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.

The United States recorded a trade deficit of 71.52 USD Billion in May 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 ** 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 ** 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.

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.

European Union recorded a trade surplus of 13128.90 EUR Million in May of 2025. This dataset provides the latest reported value for - European Union Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The balance of trade of EU member states for intra-EU trade shows us which states are the exporters and which states are the importers throughout the union. Over the period since 2002, France has consistently been the country which runs the largest trade deficit (when imports are greater than exports) with the rest of the EU, while the Netherlands has consistently run the largest trade surplus (exports greater than imports). The two most significant shifts that have occurred over this period has been the transformation of Germany from an exporter to an importer (although this only applies within the EU) and the rise of Belgium, Poland, and Czechia as export powers.

In 2021, Ukraine had a merchandise trade deficit with European Union (EU) countries. Imports of goods from the EU exceeded exports to the EU by nearly *** billion U.S. dollars in that year. As for trade in services, Ukraine reported a surplus of approximately **** billion U.S. dollars.

The United States is the European Union's biggest trading partner as of 2023, with the total value of trade between the EU and the North American country exceeding ****billion dollars. China was the EU's second-largest trading partner, however, in contrast to the substantial trade surplus that the EU has with the United States, the EU has a large trade deficit with China. In 2022, the EU imported *** billion euros worth of goods from China than it exported to the East Asian country. Other prominent trade partners included the UK, Switzerland, and Turkey.

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.

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.

In 2023, Turkey exported 29.5 billion U.S. dollars' worth of vehicles and vehicle parts (excluding railway or tramway rolling-stock), making this the main commodity the country exported worldwide in that year. Among commodities with the highest value were also boilers, machineries and mechanical appliances, the export of which generated approximately 22.4 billion U.S. dollars.

EU exports

In 2023, Germany was the main export partner of Turkey, reaching an export value of about 21 billion U.S. dollars that year. Among the leading countries importing from Turkey, there were some of the biggest countries in the European Union, such as Italy, Spain, and France. When it comes to the goods exported from Turkey to the whole European Union, motor cars and motor vehicles took the lead, with an export value of over six billion euros in 2022.

How do exports affect the Turkish economy?

Between 2013 and 2022, the import value of goods and services to Turkey exceeded the export value, as the country recorded negative values in terms of foreign trade balance each year. In 2022, the foreign balance amounted to minus 109.5 billion U.S. dollars, which was the highest trade deficit of the country over this period. The share of exports in the country’s gross domestic product mainly grew from 2015 to 2022 and reached over 28 percent as of 2022. In comparison, the ratio of exports to GDP in Turkey corresponded to 17.4 percent in 2015.

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.

The United Kingdom imports more services and goods from the European Union than exporting them. Although this has been the case since at least 1999, after 2011 the UK-EU trade balance has been more pronounced as the present statistic lays out. When it comes to the UK’s trade with non-EU countries, the picture is decidedly different. Since 2012, the value of UK exports to non-EU countries was higher than the imports, which resulted in a trade surplus. US biggest export market, but EU weighs heavier As of 2023, the UK’s largest export market was outside the European Union. Yet taken as a bloc, the European Union still accounts for a large chunk of the UK’s international trade. Among these, Germany, the Netherlands, and France rank as the main export partners of the UK. UK-EU trade: most important commodities Machinery and transport equipment were the biggest trade commodity exported by the UK to the EU countries in 2020. The value of such exports were roughly **** billion British pounds. In the same year, the UK imported more machinery and transport equipment from the EU than exported them. In total, the UK imported approximately **** billion British pounds worth of such equipment.

The statistic shows the trade balance of goods (exports minus imports of goods) in the DACH countries in Europe from 2013 to 2023. The DACH region includes Germany, Austria, and Switzerland. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2023, the trade deficit of goods in Austria amounted to about **** billion U.S. dollars.

The statistic shows the trade balance of goods (exports minus imports of goods) in the United Kingdom from 2013 to 2023. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2023, the trade deficit of goods in the United Kingdom amounted to about ****** billion U.S. dollars. On the effects of Brexit on the UK's economy The United Kingdom has maintained a trade deficit over the last ten years, but now that the country has chosen to leave the European Union, current trade agreements will need to be renegotiated and trade relationships and the trade balance will change. As of 2015, one of the UK’s most important import and export partners was Germany, but it also trades heavily with many other countries within the European Union; more than half of total value of the UK trade in goods is associated with European Union countries. Trade agreements which have been negotiated by the European Union extend beyond member countries, and the United Kingdom will now have to renegotiate its own trade deals with a far larger number of countries by itself. It remains to be seen as to how the UK will manage these negotiations. Another big question is how the UK banking sector will be able to access the European market. Services contributed close to ** percent of UK GDP, which includes banking services. While it is too soon predict how Brexit will impact the United Kingdom entirely, estimates of the decision’s long term effects estimate negative GDP growth of around **** percent in an optimistic scenario, with the pessimistic scenario estimating negative growth of around *** percent.

The statistic shows Austria's trade balance of goods from 2013 to 2023. Trade balance is the value of exported goods minus the value of imported goods. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. In 2023, Austria's trade deficit amounted to around 1.17 billion U.S. dollars.

In the first quarter of 2025, the value of exports from the United Kingdom amounted to approximately 227 billion British pounds, while imports to the country amounted to around 238 billion pounds, resulting in a trade deficit of around 10.6 billion pounds in this quarter. During this time period, the value of UK exports was highest in the fourth quarter of 2022, with the value of imports peaking in the third quarter of 2022. The UK's main trade partners Despite the UK leaving the EU in 2020 following the Brexit referendum of 2016, Europe remains the main destination for UK exports, with almost half of UK exports heading there in 2023. During the same year, just over 60 percent of imports came from European countries, compared with around 17.9 percent from countries in Asia, and 11.8 percent from the Americas. In terms of individual countries, the United States was the UK's leading export partner for both goods and services from the UK, while Germany was the main source of UK goods imports, and the U.S. for service imports. It is as yet unclear how the return of Donald Trump to the White House will impact UK/US trade relations, should the President follow through with threats made on the campaign trail to increase trade tariffs. Brexit rethink under Starmer? Although generally more pro-European than the previous government, the new Labour government, led by Keir Starmer, does not plan to rejoin the European Union, or the Single Market. Public opinion, while gradually turning against Brexit recently, has not coalesced around a particular trading relationship. In late 2023, a survey indicated that while 31 percent of British adults wanted to rejoin the EU, a further 30 percent wanted to simply improve relations with the EU, instead of rejoining. Just 11 percent of respondents wanted to join the single market but not the EU, while 10 percent were happy with the relationship as it was. At the start of 2025, after several months in office, the new government has not signalled any major change in direction regarding on this, but has broadly signalled it wants a better relationship with the EU.

The United Kingdom's total Exports in 2024 were valued at US$508.69 Billion, according to the United Nations COMTRADE database on international trade. The United Kingdom's main export partners were: the United States, China and Germany. The top three export commodities were: Machinery, nuclear reactors, boilers; Pearls, precious stones, metals, coins and Vehicles other than railway, tramway. Total Imports were valued at US$809.21 Billion. In 2024, The United Kingdom had a trade deficit of US$300.52 Billion.

In the first quarter of 2025, the United Kingdom had a trade deficit of 10.6 billion British pounds, due to a 59 billion pound deficit in goods trade offset by a 48 billion pound trade surplus in services.

In 2019, Colombia's trade balance with the European Union showed a deficit of **** billion U.S. dollars. In comparison, the country registered a surplus of **** billion U.S. dollars in trade transactions with the Andean Community.