In 2024, the total value of U.S. trade goods amounted to approximately 5.4 trillion U.S. dollars. This shows the significance and scale of international trade for the economy of the United States. In 2024, the United States imported goods valuing around 3.3 trillion U.S. dollars from international trading partners, in comparison the value of goods exported from the United States to other countries amounted to around 2.1 trillion U.S. dollars.Import and export trade The import of trade goods relate to goods brought into the United States. This typically refers to goods grown, produced, or manufactured in other countries. Imports include goods of domestic origin which have been worked on abroad before reentering the United States. The export of trade goods refer to goods sold internationally which were grown, produced, or manufactured in the United States. It also includes commodities of foreign origin which have been changed in the United States from the form in which they were imported, or which have been enhanced in value or condition by further processing or manufacturing within the United States before again being sold internationally. Leading trade partners of the United States In 2023, Mexico was the largest source of goods imported into the United States, with goods valuing approximately 475.6 billion U.S. dollars. Mexico and Canada were the second and third largest exporters of goods to the United States, respectively. In 2023, Canada was the leading destination of goods exported from the United States, with U.S. trade goods worth over 350 billion U.S. dollars exported to Canada. Mexico and China also feature at the top of the list of importers of U.S. goods.

U.S. exports for 2023 were 3.052 trillion US dollars, a 1.16% increase from 2022.

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<li>U.S. exports for 2022 were <strong>3.017 trillion US dollars</strong>, a <strong>18.08% increase</strong> from 2021.</li>
<li>U.S. exports for 2021 were <strong>2.555 trillion US dollars</strong>, a <strong>18.79% increase</strong> from 2020.</li>
<li>U.S. exports for 2020 were <strong>2.151 trillion US dollars</strong>, a <strong>15.29% decline</strong> from 2019.</li>
</ul>Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.

Exports in the United States increased to 289.37 USD Billion in April from 281.07 USD Billion in March of 2025. This dataset provides the latest reported value for - United States Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States US: Import Price Index data was reported at 97.226 2010=100 in 2017. This records an increase from the previous number of 94.486 2010=100 for 2016. United States US: Import Price Index data is updated yearly, averaging 61.008 2010=100 from Dec 1948 (Median) to 2017, with 70 observations. The data reached an all-time high of 111.213 2010=100 in 2012 and a record low of 10.971 2010=100 in 1949. United States US: Import Price Index data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United States – Table US.IMF.IFS: Export and Import Price Index: Annual.

This statistic shows the total volume of U.S. exports of trade goods and services from 2010 to 2024, by quarter. About 806.3 billion U.S. dollars worth of goods and services were exported from the U.S. in the fourth quarter of 2024.

U.S. imports for 2023 were 3.850 trillion US dollars, a 3.18% decline from 2022.

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<li>U.S. imports for 2022 were <strong>3.976 trillion US dollars</strong>, a <strong>16.42% increase</strong> from 2021.</li>
<li>U.S. imports for 2021 were <strong>3.415 trillion US dollars</strong>, a <strong>22.98% increase</strong> from 2020.</li>
<li>U.S. imports for 2020 were <strong>2.777 trillion US dollars</strong>, a <strong>10.89% decline</strong> from 2019.</li>
</ul>Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.

United States US: Export Price Index data was reported at 99.743 2010=100 in 2017. This records an increase from the previous number of 97.401 2010=100 for 2016. United States US: Export Price Index data is updated yearly, averaging 67.597 2010=100 from Dec 1948 (Median) to 2017, with 70 observations. The data reached an all-time high of 108.440 2010=100 in 2012 and a record low of 15.723 2010=100 in 1950. United States US: Export Price Index data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United States – Table US.IMF.IFS: Export and Import Price Index: Annual.

United States Imports from China was US$462.62 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from China - data, historical chart and statistics - was last updated on June of 2025.

The balance of trade of goods and services of the United States in the third quarter of 2024 amounted to a deficit of around 250.03 billion U.S. dollars. This is an increase from the previous quarter, when the balance of goods and services of the U.S. amounted to a deficit of 236.34 billion U.S. dollars.

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

China Exports to United States was US$501.22 Billion during 2023, according to the United Nations COMTRADE database on international trade. China Exports to United States - data, historical chart and statistics - was last updated on May of 2025.

Graph and download economic data for Net Exports of Goods and Services (NETEXP) from Q1 1947 to Q1 2025 about exports, Net, goods, services, GDP, and USA.

