1, 2025-1.381T
October 1, 2024-1.069T
July 1, 2024-1.065T
April 1, 2024-1.032T
January 1, 2024-964B
October 1, 2023-934B
July 1, 2023-926B
April 1, 2023-928B
January 1, 2023-912B
October 1, 2022-945B
July 1, 2022-953B
April 1, 2022-1.093T
January 1, 2022-1.107T
October 1, 2021-985B
July 1, 2021-957B
April 1, 2021-904B
January 1, 2021-860B
October 1, 2020-807B
July 1, 2020-722B
April 1, 2020-549B
January 1, 2020-545B
October 1, 2019-562B
July 1, 2019-635B
April 1, 2019-649B
January 1, 2019-619B
October 1, 2018-644B
July 1, 2018-622B
April 1, 2018-549B
January 1, 2018-558B
October 1, 2017-562B
July 1, 2017-542B
April 1, 2017-545B
January 1, 2017-525B
October 1, 2016-537B
July 1, 2016-480B
April 1, 2016-496B
January 1, 2016-510B
October 1, 2015-507B
July 1, 2015-496B
April 1, 2015-459B
January 1, 2015-444B
October 1, 2014-385B
July 1, 2014-335B
April 1, 2014-340B
January 1, 2014-330B
October 1, 2013-276B
July 1, 2013-319B
April 1, 2013-319B
January 1, 2013-303B
October 1, 2012-317B
July 1, 2012-342B
April 1, 2012-342B
January 1, 2012-353B
October 1, 2011-367B
July 1, 2011-351B
April 1, 2011-352B
January 1, 2011-377B
October 1, 2010-383B
July 1, 2010-427B
April 1, 2010-401B
January 1, 2010-342B
October 1, 2009-329B
July 1, 2009-324B
April 1, 2009-304B
January 1, 2009-397B
October 1, 2008-469B
July 1, 2008-442B
April 1, 2008-464B
January 1, 2008-540B
October 1, 2007-560B
July 1, 2007-623B
April 1, 2007-664B
January 1, 2007-677B
October 1, 2006-675B
July 1, 2006-739B
April 1, 2006-714B
January 1, 2006-720B
October 1, 2005-735B
July 1, 2005-710B
April 1, 2005-698B
January 1, 2005-701B
October 1, 2004-710B
July 1, 2004-694B
April 1, 2004-670B
January 1, 2004-621B
October 1, 2003-597B
July 1, 2003-595B
April 1, 2003-600B
January 1, 2003-576B
October 1, 2002-580B
July 1, 2002-530B
April 1, 2002-512B
January 1, 2002-491B
October 1, 2001-470B
July 1, 2001-445B
April 1, 2001-417B
January 1, 2001-435B
October 1, 2000-441B
July 1, 2000-425B
April 1, 2000-395B
January 1, 2000-381B
October 1, 1999-339B
July 1, 1999-325B
April 1, 1999-307B
January 1, 1999-280B
October 1, 1998-235B
July 1, 1998-233B
April 1, 1998-210B
January 1, 1998-166B
October 1, 1997-124B
July 1, 1997-94.8B
April 1, 1997-76.4B
January 1, 1997-80.7B
October 1, 1996-53B
July 1, 1996-94.2B
April 1, 1996-67.6B
January 1, 1996-60.3B
October 1, 1995-39.1B
July 1, 1995-40B
April 1, 1995-76.3B
January 1, 1995-79.7B
October 1, 1994-75.6B
July 1, 1994-69.3B
April 1, 1994-75B
January 1, 1994-69.6B
October 1, 1993-57.4B
July 1, 1993-49.3B
April 1, 1993-36.4B
January 1, 1993-29.1B
October 1, 1992-13.9B
July 1, 1992566M
April 1, 1992-3.444B
January 1, 19928.366B
October 1, 1991413M
July 1, 1991104M
April 1, 19913.153B
January 1, 1991-9.341B
October 1, 1990-21.4B
July 1, 1990-46.4B
April 1, 1990-54.3B
January 1, 1990-63.7B
October 1, 1989-68.8B
July 1, 1989-65.8B
April 1, 1989-73B
January 1, 1989-95.4B
October 1, 1988-109B
July 1, 1988-106B
April 1, 1988-102B
January 1, 1988-124B
October 1, 1987-155B
July 1, 1987-158B
April 1, 1987-166B
January 1, 1987-169B
October 1, 1986-173B
July 1, 1986-184B
April 1, 1986-177B
January 1, 1986-157B
October 1, 1985-170B
July 1, 1985-160B
April 1, 1985-160B
January 1, 1985-133B
October 1, 1984-146B
July 1, 1984-139B
April 1, 1984-134B
January 1, 1984-122B
October 1, 1983-93.3B
July 1, 1983-79.1B
April 1, 1983-53.1B
January 1, 1983-25.4B
October 1, 1982-22.6B
July 1, 1982-21.1B
April 1, 198212.4B
January 1, 19824.131B
October 1, 198110.2B
July 1, 198119B
April 1, 198123.2B
January 1, 198121.6B
October 1, 198029.6B
July 1, 198050.1B
April 1, 198024.6B
January 1, 1980-11.2B
October 1, 1979-21.3B
July 1, 1979-35B
April 1, 1979-53.2B
January 1, 1979-51.9B
October 1, 1978-53.2B
July 1, 1978-60.8B
April 1, 1978-59.4B
January 1, 1978-88.5B
October 1, 1977-71.4B
July 1, 1977-57B
April 1, 1977-64.2B
January 1, 1977-68.5B
October 1, 1976-48.1B
July 1, 1976-40.2B
April 1, 1976-35.4B
January 1, 1976-25.2B
October 1, 1975-5.667B
July 1, 1975-6.181B
April 1, 197518.8B
January 1, 19755.33B
October 1, 1974-26.5B
July 1, 1974-36.4B
April 1, 1974-26.7B
January 1, 1974-24.3B
October 1, 1973-37.9B
July 1, 1973-48.1B
April 1, 1973-57.4B
January 1, 1973-78.1B
October 1, 1972-80.4B
July 1, 1972-76.3B
April 1, 1972-82.6B
January 1, 1972-87B
October 1, 1971-70.6B
July 1, 1971-70.3B
April 1, 1971-74.1B
January 1, 1971-53.8B
October 1, 1970-58.5B
July 1, 1970-55.1B
April 1, 1970-56.4B
January 1, 1970-58.8B
October 1, 1969N/A
July 1, 1969N/A
April 1, 1969N/A
January 1, 1969N/A
October 1, 1968N/A
July 1, 1968N/A
April 1, 1968N/A
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October 1, 1954N/A
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April 1, 1947N/A
January 1, 1947N/A

