In May 2025, the trade surplus in China amounted to approximately ***** billion U.S. dollars. A positive value implies a trade surplus, a negative trade balance implies a trade deficit. International trade in China China surpassed the United States as the worlds’ largest goods trading economy in 2013. Despite the impacts of the global coronavirus pandemic, the total value of China’s imports and exports amounted to more than *** trillion U.S. dollars in 2024.China has become a vital trade partner for many economies. In 2024, over *** billion U.S. dollars worth of the United States’ imports originated in China, making China its second-largest import partner. A trade surplus occurs when exports of a country exceed its imports. It leads to a net inflow of domestic currency from foreign countries. The trade balance is a major growth factor for an economy. Because of running a large trade surplus, China holds a vast amount of foreign exchange reserves. Foreign exchange reserves may be viewed as a sign of national strength, but also represent a form of forced savings on the people. China was the country with the highest trade surplus of approximately ****** billion U.S. dollars as of 2023.

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 United States recorded a trade deficit of 71.52 USD Billion in May 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.

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 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.

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 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.

Argentina recorded a trade surplus of 906 USD Million in June of 2025. This dataset provides the latest reported value for - Argentina Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Taiwan recorded a trade surplus of 12068.20 USD Million in June of 2025. This dataset provides - Taiwan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

In 2024, India's trade deficit of goods amounted to around *** billion U.S. dollars. Balance of trade The trade balance, also called commercial balance or balance of trade, is the difference between the value of a country’s exports and its imports over a certain timespan. If a country exports more goods or services than in imports, the trade balance is positive – a so-called trade surplus. If a country imports more than it exports, the trade balance is in the red – a trade deficit. Among other factors, trade is affected by production, currency exchange rates, and taxes, and of course by the availability of raw materials and prices of goods. India’s trade is in the red The reason for India’s persistent trade deficit is simple: The country imports far more than it exports. India is a very fast-growing economy with the majority of its GDP generated by services, while most of its workforce is employed in agriculture. India’s main imports include chemicals, crude oil, and machinery, while India exports textiles, software, petroleum products, and leather goods. One reason for the increasing trade deficit is the price of crude oil and its rapid economic growth, which means that export trade now needs to catch up to the demand.

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

Goods Trade Balance in the United States increased to -85988 USD Million in June from -96423 USD Million in May of 2025. This dataset provides - United States Goods Trade Balance- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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

• 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)

This data package includes the underlying data and files to replicate the calculations, charts, and tables presented in Taming the US trade deficit: A dollar policy for balanced growth, PIIE Policy Brief 20-15.

If you use the data, please cite as: Gagnon, Joseph E. (2020). Taming the US trade deficit: A dollar policy for balanced growth. PIIE Policy Brief 20-15. Peterson Institute for International Economics.

Key information about Italy Total Exports

• Italy Total Exports expanded 2.9 % YoY in Dec 2024, compared with a decrease of 2.6 % YoY in the previous month
• Italy Total Exports Growth data is updated monthly, available from Jan 1992 to Dec 2024, with an averaged rate of 5.5 %
• The data reached an all-time high of 98.2 % in Apr 2021 and a record low of -42.8 % in Apr 2020

• In the latest reports, Italy Total Exports recorded 51.7 USD bn in Dec 2024
• Total Imports recorded 45.4 USD bn in Dec 2024, which registered an increase of 1.7 % year on year
• Italy Trade Balance recorded a surplus of 5.4 USD bn in Dec 2024

Germany recorded a trade surplus of 18.40 EUR Billion in May of 2025. This dataset provides - Germany Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Brazil recorded a trade surplus of 5890 USD Million in June of 2025. This dataset provides the latest reported value for - Brazil 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 European Union Total Imports Growth

• European Union Total Imports grew 1.8 % YoY in Dec 2024, compared with an increase of 4.3 % YoY in the previous month
• European Union Total Imports Growth data is updated monthly, available from Jan 2003 to Dec 2024, with an averaged rate of 4.1 %
• The data reached an all-time high of 53.9 % in Aug 2022 and a record low of -29.8 % in Jul 2009

• In the latest reports, European Union Total Imports recorded 214.6 USD bn in Dec 2024
• Total Exports reached 228.1 USD bn in Dec 2024, which registered an increase of 2.8 % year on year
• European Union Trade Balance recorded a surplus of 13.5 USD bn in Dec 2024

A healthy economy is one where both exports and imports are experiencing growth. This typically indicates economic strength and a sustainable trade surplus or deficit. If exports are growing, but imports have declined significantly, it may indicate that foreign economies are in better shape than the domestic economy. Conversely, if exports fall sharply but imports surge, this may indicate that the domestic economy is faring better than overseas markets. This dataset provides a comparative analysis of Bangladesh's export and import since 1962 and also provides the overall percentage of GDP.