In 2024, the total value of U.S. trade goods amounted to approximately 5.4 trillion U.S. dollars. This shows the significance and scale of international trade for the economy of the United States. In 2024, the United States imported goods valuing around 3.3 trillion U.S. dollars from international trading partners, in comparison the value of goods exported from the United States to other countries amounted to around 2.1 trillion U.S. dollars.Import and export trade The import of trade goods relate to goods brought into the United States. This typically refers to goods grown, produced, or manufactured in other countries. Imports include goods of domestic origin which have been worked on abroad before reentering the United States. The export of trade goods refer to goods sold internationally which were grown, produced, or manufactured in the United States. It also includes commodities of foreign origin which have been changed in the United States from the form in which they were imported, or which have been enhanced in value or condition by further processing or manufacturing within the United States before again being sold internationally. Leading trade partners of the United States In 2023, Mexico was the largest source of goods imported into the United States, with goods valuing approximately 475.6 billion U.S. dollars. Mexico and Canada were the second and third largest exporters of goods to the United States, respectively. In 2023, Canada was the leading destination of goods exported from the United States, with U.S. trade goods worth over 350 billion U.S. dollars exported to Canada. Mexico and China also feature at the top of the list of importers of U.S. goods.

In 2024, the global trade value of goods exported throughout the world amounted to approximately 24.4 trillion U.S. dollars at current prices. In comparison, this figure stood at around 6.45 trillion U.S. dollars in 2000. The rise in the value of goods exported around the world reflects developments in international trade, globalization, and advances in technology. Export trade Global trade refers to the exchange of capital, goods and services between different countries and territories. The export of trade goods refers to goods sold internationally which were grown, produced, or manufactured in another country. Who are the leading importers and exporters of trade goods? In 2021, China was the largest source of goods exported around the world, with total merchandise exports valuing approximately 3.37 trillion U.S. dollars. That year, China was responsible for almost 15 percent of all trade goods exported around the world. The United States was the second largest exporters of goods that year. The United States was the leading importer of merchandise in the world as of 2021. That year, the global superpower accounted for 13 percent of the world’s merchandise imports.

United States US: Goods Trade: % of GDP data was reported at 20.403 % in 2017. This records an increase from the previous number of 19.873 % for 2016. United States US: Goods Trade: % of GDP data is updated yearly, averaging 15.276 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 24.156 % in 2011 and a record low of 6.531 % in 1962. United States US: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

In 2023, exports of goods and services from the United States made up about eleven percent of its gross domestic product (GDP). This is an increase from 9.25 percent of GDP of the United States in 1990. U.S. exports The GDP of the United States is the largest in the world, clocking in at more than 20 trillion U.S. dollars in 2022. It is additionally one of the world's largest exporters, second only to China. United States exports surpassed three trillion dollars in 2022, its highest level ever. Balance of trade The balance of trade in the United States has been a longstanding topic of conversation among economists, business interests, and politicians. When a country imports more than it exports, this is known as a trade deficit. While large export industries have been present in the United States for many years, the U.S. trade deficit has been increasing and is the largest volume of any nation.

Mexico MX: Goods Trade: % of GDP data was reported at 73.122 % in 2017. This records an increase from the previous number of 71.579 % for 2016. Mexico MX: Goods Trade: % of GDP data is updated yearly, averaging 29.708 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 73.122 % in 2017 and a record low of 9.763 % in 1972. Mexico MX: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

As of 2024, the United States had a trade deficit of about *** billion U.S. dollars. The U.S. trade deficit has increased since 2009, peaking in 2022. Most recently, 2023 marked the year when the U.S. trade deficit decreased from the previous year. What is trade deficit? A trade deficit is, quite simply, the total value of a country’s imports of goods and services minus the total value of its exports of goods and services. When a country exports more than it imports, it has a trade surplus, and when it imports more than it exports, it has a trade deficit. A trade deficit can mean one of two things: Either the country is failing to produce enough goods for its citizens, or its citizens are wealthy enough to purchase more goods than the country produces (as is the case with the United States). Trading partners The United States’ top export partners are its closest neighbors, Canada and Mexico, due in part to the North American Free Trade Agreement (NAFTA), which, pending ratification, will be replaced by the United States-Mexico-Canada Agreement (USMCA). Regarding imports to the U.S., China takes the top spot, followed by Mexico and Canada.

Dataset Description: The "World Export & Import Dataset (1989 - 2023)" is a comprehensive collection of data related to international trade and trade policies. This dataset is designed to provide insights and analysis for researchers, policymakers, and analysts interested in understanding global trade dynamics. It covers various aspects of trade, including trade values, tariff rates, and trade policy indicators for numerous countries over multiple years.

