AI Data Insight
The annualized quarter-on-quarter growth rate of nominal exports of goods and services in the U.S. nominal GDP for the second quarter of 2026 jumped significantly to 25.1%, far higher than the previous value of 8.4%. Although real economic growth slowed to 1.5% due to the drag from net exports and inventories, the surge in energy prices triggered by Middle East geopolitics has led to explosive growth in the "nominal valuation" of exports of oil and related commodities.