This statistic shows the 20 countries with the highest trade balance deficit worldwide in 2023. In 2023, the United States reported the highest trade balance deficit with approximately 1.15 trillion U.S. dollars.

This statistic shows the 20 countries with the highest trade surplus worldwide in 2023. In 2023, China was the country with the highest trade surplus with approximately 822.69 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.

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.

The United States recorded a trade deficit of 61.62 USD Billion in April of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The U.S. goods trade deficit with China increased by nearly 20 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 date 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 60 percent and 25 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.

The average for 2023 based on 137 countries was -3.03 percent. The highest value was in Macao: 43.36 percent and the lowest value was in Kiribati: -85.09 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

In 2024, China's merchandise trade surplus amounted to around 992.2 billion U.S. dollars, significantly higher than in the previous year. The merchandise trade balance is the value of exported goods minus the value of imported goods. A positive value indicates a trade surplus, while a negative value indicates a trade deficit. Trade balance and partnersIn 2024, Chinese imports of goods amounted to approximately 2.59 trillion U.S. dollars, whereas total exports added up to about 3.58 trillion U.S. dollars. In contrast, China’s invisible trade balance, an indicator measuring services and government transfers between countries, closed with a deficit and ranged at about -92 billion U.S. dollars at the end of 2022. Being an economy heavily reliant on export, China ranked first among countries with the highest trade surplus, followed by Germany and Russia. The United States, with imports exceeding exports by approximately 1.15 trillion U.S. dollars that year, ranked first among leading import countries worldwide. In 2023, the value of the U.S. imports from China exceeded the exports to China by around 279.4 billion U.S. dollars. Another important trade partner for China is the European Union. In 2023, the EU imported around 514 billion euro-worth of goods from China, leading to a trade deficit of around 291 billion euros. Product categories with the highest trade deficit were mostly finished goods such as machinery and transport equipment, clothing, and other manufactures, whereas product categories with a more balanced trade sheet consisted of raw materials and agricultural products to a large extent.

U.S. trade balance for 2023 was -797.34 billion US dollars, a 16.85% decline from 2022.

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

<li>U.S. trade balance for 2022 was <strong>-958.94 billion US dollars</strong>, a <strong>11.5% increase</strong> from 2021.</li>
<li>U.S. trade balance for 2021 was <strong>-860.03 billion US dollars</strong>, a <strong>37.34% increase</strong> from 2020.</li>
<li>U.S. trade balance for 2020 was <strong>-626.20 billion US dollars</strong>, a <strong>8.47% 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.

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.

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.

India trade balance for 2023 was -73.51 billion US dollars, a 38.5% decline from 2022.

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

<li>India trade balance for 2022 was <strong>-119.53 billion US dollars</strong>, a <strong>43.78% increase</strong> from 2021.</li>
<li>India trade balance for 2021 was <strong>-83.13 billion US dollars</strong>, a <strong>690.53% increase</strong> from 2020.</li>
<li>India trade balance for 2020 was <strong>-10.52 billion US dollars</strong>, a <strong>85.61% 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.

Germany, the Netherlands, and Ireland are the three countries with the greatest goods trade surplus with the rest of the world in 2024. At the other end of the scale, France, Spain, and Greece run large trade deficits vis-a-vis the rest of world.

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.

Italy trade balance for 2023 was 28.06 billion US dollars, a 173.34% decline from 2022.

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

<li>Italy trade balance for 2022 was <strong>-38.26 billion US dollars</strong>, a <strong>186% decline</strong> from 2021.</li>
<li>Italy trade balance for 2021 was <strong>44.48 billion US dollars</strong>, a <strong>33.6% decline</strong> from 2020.</li>
<li>Italy trade balance for 2020 was <strong>67.00 billion US dollars</strong>, a <strong>3.48% 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.

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.

High Frequency Indicator: The dataset contains year- and month-wise historically compiled data from the year 2007 to till date on the India's top 25 trading countries with trading of goods by import and export, along with details of country-wise value, both in indian rupees and u.s. dollars, of imports, exports and trade balance.

India recorded a trade deficit of 21.88 USD Billion in May of 2025. This dataset provides the latest reported value for - India Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Sri Lanka trade balance for 2023 was -1.38 billion US dollars, a 47.73% decline from 2022.

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

<li>Sri Lanka trade balance for 2022 was <strong>-2.64 billion US dollars</strong>, a <strong>59.64% decline</strong> from 2021.</li>
<li>Sri Lanka trade balance for 2021 was <strong>-6.55 billion US dollars</strong>, a <strong>25.76% increase</strong> from 2020.</li>
<li>Sri Lanka trade balance for 2020 was <strong>-5.20 billion US dollars</strong>, a <strong>1.19% 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.

With most European Union (EU) countries, Ukraine had a negative trade balance, or trade deficit. The highest trade deficit was recorded for Germany, at three billion U.S. dollars, in 2023. Ukraine's highest trade surplus was with Romania, as the value of exports to that country exceeded the value of imports from it by around 2.2 billion U.S. dollars.

In April 2025, the trade surplus in China amounted to approximately ***** billion U.S. dollars. A positive value implies a trade surplus, a negative trade balance implies a trade deficit. International trade in China China surpassed the United States as the worlds’ largest goods trading economy in 2013. Despite the impacts of the global coronavirus pandemic, the total value of China’s imports and exports amounted to more than *** trillion U.S. dollars in 2024.China has become a vital trade partner for many economies. In 2024, over *** billion U.S. dollars worth of the United States’ imports originated in China, making China its second-largest import partner. A trade surplus occurs when exports of a country exceed its imports. It leads to a net inflow of domestic currency from foreign countries. The trade balance is a major growth factor for an economy. Because of running a large trade surplus, China holds a vast amount of foreign exchange reserves. Foreign exchange reserves may be viewed as a sign of national strength, but also represent a form of forced savings on the people. China was the country with the highest trade surplus of approximately ****** billion U.S. dollars as of 2023.