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

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.

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 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.

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.

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.

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.

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.

Colombia Trade Balance: Country: China data was reported at -12.391 USD bn in 2024. This records a decrease from the previous number of -10.369 USD bn for 2023. Colombia Trade Balance: Country: China data is updated yearly, averaging -3.517 USD bn from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of -58.653 USD mn in 1995 and a record low of -13.176 USD bn in 2022. Colombia Trade Balance: Country: China 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 statistic shows the trade balance of goods (exports minus imports of goods) in the MENA countries in North Africa and Asia in 2024. A positive value means a trade surplus, and a negative trade balance means a trade deficit. Saudi Arabia had the largest trade surplus. In 2024, the trade surplus of goods in the country amounted to about ***** billion U.S. dollars. On the other hand, Egypt has the largest trade deficit.

Historical chart and dataset showing South Korea trade balance by year from 1960 to 2023.

The average for 2023 based on 38 countries was 17.57 billion U.S. dollars. The highest value was in China: 386.06 billion U.S. dollars and the lowest value was in India: -86.33 billion U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

The European Union's balance of trade in goods is driven by a few of its largest economies. Germany, the EU's pre-eminent economic power, has run a large trade surplus with countries outside the EU over the past two decades, with this surplus more than doubling after the global financial crisis and great recession. Italy also emerged as a large net exporter over the 2010s, along with Ireland, Sweden and France. On the other hand, the Netherlands has by far run the largest trade deficit with non-EU countries among the bloc. Other notable net goods importers among the EU member states include Spain and Poland.

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.

China recorded a trade surplus of 114.77 USD Billion in June of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

International merchandise trade data grouped by Principal Trading Partners (PTP). Users have the option of selecting Imports, Exports, or Trade Balance. Data are unadjusted and seasonally adjusted, and are on a Customs and Balance of Payments basis.

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 Kingdom recorded a trade deficit of 5699 GBP Million in May of 2025. This dataset provides - United Kingdom Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

IN: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data was reported at 0.040 USD mn in Dec 2017. This records an increase from the previous number of -0.090 USD mn for Sep 2017. IN: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data is updated quarterly, averaging 0.018 USD mn from Dec 1972 (Median) to Dec 2017, with 113 observations. The data reached an all-time high of 1.677 USD mn in Sep 2011 and a record low of -17.330 USD mn in Dec 2006. IN: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: American Samoa data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s India – Table IN.IMF.DOT: Trade Balance: by Country: Quarterly.