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.

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.

Abstract

The Uganda Bureau of Statistics (UBOS) has been conducting the International Trade in Services Survey since 2010, collecting data on trade transactions in services between residents and non-resident institutional units or persons. The main objective of the survey was to generate quantitative information on the flow of import and export of services. The information collected will be used to improve the compilation of Gross Domestic Product (GDP) and Balance of Payments (BOP) statistics as well as to guide trade in services negotiations and policy at regional and international level.

The survey targeted enterprises that export or import services in the country from five economic sectors of the economy. These included; Information and Communication, Construction, Financial & Insurance activities, Transport & Storage, and Professional, Scientific & Technical activities. A total of 587 enterprises were selected out of a frame of 5,865.

Statistics presented are grossed up for the five economic sectors mentioned above for the years 2010 to 2018. However, Professional, Scientific & Technical activities sector was incorporated in the survey in 2016. From the five sectors, statistics were presented for the eleven categories as recommended by the Manual on Statistics of International Trade in Services (MSITS) and the Extended Balance of Payments Services (EBOPS) classification.

Services Trade Flows Uganda’s total International trade in goods and services amounted to US$12,861.1 million in 2018, of which trade in services accounted for 19.0 percent. The survey findings show that on average trade in services declined by 1.9 percent annually from 2010 to 2018. Similarly, Imports of services declined by 2.7 percent annually whereas exports of services grew by 0.6 percent annually on average.

In 2018, import of services with US$ 1,843.6 million (75.6%) accounted for the biggest percentage of total international services trade, while exports of services amounted to US$ 594.1 million (24.4%). The most imported services were; Financial services (36.6%), Transport services (22.0%), Construction services (16.9%) Other Business services (12.3%), and Telecommunication services (10.0%) whereas the main exports were Transport services (54.4%), Other Business services (26.9%), and Financial services (9.6%).

The survey indicates that there was an annual growth in services exports of 5.8 percent to US$ 594.1 million in 2018 from US$ 561.5 million in 2017. This performance in exports of services was mainly due to the growth in Transport services (13.3%), Other Business services (10.0%), Financial services (2.2%), and Insurance & Pension services (2.3%). On the other hand, Telecommunications, Computer & Information services and Travel services registered an annual decline of 31.4 percent and 10.0 percent respectively in 2018.

Services imports grew slightly by 0.3 percent to US$ 1,843.6 million in 2018 from US$ 1,838.8 million in 2017. This growth was attributed to an increment in Construction services (62.6%), Transport services (56.0%), Financial services (33.9%), Insurance and Pension services (33.7%) and Charges for the Use of Intellectual Property n.i.e (3.3%). On the other hand, Imports of Other Business services, Travel services and Telecommunications, Computer, & Information services registered an annual decline of 63.6 percent, 33.6 percent and 6.5 percent respectively.

Direction of Services Trade Most of Uganda’s services were sold to Common Market for Eastern and Southern Africa (COMESA) (28.4%), the European Union (26.6%) and North America/Caribbean (26.5%) in 2018. Uganda imported most services from Other Europe (23.7%), the European Union (20.8%), COMESA (16.9%), and Middle East (9.7%).

Services Trade Flows by Economic Sector In 2018, Transportation & Storage, Professional, Scientific &Technical activities and Financial & Insurance sectors were the major sectors involved in exportation of services contributing 54.4 percent, 31.7 percent and 10.9 percent of the total services exports respectively. On the other hand, Financial & Insurance activities (38.8%), Construction (29.7%) and Transportation & Storage (21.2%) were the major sectors that imported services.

Geographic coverage

National coverage.

Analysis unit

The unit of analysis of the International Trade in Services 2019 are; broad economic sectors, service categories and trading partners.

Universe

The survey covered all enterprises involved in the exports/imports of servies with turnover of UGX 10 million and above

Kind of data

Sample survey data [ssd]

Sampling procedure

In constructing a sampling frame, the Value Added Tax (VAT) register from Uganda Revenue Authority (URA) was used and this was complemented by the Uganda Business Register (2009/2010). In addition, lists of institutions/associations from regulatory authorities like Uganda Insurance Commission, Association of Uganda Tour Operators, Transporters' Association, as well as Association of Engineers and Constructors were also used to update the sampling frame. In total, the sampling frame consisted of 5,865 eligible enterprises under the five monitored sectors according to ISIC, Rev4 categorisation. From this frame, a sample of 587 enterprises was obtained for the respective sectors basing on the turnover with the understanding that it is the large enterprises that normally trade in international services. The survey targeted only enterprises with turnover of UGX 10 million and above.

