The average for 2023 based on 19 countries was -8.28 billion U.S. dollars. The highest value was in China: 386.06 billion U.S. dollars and the lowest value was in the USA: -784.89 billion U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

This dataset provides values for BALANCE OF TRADE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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.

International merchandise trade data grouped by Principal Trading Partners (PTP). Users have the option of selecting Imports, Exports, or Trade Balance. Data are unadjusted and seasonally adjusted, and are on a Customs and Balance of Payments basis.

Graph and download economic data for Trade Balance: Goods and Services, Balance of Payments Basis (BOPGSTB) from Jan 1992 to May 2025 about BOP, balance, headline figure, trade, goods, services, and USA.

In 2023, the United States reported the highest trade balance deficit with approximately **** trillion U.S. dollars.

China recorded a trade surplus of 103.22 USD Billion in May of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This dataset provides values for BALANCE OF TRADE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

China trade balance for 2023 was 386.04 billion US dollars, a 33.19% decline from 2022.

<ul style='margin-top:20px;'>

<li>China trade balance for 2022 was <strong>577.85 billion US dollars</strong>, a <strong>25.39% increase</strong> from 2021.</li>
<li>China trade balance for 2021 was <strong>460.83 billion US dollars</strong>, a <strong>29.76% increase</strong> from 2020.</li>
<li>China trade balance for 2020 was <strong>355.15 billion US dollars</strong>, a <strong>167.45% increase</strong> from 2019.</li>
</ul>External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Key information about Indonesia's Trade Balance

• Indonesia's Trade Balance recorded a surplus of 3.5 USD bn in Jan 2025, compared with a surplus of 2.2 USD bn in the previous month
• Indonesia's Trade Balance data is updated monthly, available from Jan 1967 to Jan 2025, with an averaged value of 601.4 USD mn
• The data reached an all-time high of 7.6 USD bn in Apr 2022 and a record low of -2.3 USD bn in Apr 2019

• In the latest reports, Indonesia's Total Exports reached 23.8 USD bn in Dec 2022, an increase of 2.7% YoY (year-on-year)
• Total Imports recorded 19.9 USD bn in Dec 2022, a decrease of 2.7% YoY (year-on-year)

The statistic shows the trade balance of goods (exports minus imports of goods) in the MENA countries in North Africa and Asia in 2024. A positive value means a trade surplus, and a negative trade balance means a trade deficit. Saudi Arabia had the largest trade surplus. In 2024, the trade surplus of goods in the country amounted to about ***** billion U.S. dollars. On the other hand, Egypt has the largest trade deficit.

In 2023, China was the country with the highest trade surplus, with approximately ****** billion U.S. dollars. The leading trade nations Typically a trade surplus indicates a sign of economic success and a trade deficit indicates an economic weakness. However, if that were true, then the top four, China, Germany, Russia and Ireland, would be considered the best performing countries in the world. However, this would mean that the United States, Great Britain, India and France would be among the weakest nations considering that they are four countries with the highest trade deficit. In fact, they are leading industrial nations. While China is known for producing and exporting products at a competitive price, it has undervalued its exchange rate in order to promote exports. However, China is now working to reduce its reliance on exports even though they continue to export large and increasing quantities of goods. In the case of Germany, the value of the euro may not be high enough, however growth concerning the value of exports has slowed over the past few years. In contrast, the value of the dollar in the United States may be too high, favoring imports as opposed to exports.

Colombia Trade Balance: Country: China data was reported at -12.391 USD bn in 2024. This records a decrease from the previous number of -10.369 USD bn for 2023. Colombia Trade Balance: Country: China data is updated yearly, averaging -3.517 USD bn from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of -58.653 USD mn in 1995 and a record low of -13.176 USD bn in 2022. Colombia Trade Balance: Country: China data remains active status in CEIC and is reported by National Administrative Department of Statistics. The data is categorized under Global Database’s Colombia – Table CO.JA002: Trade Balance: Annual.

Russia recorded a trade surplus of 8720 USD Million in May of 2025. This dataset provides - Russia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada trade balance for 2023 was -9.72 billion US dollars, a 442.91% decline from 2022.

<ul style='margin-top:20px;'>

<li>Canada trade balance for 2022 was <strong>2.84 billion US dollars</strong>, a <strong>1553.86% increase</strong> from 2021.</li>
<li>Canada trade balance for 2021 was <strong>171.47 million US dollars</strong>, a <strong>100.47% decline</strong> from 2020.</li>
<li>Canada trade balance for 2020 was <strong>-36.58 billion US dollars</strong>, a <strong>43.1% increase</strong> from 2019.</li>
</ul>External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

The statistic shows the trade balance of goods (exports minus imports of goods) in the Arab world (Arab League) countries in North Africa and Asia in 2023. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2023, the trade surplus of goods in Algeria amounted to about ***** billion U.S. dollars.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for Mexico (XTNTVA01MXA667S) from 1980 to 2024 about Mexico, trade, Net, and goods.

Japan trade balance for 2023 was -64.81 billion US dollars, a 59.5% decline from 2022.

<ul style='margin-top:20px;'>

<li>Japan trade balance for 2022 was <strong>-160.05 billion US dollars</strong>, a <strong>510.73% increase</strong> from 2021.</li>
<li>Japan trade balance for 2021 was <strong>-26.21 billion US dollars</strong>, a <strong>92.87% increase</strong> from 2020.</li>
<li>Japan trade balance for 2020 was <strong>-13.59 billion US dollars</strong>, a <strong>8.25% decline</strong> from 2019.</li>
</ul>External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Hungary recorded a trade surplus of 739.27 EUR Million in May of 2025. This dataset provides - Hungary Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for United States (XTNTVA01USM667S) from Jan 1955 to Apr 2025 about trade, Net, goods, and USA.