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.

Graph and download economic data for Shares of gross domestic product: Net exports of goods and services (A019RE1A156NBEA) from 1929 to 2024 about Shares of GDP, exports, Net, goods, services, GDP, and USA.

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

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.

The United States recorded a Current Account deficit of 3.90 percent of the country's Gross Domestic Product in 2024. This dataset provides - United States Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The average for 2023 based on 5 countries was 0.34 percent. The highest value was in Germany: 4.16 percent and the lowest value was in France: -2.22 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

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.

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.

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.

Key information about United States Current Account Balance: % of GDP

• United States Current Account deficit accounted for 4.2 % of the country's Nominal GDP in Sep 2024, compared with a 3.8 % deficit in the previous quarter.
• US Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1960 to Sep 2024, with an average value of -1.8 %.
• The data reached an all-time high of 1.2 % in Jun 1975 and a record low of -6.3 % in Sep 2006.

• In the latest reports of US, Current Account recorded a deficit of 310.9 USD bn in Sep 2024.
• Foreign Direct Investment (FDI) increased by 96.6 USD bn in Sep 2024.
• US Direct Investment Abroad expanded by 96.8 USD bn in Sep 2024.
• Its Foreign Portfolio Investment increased by 637.6 USD bn in Sep 2024.
• The country's Nominal GDP was reported at 6,632.4 USD bn in Mar 2023.

The average for 2023 based on 18 countries was -4.91 percent. The highest value was in Puerto Rico: 6.12 percent and the lowest value was in Honduras: -23.93 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

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.

Graph and download economic data for Net Exports of Goods and Services (NETEXP) from Q1 1947 to Q2 2025 about exports, Net, goods, services, GDP, and USA.

The average for 2023 based on 26 countries was 2.13 percent. The highest value was in Macao: 43.36 percent and the lowest value was in Palestine: -47.27 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

The average for 2023 based on 17 countries was 1.09 percent. The highest value was in Saudi Arabia: 7.37 percent and the lowest value was in Turkey: -2.43 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

Historical chart and dataset showing Germany trade balance by year from 1970 to 2023.

In fiscal year 2024, the trade balance to gross domestic product ratio in India declined to *** percent. This was almost the same as compared to the previous fiscal year.

BOP Forecast: Trade Balance: % of GDP data was reported at 0.900 % in 2020. This records a decrease from the previous number of 1.000 % for 2019. BOP Forecast: Trade Balance: % of GDP data is updated yearly, averaging 0.950 % from Dec 2017 (Median) to 2020, with 4 observations. The data reached an all-time high of 1.800 % in 2017 and a record low of 0.900 % in 2020. BOP Forecast: Trade Balance: % of GDP data remains active status in CEIC and is reported by Bank of Portugal. The data is categorized under Global Database’s Portugal – Table PT.JA011: Trade Balance: Percentage of GDP: Forecast: Bank of Portugal.

The average for 2023 based on 38 countries was -7.59 percent. The highest value was in Gabon: 39.25 percent and the lowest value was in Somalia: -58.79 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

ISTAT Forecast: YoY: CL: Trade Balance: % of GDP data was reported at 3.200 % in 2018. This records an increase from the previous number of 3.100 % for 2017. ISTAT Forecast: YoY: CL: Trade Balance: % of GDP data is updated yearly, averaging 3.000 % from Dec 2013 (Median) to 2018, with 6 observations. The data reached an all-time high of 3.300 % in 2016 and a record low of -0.300 % in 2013. ISTAT Forecast: YoY: CL: Trade Balance: % of GDP data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Italy – Table IT.JA002: Trade Statistics: Percentage of Gross Domestic Product: Year on Year Growth: Forecast: National Institute of Statistics.