Enterprises were stratified according to industry economic activity by ISIC, Rev4 classification. To determine the number of enterprises to be sampled in each stratum, different sampling methods were used. In strata with few enterprises, it was complete enumeration and therefore, all enterprises were sampled i.e. Commercial banks, Insurance companies and Telecommunication companies. For the rest of the strata, only large enterprises that contribute 75 percent of the total turnover of all the enterprises in each stratum were considered. Therefore from a frame of 5,865 enterprises, a sample of 587 enterprises was selected.

Mode of data collection

Face-to-face [f2f]

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.

Chile Exports: fob: US: Cork & Articles Thereof data was reported at 0.000 USD mn in May 2019. This stayed constant from the previous number of 0.000 USD mn for Apr 2019. Chile Exports: fob: US: Cork & Articles Thereof data is updated monthly, averaging 0.000 USD mn from Jan 2014 (Median) to May 2019, with 65 observations. The data reached an all-time high of 0.424 USD mn in Jan 2019 and a record low of 0.000 USD mn in May 2019. Chile Exports: fob: US: Cork & Articles Thereof data remains active status in CEIC and is reported by National Customs Service. The data is categorized under Global Database’s Chile – Table CL.JA012: Exports: by Country: Main Trading Partners: HS Classification.

The United States' total Exports in 2024 were valued at US$2.06 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main export partners were: Canada, Mexico and China. The top three export commodities were: Mineral fuels, oils, distillation products; Machinery, nuclear reactors, boilers and Electrical, electronic equipment. Total Imports were valued at US$3.36 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.

Ireland recorded an intense drop in contact lensexports owing to reduced demand from its major trade partners, Japan, the U.S and China. In value terms, exports fell from $1.4B in 2019 to $1.2B in 2020. The supplies to Japan, the U.S and China shrank by -3.2%, -15.8% and -4.1% y-o-y, respectively. The average export price for contact lenses from Ireland increased +5.9% y-o-y to $0.4 per unit last year.

Chile Exports: fob: US: Reserved for Contracting Parties data was reported at 1.343 USD mn in May 2019. This records a decrease from the previous number of 1.625 USD mn for Apr 2019. Chile Exports: fob: US: Reserved for Contracting Parties data is updated monthly, averaging 1.343 USD mn from Jan 2019 (Median) to May 2019, with 5 observations. The data reached an all-time high of 2.642 USD mn in Mar 2019 and a record low of 0.630 USD mn in Jan 2019. Chile Exports: fob: US: Reserved for Contracting Parties data remains active status in CEIC and is reported by National Customs Service. The data is categorized under Global Database’s Chile – Table CL.JA012: Exports: by Country: Main Trading Partners: HS Classification.

Exports in the United States increased to 280.83 USD Billion in August from 280.60 USD Billion in July 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.

Chile Exports: fob: US: Glass & Articles Thereof data was reported at 0.661 USD mn in May 2019. This records an increase from the previous number of 0.369 USD mn for Apr 2019. Chile Exports: fob: US: Glass & Articles Thereof data is updated monthly, averaging 0.103 USD mn from Jan 2014 (Median) to May 2019, with 65 observations. The data reached an all-time high of 0.783 USD mn in Mar 2019 and a record low of 0.001 USD mn in Mar 2017. Chile Exports: fob: US: Glass & Articles Thereof data remains active status in CEIC and is reported by National Customs Service. The data is categorized under Global Database’s Chile – Table CL.JA012: Exports: by Country: Main Trading Partners: HS Classification.

Bilateral trade costs (tariff equivalent) between Cambodia and its 30 major trading partners between 1993 and 2019 (σ = 8).

Israel's exports to the European Union (EU) reached **** billion U.S. dollars in 2024, highlighting the strong economic ties between the two regions. This figure represents a significant portion of Israel's total exports, which amounted to some **** billion U.S. dollars in goods in 2023. The EU remains a crucial trade partner for Israel, with the relationship bolstered by a trade agreement signed in 2000. Europe as a key export market The broader European continent stands as Israel's most significant export region, with exports valued at **** billion U.S. dollars in 2024. This surpasses North America, which received Israeli exports worth ** billion U.S. dollars. The United States, as part of North America, remains Israel's largest export partner after the EU, with exports totaling **** billion U.S. dollars in 2024, showing a slight increase from 2023. Diverse export portfolio Israel's exports encompass a wide range of commodities and services. In 2023, the country’s dominant technology industry exported goods valued at nearly **** billion U.S. dollars. By comparison, agricultural exports from the country accounted for *** billion U.S. dollars. Furthermore, since 2020, Israel began exporting natural gas to its neighbors in Jordan and Egypt, reaching **** billion cubic meters by 2023.