U.S. tariff rates for 2022 was 1.49%, a 0.02% increase from 2021.

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<li>U.S. tariff rates for 2021 was <strong>1.47%</strong>, a <strong>0.05% decline</strong> from 2020.</li>
<li>U.S. tariff rates for 2020 was <strong>1.52%</strong>, a <strong>12.26% decline</strong> from 2019.</li>
<li>U.S. tariff rates for 2019 was <strong>13.78%</strong>, a <strong>12.19% increase</strong> from 2018.</li>
</ul>Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead.

Graph and download economic data for Export Price Index (End Use): All Exports Excluding Food and Fuels (IQEXFDFLS) from Dec 2010 to May 2025 about end use, fuels, exports, food, price index, indexes, price, 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 United States imported about 4.8 million metric tons of aluminum for consumption in 2024. Meanwhile, the apparent consumption of aluminum totaled about 4.3 million metric tons. Canada is one of the largest aluminum exporters to the United States. A large majority of Canada’s primary aluminum is exported to the United States as an important part for the United States’ manufacturing industries. Aluminum consumption Aluminum, also spelled aluminium in British English, is one of the most consumed metals in the world. The demand for aluminum continues to grow as consumers turn to technological solutions for a variety of needs such as more efficient vehicles or sustainable packaging. Aluminum tariffs In 2018, a 10 percent tariff on aluminum imports into the United States was established under the Trade Expansion Act of 1962. In response, China imposed a 25 percent tariff on aluminum scrap imports from the United States. The United States lifted sanctions on one of the largest aluminum manufacturers in Russia, Russal, in 2019. China and Russia are two of the three largest producers of aluminum in the world.

United States Export Price Index: FF: FS: Other Feedgrains data was reported at 160.800 Dec2010=100 in Dec 2022. This records a decrease from the previous number of 181.500 Dec2010=100 for Nov 2022. United States Export Price Index: FF: FS: Other Feedgrains data is updated monthly, averaging 93.150 Dec2010=100 from Dec 2010 (Median) to Dec 2022, with 144 observations. The data reached an all-time high of 192.800 Dec2010=100 in May 2022 and a record low of 72.100 Dec2010=100 in Sep 2016. United States Export Price Index: FF: FS: Other Feedgrains data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.JA113: Export Price Index: by End Use: 2000=100.

In 2024, Chinese exports of trade goods to the United States amounted to about 438.95 billion U.S. dollars; a significant increase from 1985 levels, when imports from China amounted to about 3.86 billion U.S. dollars. U.S. exports to China Compared to U.S. imports from China, the value of U.S. exports to China in 2020 amounted to 427.23billion U.S. dollars. China is the United States’ largest trading partner, while China was the United States third largest goods export market. Some of the leading exports to China in the agricultural sector included soybeans, cotton, and pork products. Texas was the leading state that exported to China in 2020 based on total value of goods exports, at 16.9 billion U.S. dollars. U.S. - China trade war The trade war between the United States and China is an economic conflict between two of the world’s largest national economies. It started in 2018 when U.S. President Donald Trump started putting tariffs and trade barriers on China, with the intent to get China to conform to Trump’s wishes. President Trump claimed that China has unfair trade businesses. As a result of this trade war, it has caused a lot of tension between the U.S. and China. Nearly half of American companies impacted by the U.S.-China trade tariffs said that the trade war increased their cost of manufacturing. The healthcare product industry has suffered the most from the trade war in regards to reduced profits.

The United States exported just nearly 9.2 million metric tons of paper and paperboard in 2023, and imported 6.8 million metric tons. Imports of paper and paperboard had been higher than exports, but in 2010 they dropped below exports. By weight, the most exported paper and paperboard type by the U.S. is case materials.

United States Import Price Index: TT: MVP: Electrical & Electronic Equipments data was reported at 97.200 Dec2005=100 in Jun 2018. This records a decrease from the previous number of 97.600 Dec2005=100 for May 2018. United States Import Price Index: TT: MVP: Electrical & Electronic Equipments data is updated monthly, averaging 103.500 Dec2005=100 from Dec 2005 (Median) to Jun 2018, with 151 observations. The data reached an all-time high of 112.800 Dec2005=100 in Nov 2010 and a record low of 96.600 Dec2005=100 in Apr 2017. United States Import Price Index: TT: MVP: Electrical & Electronic Equipments data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.I028: Import and Export Price Index: Dec 2005=100: By NAICS.