Data Fields:

1. Partner Name: This feature represents the name of the trading partner or country with which import and export data is being measured. In your Kaggle dataset, you would create a column for "Partner Name" and include the names of countries or trading partners in this column.

2. Year: This feature specifies the specific year for which the import and export data is recorded. In your Kaggle dataset, you would create a column for "Year" and include the respective year for each data entry.

3. Export (US$ Thousand): This feature represents the total value of goods and products exported by the country in thousands of US dollars. In your dataset, you would create a column for "Export (US$ Thousand)" and include the export values in this format.

4. Import (US$ Thousand): Similar to exports, this feature represents the total value of goods and products imported by the country in thousands of US dollars. Create a column for "Import (US$ Thousand)" to include import values in this format.

5. Export Product Share (%): This feature indicates the percentage of the country's total exports that a specific product category represents. You can create a column for "Export Product Share (%)" and include the percentage values.

6. Import Product Share (%): Like export product share, this feature represents the percentage of the country's total imports that a specific product category represents. Create a column for "Import Product Share (%)" to include these percentages.

7. Revealed Comparative Advantage: This feature is likely a qualitative measure of whether a country has a comparative advantage in a particular product category. You can create a column for "Revealed Comparative Advantage" and provide values or rankings to denote this advantage.

8.World Growth (%): This feature indicates the percentage change in the total value of world trade (exports and imports) compared to the previous year. Create a column for "World Growth (%)" and include the growth percentages.

1. Country Growth (%): Similar to world growth, this feature represents the percentage change in the total value of a country's trade (exports and imports) compared to the previous year. Create a column for "Country Growth (%)" to include these percentages.

2. AHS Simple Average (%): This feature likely refers to the simple average tariff rate applied by the country based on the Harmonized System (AHS) classification of products. Create a column for "AHS Simple Average (%)" to include these tariff rates as percentages.

3. AHS Weighted Average (%): This feature represents the weighted average tariff rate applied by the country based on the Harmonized System (AHS) classification of products. Create a column for "AHS Weighted Average (%)" to include these tariff rates as percentages.

4. AHS Total Tariff Lines: This feature indicates the total number of tariff lines or product categories in the Harmonized System. Create a column for "AHS Total Tariff Lines" and include the numerical count.

5. AHS Dutiable Tariff Lines Share (%): This feature shows the percentage of tariff lines for which duties are applied. Create a column for "AHS Dutiable Tariff Lines Share (%)" and include the percentages.

6. AHS Duty Free Tariff Lines Share (%): Similar to the previous feature, this one represents the percentage of tariff lines for which no duties are applied. Create a column for "AHS Duty Free Tariff Lines Share (%)" and include the percentages.

7. AHS Specific Tariff Lines Share (%): This feature indicates the percentage of tariff lines with specific (fixed) duty rates. Create a column for "AHS Specific Tariff Lines Share (%)" and include the percentages.

8. AHS AVE Tariff Lines Share (%): This feature represents the percentage of tariff lines with ad valorem equivalent (AVE) duty rates. Create a column for "AHS AVE Tariff Lines Share (%)" and include the percentages.

9. AHS MaxRate (%): This feature denotes the highest tariff rate applied by the country on any product category in the Harmonized System. Create a column for "AHS MaxRate (%)" and include the maximum tariff rates as percentages.

10. AHS MinRate (%): Similar to the previous feature, this one represents the lowest tariff rate applied by the country on any product category in the Harmonized System. Create a column for "AHS MinRate (%)" and include the minimum tariff rates as percentages.

11. AHS SpecificDuty Imports (...

The United States' total Imports in 2024 were valued at US$3.36 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main import partners were: Mexico, China and Canada. The top three import commodities were: Machinery, nuclear reactors, boilers; Electrical, electronic equipment and Vehicles other than railway, tramway. Total Exports were valued at US$2.06 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.

United States US: Imports: % of Goods Imports: Manufactures data was reported at 78.396 % in 2017. This records a decrease from the previous number of 79.654 % for 2016. United States US: Imports: % of Goods Imports: Manufactures data is updated yearly, averaging 70.167 % from Dec 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 80.629 % in 1998 and a record low of 39.670 % in 1962. United States US: Imports: % of Goods Imports: Manufactures data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Imports. Manufactures comprise the commodities in SITC sections 5 (chemicals), 6 (basic manufactures), 7 (machinery and transport equipment), and 8 (miscellaneous manufactured goods), excluding division 68 (nonferrous metals).; ; World Bank staff estimates through the WITS platform from the Comtrade database maintained by the United Nations Statistics Division.; Weighted average; Merchandise import shares may not sum to 100 percent because of unclassified trade.

