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.

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

This statistic shows the United States goods trade deficit with China from 2014 to 2024. In 2024, the value of U.S. imports from China exceeded the exports to China by around ***** billion U.S. dollars.

View monthly updates and historical trends for US Trade Deficit. from United States. Source: Bureau of Economic Analysis. Track economic data with YCharts…

Key information about Egypt's Trade Balance

• Egypt's Trade Balance recorded a deficit of 4.2 USD bn in Dec 2024, compared with a deficit of 3.7 USD bn in the previous month
• Egypt's Trade Balance data is updated monthly, available from Jan 1957 to Dec 2024, with an averaged value of -573.1 USD mn
• The data reached an all-time high of 180.9 USD mn in Sep 1980 and a record low of -5.2 USD bn in Jul 2018

CEIC extends history for monthly Trade Balance. Central Agency for Public Mobilization and Statistics provides Trade Balance in USD. Trade Balance prior to July 1994 is sourced from the International Monetary Fund.

Further information about Egypt's Trade Balance

• In the latest reports, Egypt's Total Exports reached 4.0 USD bn in Dec 2024, an increase of 11.3% YoY (year-on-year)
• Total Imports recorded 8.1 USD bn in Dec 2024, an increase of 11.3% YoY (year-on-year)

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.

The United Kingdom recorded a trade deficit of 5260 GBP Million in July of 2025. This dataset provides - United Kingdom Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China recorded a trade surplus of 102.33 USD Billion in August of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Turkey recorded a negative balance in the exchange of goods and services with foreign countries each year between 2013 and 2024. In 2024, the foreign trade balance amounted to ****** billion U.S. dollars. The highest negative recorded value throughout the shown period was in 2022, totaling over ****** billion U.S. dollars.

Goods Trade Balance in the United States increased to -85541 USD Million in August from -102840 USD Million in July of 2025. This dataset provides - United States Goods Trade Balance- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Turkey recorded a trade deficit of 6900 USD Million in September of 2025. This dataset provides the latest reported value for - Turkey Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The USA: Trade balance as percent of GDP: The latest value from 2024 is -3.09 percent, a decline from -2.88 percent in 2023. In comparison, the world average is -3.07 percent, based on data from 134 countries. Historically, the average for the USA from 1960 to 2024 is -1.81 percent. The minimum value, -5.69 percent, was reached in 2006 while the maximum of 1.01 percent was recorded in 1964.

Key information about Colombia's Trade Balance

• Colombia's Trade Balance recorded a deficit of 1.2 USD bn in Dec 2024, compared with a deficit of 1.7 USD bn in the previous month
• Colombia's Trade Balance data is updated monthly, available from Jan 1958 to Dec 2024, with an averaged value of -21.9 USD mn
• The data reached an all-time high of 808.6 USD mn in Dec 2011 and a record low of -2.9 USD bn in Aug 2022

CEIC calculates monthly Trade Balance from monthly Total Exports and monthly Total Imports. National Administrative Department of Statistics provides Total Exports and Total Imports in USD. Trade Balance prior to January 1980 is sourced from the International Monetary Fund.

Further information about Colombia's Trade Balance

• In the latest reports, Colombia's Total Exports reached 4.5 USD bn in Dec 2024, an increase of 7.5% YoY (year-on-year)
• Total Imports recorded 5.7 USD bn in Dec 2024, an increase of 7.5% YoY (year-on-year)

Key information about Syria's Trade Balance

• Syria's Trade Balance recorded a deficit of 2.7 USD bn in Dec 2023, compared with a deficit of 4.4 USD bn in the previous year
• Syria's Trade Balance data is updated yearly, available from Dec 1950 to Dec 2023, with an averaged value of -999.1 USD mn
• The data reached an all-time high of 3.3 USD bn in Dec 1997 and a record low of -21.7 USD bn in Dec 2010

CEIC calculates annual Trade Balance from annual Total Exports and annual Total Imports. The International Monetary Fund provides Total Exports and Total Imports in USD.

Further information about Syria's Trade Balance

• In the latest reports, Syria's Total Exports reached 296.6 USD mn in Nov 2024, a decrease of 13.2% YoY (year-on-year)
• Total Imports recorded 543.4 USD mn in Nov 2024, an increase of 13.2% YoY (year-on-year)

In 2024, the United States reported the highest trade balance deficit with approximately **** trillion U.S. dollars.

The European Union has had a growing trade balance with the United States since the turn of the millennium. While in 1999, the EU recorded a monthly trade balance with the U.S. as low as *** million euros a month, the monthly trade balance in the most recent period recorded was over ** billion euros. Both exports and imports have increased over this period, with a particularly notable uptick following the coronavirus pandemic.

The statistic shows the trade balance of goods (exports minus imports of goods) in Mexico from 2014 to 2024. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2024, the trade deficit of goods in Mexico amounted to about ***** billion U.S. dollars.

Key information about EU's Trade Balance

• EU's Trade Balance recorded a surplus of 13.5 USD bn in Dec 2024, compared with a surplus of 10.8 USD bn in the previous month
• EU's Trade Balance data is updated monthly, available from Jan 2002 to Dec 2024, with an averaged value of 5.2 USD bn
• The data reached an all-time high of 31.0 USD bn in Dec 2020 and a record low of -57.1 USD bn in Aug 2022

CEIC converts monthly Trade Balance into USD. Eurostat provides Trade Balance in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.

Further information about EU's Trade Balance

• In the latest reports, EU's Total Exports reached 228.1 USD bn in Dec 2024, an increase of 1.8% YoY (year-on-year)
• Total Imports recorded 214.6 USD bn in Dec 2024, an increase of 1.8% YoY (year-on-year)

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.

Pakistan recorded a trade deficit of 943067 PKR Million in September of 2025. This dataset provides - Pakistan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.