The United States recorded a trade deficit of 59.55 USD Billion in August 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.

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 data 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.

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

Graph and download economic data for Trade Balance: Goods and Services, Balance of Payments Basis (BOPGSTB) from Jan 1992 to Aug 2025 about BOP, balance, headline figure, trade, goods, services, and USA.

Key information about US's Trade Balance

• US's Trade Balance recorded a deficit of 84.3 USD bn in Aug 2025, compared with a deficit of 102.7 USD bn in the previous month
• US's Trade Balance data is updated monthly, available from Jan 1986 to Aug 2025, with an averaged value of -72.4 USD bn
• The data reached an all-time high of -3.7 USD bn in Feb 1992 and a record low of -162.0 USD bn in Mar 2025

• In the latest reports, US's Total Exports reached 178.2 USD bn in Aug 2025, an increase of 3.8% YoY (year-on-year)
• Total Imports recorded 262.5 USD bn in Aug 2025, a decrease of 3.8% YoY (year-on-year)

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.

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.

United States Trade Balance: sa: Other Countries data was reported at -16.182 USD bn in Dec 2024. This records an increase from the previous number of -16.778 USD bn for Sep 2024. United States Trade Balance: sa: Other Countries data is updated quarterly, averaging -22.003 USD bn from Mar 1999 (Median) to Dec 2024, with 104 observations. The data reached an all-time high of 10.356 USD bn in Sep 2015 and a record low of -63.151 USD bn in Sep 2006. United States Trade Balance: sa: Other Countries data remains active status in CEIC and is reported by U.S. Census Bureau. The data is categorized under Global Database’s United States – Table US.JA004: Trade Balance: BoP Basis: by Country.

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: Peru data was reported at 49.000 USD mn in Sep 2018. This records a decrease from the previous number of 141.000 USD mn for Aug 2018. United States Trade Balance: Peru data is updated monthly, averaging 10.900 USD mn from Jan 1985 (Median) to Sep 2018, with 405 observations. The data reached an all-time high of 464.400 USD mn in Aug 2014 and a record low of -368.300 USD mn in Nov 2005. United States Trade Balance: Peru 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.

US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Lao People Democratic Republic data was reported at -26.980 USD mn in Mar 2018. This records a decrease from the previous number of -18.421 USD mn for Dec 2017. US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Lao People Democratic Republic data is updated quarterly, averaging -0.100 USD mn from Sep 1961 (Median) to Mar 2018, with 220 observations. The data reached an all-time high of 8.000 USD mn in Sep 1974 and a record low of -26.980 USD mn in Mar 2018. US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Lao People Democratic Republic data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Quarterly.

United States US: Trade Balance: Advanced Economies: Singapore data was reported at 10.356 USD bn in 2017. This records an increase from the previous number of 9.068 USD bn for 2016. United States US: Trade Balance: Advanced Economies: Singapore data is updated yearly, averaging 162.500 USD mn from Dec 1958 (Median) to 2017, with 58 observations. The data reached an all-time high of 13.811 USD bn in 2014 and a record low of -3.963 USD bn in 1996. United States US: Trade Balance: Advanced Economies: Singapore data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Annual.

US: Trade Balance: Advanced Economies: San Marino data was reported at -2.648 USD mn in Mar 2018. This records a decrease from the previous number of -1.213 USD mn for Dec 2017. US: Trade Balance: Advanced Economies: San Marino data is updated quarterly, averaging -0.355 USD mn from Dec 2016 (Median) to Mar 2018, with 6 observations. The data reached an all-time high of 0.725 USD mn in Dec 2016 and a record low of -2.648 USD mn in Mar 2018. US: Trade Balance: Advanced Economies: San Marino data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Quarterly.

United States US: Trade Balance: Other Countries Not Elsewhere Classified: North Korea data was reported at 0.003 USD mn in Mar 2017. This records a decrease from the previous number of 0.071 USD mn for Dec 2016. United States US: Trade Balance: Other Countries Not Elsewhere Classified: North Korea data is updated quarterly, averaging 1.063 USD mn from Sep 1975 (Median) to Mar 2017, with 76 observations. The data reached an all-time high of 17.800 USD mn in Sep 2008 and a record low of -0.489 USD mn in Jun 1989. United States US: Trade Balance: Other Countries Not Elsewhere Classified: North Korea data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Quarterly.

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

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.

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.

Overview with Chart & Report: Goods Trade Balance reflects the difference between imported and exported goods in the given month, in monetary terms. If a country imports more goods than it exports, a trade deficit is formed

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.

United States US: Trade Balance: Advanced Economies: Canada data was reported at -17.859 USD bn in 2017. This records a decrease from the previous number of -12.106 USD bn for 2016. United States US: Trade Balance: Advanced Economies: Canada data is updated yearly, averaging -9.705 USD bn from Dec 1948 (Median) to 2017, with 70 observations. The data reached an all-time high of 974.000 USD mn in 1956 and a record low of -80.523 USD bn in 2005. United States US: Trade Balance: Advanced Economies: Canada data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s USA – Table US.IMF.DOT: Trade Balance: by Country: Annual.