The average for 2023 based on 161 countries was 0.62 percent. The highest value was in China: 11.6 percent and the lowest value was in Bhutan: 0 percent. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

United States US: Share of Tariff Lines with Specific Rates: Primary Products data was reported at 2.760 % in 2016. This records a decrease from the previous number of 2.785 % for 2015. United States US: Share of Tariff Lines with Specific Rates: Primary Products data is updated yearly, averaging 2.713 % from Dec 1989 (Median) to 2016, with 27 observations. The data reached an all-time high of 3.650 % in 1993 and a record low of 0.023 % in 1997. United States US: Share of Tariff Lines with Specific Rates: Primary Products data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Trade Tariffs. Share of tariff lines with specific rates is the share of lines in the tariff schedule that are set on a per unit basis or that combine ad valorem and per unit rates. It shows the extent to which countries use tariffs based on physical quantities or other, non-ad valorem measures. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).; ; World Bank staff estimates using the World Integrated Trade Solution system, based on data from United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database.; ;

The U.S. goods trade deficit with China increased by nearly *** billion U.S. dollars in 2024, as China still had the biggest impact on U.S. bilateral trade. This is according to seasonally adjusted trade data from within the United States. Following the results of the U.S. elections in 2024, discussions surfaced on the potential of tariffs for countries that have a large trade surplus with the United States. The president-elect stated that trade tariffs of ** percent and ** percent might be implemented for goods from China or Mexico, respectively. The effects of such measures on the forecast GDP growth across the world were not yet clear. In Europe, however, Germany might be the most affected economy when the U.S. does implement tariffs.

Switzerland Goods Trade: % of GDP data was reported at 83.732 % in 2017. This records a decrease from the previous number of 85.685 % for 2016. Switzerland Goods Trade: % of GDP data is updated yearly, averaging 53.027 % from Dec 1960 (Median) to 2017, with 48 observations. The data reached an all-time high of 98.672 % in 2013 and a record low of 42.476 % in 1967. Switzerland Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Switzerland – Table CH.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

The United States' total Exports in 2024 were valued at US$2.06 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main export partners were: Canada, Mexico and China. The top three export commodities were: Mineral fuels, oils, distillation products; Machinery, nuclear reactors, boilers and Electrical, electronic equipment. Total Imports were valued at US$3.36 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.

United States Imports from China was US$462.62 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from China - data, historical chart and statistics - was last updated on December of 2025.

In 2024, the total value of the U.S. trade in goods with China amounted to around *** billion U.S. dollars composed of a ****** billion U.S. dollars export value and a ****** billion U.S. dollars import value. This represented a negative trade balance of ***** billion U.S. dollars.

China recorded a trade surplus of 90.07 USD Billion in October of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Time series data for the statistic Trade_Balance_United_States_with_the_World. Indicator Definition:Goods, Value of Trade Balance, US DollarsThe indicator "Goods, Value of Trade Balance, US Dollars" stands at -93.50 Billion as of 5/31/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 8.13 percent compared to the value the year prior.The 1 year change in percent is 8.13.The 3 year change in percent is 12.07.The 5 year change in percent is -29.03.The 10 year change in percent is -61.75.The Serie's long term average value is -52.02 Billion. It's latest available value, on 5/31/2025, is 79.73 percent lower, compared to it's long term average value.The Serie's change from it's minimum value, on 1/31/2025, to it's latest available value, on 5/31/2025, is +58.90 Billion.The Serie's change from it's maximum value, on 3/31/1991, to it's latest available value, on 5/31/2025, is -89.92 Billion.

United States US: Exports: % of Total Goods Exports: The Arab World data was reported at 4.407 % in 2016. This records a decrease from the previous number of 4.483 % for 2015. United States US: Exports: % of Total Goods Exports: The Arab World data is updated yearly, averaging 3.449 % from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 8.735 % in 1982 and a record low of 1.907 % in 1970. United States US: Exports: % of Total Goods Exports: The Arab World data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Exports. Merchandise exports to economies in the Arab World are the sum of merchandise exports by the reporting economy to economies in the Arab World. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Weighted average;

Australia Goods Trade: % of GDP data was reported at 38.117 % in 2023. This records a decrease from the previous number of 42.693 % for 2022. Australia Goods Trade: % of GDP data is updated yearly, averaging 29.338 % from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 42.693 % in 2022 and a record low of 22.076 % in 1972. Australia Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Australia – Table AU.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.;World Trade Organization, and World Bank GDP estimates.;Weighted average;