Real Net Exports of Goods and Services -1.084T for
Real Net Exports of Goods and Services came in at -1.084T for Q2 2026, down 8.17% from -1.002T the prior quarter and 2.43% 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.
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<iframe src="https://marketxls.com/embed/indicators/net-exports" width="100%" height="460" frameborder="0" title="Real Net Exports of Goods and Services chart"></iframe><p style="font:12px/1.4 sans-serif;margin:4px 0 0"><a href="https://marketxls.com/indicators/net-exports" rel="nofollow">Real Net Exports of Goods and Services chart - MarketXLS</a></p>Historical Data
⋮ | ⋮ |
|---|---|
| April 1, 2026 | -1.084T |
| 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 |
⋮ | ⋮ |
|---|---|
| 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 |
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 -1.084T 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.
Stats
| Last Value | -1.084T |
| Latest Period | Q2 2026 |
| Last Updated | August 26 2026, 07:48 |
| Value Previous Quarter | -1.002T |
| Change From Previous Quarter | -8.17% |
| Value 1 Year Ago | -1.058T |
| Change From Year Ago | -2.43% |
| Record High (Jul 1980) | 50.1B |
| Record Low (Jan 2025) | -1.381T |
| Long-Term Average | -326B |
| Frequency | Quarterly |
| Adjustment | Seasonally Adjusted Annual Rate |
| Unit | Billions of Chained 2017 Dollars |
Annual Averages
| 2026 | -1.043T |
| 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 |
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