Goods Trade (Advance)

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Definition of 'Goods Trade (Advance)'

Goods Trade (Advance) refers to a report issued by the United States Census Bureau and the U.S. Bureau of Economic Analysis that provides an early estimate of the country's international trade in goods.

The report is issued monthly and provides an advance estimate of the value of U.S. exports and imports of goods, as well as the trade balance (i.e., the difference between exports and imports). The data in the report is based on incomplete and preliminary information and is subject to revision in later releases.

The Goods Trade (Advance) report is closely watched by analysts and investors as an early indicator of the state of the U.S. economy and the health of global trade. Changes in the value of exports and imports can signal shifts in economic growth, inflation, and consumer and business confidence, and can impact financial markets and exchange rates.

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