The United States recorded a trade deficit of 78.31 USD Billion in July 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.

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

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 Jul 2025 about BOP, balance, headline figure, trade, goods, services, and USA.

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.

The average for 2023 based on 148 countries was 4.81 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.

Key information about US's Trade Balance

• US's Trade Balance recorded a deficit of 155.6 USD bn in Jan 2025, compared with a deficit of 122.1 USD bn in the previous month
• US's Trade Balance data is updated monthly, available from Jan 1986 to Jan 2025, with an averaged value of -51.2 USD bn
• The data reached an all-time high of -3.7 USD bn in Feb 1992 and a record low of -155.6 USD bn in Jan 2025

• In the latest reports, US's Total Exports reached 171.6 USD bn in Jan 2025, a decrease of 26.1% YoY (year-on-year)
• Total Imports recorded 327.1 USD bn in Jan 2025, an increase of 26.1% YoY (year-on-year)

Colombia Trade Balance: Country: United States data was reported at -1.190 USD bn in 2024. This records an increase from the previous number of -2.109 USD bn for 2023. Colombia Trade Balance: Country: United States data is updated yearly, averaging 496.264 USD mn from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of 8.991 USD bn in 2011 and a record low of -4.774 USD bn in 2015. Colombia Trade Balance: Country: United States 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.

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.

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.

In 2024, 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 Netherlands, 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 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.

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.

United States Trade Balance: India: sa data was reported at -1.908 USD bn in May 2018. This records an increase from the previous number of -2.040 USD bn for Apr 2018. United States Trade Balance: India: sa data is updated monthly, averaging -1.743 USD bn from Jan 2009 (Median) to May 2018, with 113 observations. The data reached an all-time high of -22.000 USD mn in Aug 2009 and a record low of -2.656 USD bn in Apr 2014. United States Trade Balance: India: sa data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA010: Trade Statistics: Census Basis: By Country: Trade Balance.

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

United States Trade Balance: BoP: sa: Goods Non Petroleum data was reported at -60.143 USD bn in May 2018. This records an increase from the previous number of -62.520 USD bn for Apr 2018. United States Trade Balance: BoP: sa: Goods Non Petroleum data is updated monthly, averaging -32.948 USD bn from Jan 1992 (Median) to May 2018, with 317 observations. The data reached an all-time high of -863.900 USD mn in Feb 1992 and a record low of -69.268 USD bn in Feb 2018. United States Trade Balance: BoP: sa: Goods Non Petroleum data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA002: Trade Statistics: BoP Basis: Seasonally Adjusted.

The average for 2024 based on 134 countries was -3.07 percent. The highest value was in Macao: 44.38 percent and the lowest value was in Kiribati: -88.61 percent. The indicator is available from 1960 to 2024. 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.

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.