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, Balance of Payments Basis (BOPGTB) from Jan 1992 to Jul 2025 about BOP, balance, trade, goods, 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…

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.

Goods Trade Balance in the United States decreased to -103566 USD Million in July from -84854 USD Million in June of 2025. This dataset provides - United States Goods Trade Balance- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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)

Canada recorded a trade deficit of 4940 CAD Million in July of 2025. This dataset provides the latest reported value for - Canada Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Brazil's Trade Balance

• Brazil's Trade Balance recorded a deficit of 323.7 USD mn in Feb 2025, compared with a surplus of 2.3 USD bn in the previous month
• Brazil's Trade Balance data is updated monthly, available from Jan 1959 to Feb 2025, with an averaged value of 195.6 USD mn
• The data reached an all-time high of 11.0 USD bn in May 2023 and a record low of -4.5 USD bn in Jan 2014

Special Secretariat for Foreign Trade and International Affairs provides monthly Trade Balance in USD.

Further information about Brazil's Trade Balance

• In the latest reports, Brazil's Total Exports reached 22.9 USD bn in Feb 2025, a decrease of 27.6% YoY (year-on-year)
• Total Imports recorded 23.3 USD bn in Feb 2025, an increase of 27.6% YoY (year-on-year)

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

Hong Kong recorded a trade deficit of 34120 HKD Million in July of 2025. This dataset provides the latest reported value for - Hong Kong Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Germany recorded a trade surplus of 14.70 EUR Billion in July of 2025. This dataset provides - Germany Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Turkey recorded a trade deficit of 4168 USD Million in August 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.

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.

Key information about Japan's Trade Balance

• Japan's Trade Balance recorded a deficit of 5.5 USD bn in Jan 2025, compared with a deficit of 1.4 USD bn in the previous month
• Japan's Trade Balance data is updated monthly, available from Apr 1995 to Jan 2025, with an averaged value of 4.0 USD bn
• The data reached an all-time high of 11.3 USD bn in Feb 2004 and a record low of -20.0 USD bn in Feb 2014

CEIC converts monthly Trade Balance into USD. The Ministry of Finance provides Trade Balance in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Further information about Japan's Trade Balance

• In the latest reports, Japan's Total Exports reached 59.1 USD bn in Jan 2025, an increase of 15.9% YoY (year-on-year)
• Total Imports recorded 64.6 USD bn in Jan 2025, an increase of 15.9% YoY (year-on-year)

Mexico recorded a trade deficit of 17 USD Million in July of 2025. This dataset provides the latest reported value for - Mexico Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Argentina's Trade Balance

• Argentina's Trade Balance recorded a surplus of 725.8 USD mn in Jan 2025, compared with a surplus of 1.0 USD bn in the previous month
• Argentina's Trade Balance data is updated monthly, available from Jan 1991 to Jan 2025, with an averaged value of 406.0 USD mn
• The data reached an all-time high of 2.5 USD bn in Aug 2021 and a record low of -1.3 USD bn in Dec 2017

CEIC calculates monthly Trade Balance from monthly Total Exports and monthly Total Imports. The National Institute of Statistics and Censuses provides Total Exports and Total Imports in USD.

Further information about Argentina's Trade Balance

• In the latest reports, Argentina's Total Exports reached 7.1 USD bn in Dec 2024, a decrease of 19.1% YoY (year-on-year)
• Total Imports recorded 6.0 USD bn in Dec 2024, an increase of 19.1% YoY (year-on-year)

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.