About Real Net Exports of Goods and Services

What it measures

Real Net Exports of Goods and Services (FRED series NETEXC) measures inflation-adjusted US exports minus imports, the trade component of GDP. The Bureau of Economic Analysis publishes it quarterly in chained dollars. The figure has been negative for decades, reflecting a persistent US trade deficit in real terms.

Why it matters

Net exports determine whether trade adds to or subtracts from GDP growth in a given quarter, and swings here frequently explain large gaps between headline GDP and domestic demand. The series also reflects relative growth between the US and its trading partners, dollar strength, and shifts in supply chains and trade policy.

How to read it

A less negative reading boosts measured GDP growth; a widening deficit subtracts from it. Crucially, a smaller deficit is not always good news: imports fall when domestic demand weakens, so trade can flatter GDP during downturns. Look at exports and imports separately to distinguish foreign demand strength from domestic demand weakness before drawing conclusions.

Get Real Net Exports of Goods and Services in Excel

Pull Real Net Exports of Goods and Services directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=RealNetExports()

View the Real Net Exports formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current Real Net Exports of Goods and Services?

Real Net Exports of Goods and Services is -1.075T as of April 2026.

What is the all-time high and low of Real Net Exports of Goods and Services?

The highest value on record is 50.1B (July 1980) and the lowest is -1.381T (January 2025).

How often is Real Net Exports of Goods and Services updated?

Real Net Exports of Goods and Services is published on a quarterly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get Real Net Exports of Goods and Services in Excel?

Use the MarketXLS Excel formula =RealNetExports() to pull Real Net Exports of Goods and Services directly into any cell, with historical values available for analysis.

Basic info
Real Net exports are the difference between a country's total value of exports and total value of imports that is adjusted for inflation.
RegionUnited States
FrequencyQuarterly
Last updatedJuly 30, 2026
Seasonal adjustmentSeasonally Adjusted Annual Rate
UnitBillions of Chained 2017 Dollars

Stats
Last Value-1.075T
Latest PeriodQ2 2026
Last UpdatedJuly 30 2026, 10:07
Value Previous Quarter-1.002T
Change From Previous Quarter-7.27%
Value 1 Year Ago-1.058T
Change From Year Ago-1.57%
Record High (Jul 1980)50.1B
Record Low (Jan 2025)-1.381T
Long-Term Average-326B
FrequencyQuarterly
AdjustmentSeasonally Adjusted Annual Rate
UnitBillions of Chained 2017 Dollars

Annual Averages
2026-1.038T
2025-1.091T
2024-1.033T
2023-925B
2022-1.024T
2021-926B
2020-656B
2019-616B
2018-594B
2017-543B
2016-506B
2015-476B

Related Indicators
Real Gross Domestic Product
Real Personal Consumption Expenditures
Real Gross Private Domestic Investment
Real Government Spending
Real Exports of Goods and Services
Real imports of goods and services
Federal Receipts
Federal Net Outlays
Federal Surplus or Deficit
US Federal Debt (Total Public Debt)
Real Private Nonresidential Fixed Investment
Real Private Residential Fixed Investment
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