China's total Exports in 2024 were valued at US$3.58 Trillion, according to the United Nations COMTRADE database on international trade. China's main export partners were: the United States, Hong Kong and Vietnam. The top three export commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Vehicles other than railway, tramway. Total Imports were valued at US$2.59 Trillion. In 2024, China had a trade surplus of US$991.41 Billion.

Afghanistan's total Exports in 2019 were valued at US$870.49 Million, according to the United Nations COMTRADE database on international trade. Afghanistan's main export partners were: India, Pakistan and China. The top three export commodities were: Edible fruits, nuts, peel of citrus fruit, melons; Lac, gums, resins and Edible vegetables and certain roots and tubers. Total Imports were valued at US$8.57 Billion. In 2019, Afghanistan had a trade deficit of US$7.70 Billion.

Imports in the United States decreased to 340.38 USD Billion in August from 358.76 USD Billion in July of 2025. This dataset provides the latest reported value for - United States Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

We provide the data used for this research in both Excel (one file with one matrix per sheet, 'Allmatrices.xlsx'), and CSV (one file per matrix).

Patent applications (Patent_applications.csv) Patent applications from residents and no residents per million inhabitants. Data obtained from the World Development Indicators database (World Bank 2020). Normalization by the number of inhabitants was made by the authors.

High-tech exports (High-tech_exports.csv) The proportion of exports of high-level technology manufactures from total exports by technology intensity, obtained from the Trade Structure by Partner, Product or Service-Category database (Lall, 2000; UNCTAD, 2019)

Expenditure on education (Expenditure_on_education.csv) Per capita government expenditure on education, total (2010 US$). The data was obtained from the government expenditure on education (total % of GDP), GDP (constant 2010 US$), and population indicators of the World Development Indicators database (World Bank 2020). Normalization by the number of inhabitants was made by the authors.

Scientific publications (Scientific_publications.csv) Scientific and technical journal articles per million inhabitants. The data were obtained from the scientific and technical journal articles and population indicators of the World Development Indicators database (World Bank 2020). Normalization by the number of inhabitants was made by the authors.

Expenditure on R&D (Expenditure_on_R&D.csv) Expenditure on research and development. Data obtained from the research and development expenditure (% of GDP), GDP (constant 2010 US$), and population indicators of the World Development Indicators database (World Bank 2020). Normalization by the number of inhabitants was made by the authors.

Two centuries of GDP (GDP_two_centuries.csv) GDP per capita that accounts for inflation. Data obtained from the Maddison Project Database, version 2018 (Inklaar et al. 2018), and available from the Open Numbers community (open-numbers.github.io).

Inklaar, R., de Jong, H., Bolt, J., & van Zanden, J. (2018). Rebasing “Maddison”: new income comparisons and the shape of long-run economic development (GD-174; GGDC Research Memorandum). https://www.rug.nl/research/portal/files/53088705/gd174.pdf

Lall, S. (2000). The Technological Structure and Performance of Developing Country Manufactured Exports, 1985‐98. Oxford Development Studies, 28(3), 337–369. https://doi.org/10.1080/713688318

Unctad. 2019. “Trade Structure by Partner, Product or Service-Category.” 2019. https://unctadstat.unctad.org/EN/.

World Bank. (2020). World Development Indicators. https://databank.worldbank.org/source/world-development-indicators

Afghanistan's total Imports in 2019 were valued at US$8.57 Billion, according to the United Nations COMTRADE database on international trade. Afghanistan's main import partners were: Iran, China and Pakistan. The top three import commodities were: Mineral fuels, oils, distillation products; Milling products, malt, starches, inlin, wheat gluten and Animal, vegetable fats and oils, cleavage products. Total Exports were valued at US$870.49 Million. In 2019, Afghanistan had a trade deficit of US$7.70 Billion.

Chile Exports: fob: US: Cotton data was reported at 0.018 USD mn in May 2019. This records a decrease from the previous number of 0.057 USD mn for Apr 2019. Chile Exports: fob: US: Cotton data is updated monthly, averaging 0.024 USD mn from Jan 2014 (Median) to May 2019, with 65 observations. The data reached an all-time high of 0.099 USD mn in May 2018 and a record low of 0.000 USD mn in Mar 2019. Chile Exports: fob: US: Cotton data remains active status in CEIC and is reported by National Customs Service. The data is categorized under Global Database’s Chile – Table CL.JA012: Exports: by Country: Main Trading Partners: HS Classification.

Chile Exports: fob: US: Hats, Other Headgear & Parts Thereof data was reported at 0.000 USD mn in May 2019. This records a decrease from the previous number of 0.002 USD mn for Apr 2019. Chile Exports: fob: US: Hats, Other Headgear & Parts Thereof data is updated monthly, averaging 0.000 USD mn from Jan 2014 (Median) to May 2019, with 65 observations. The data reached an all-time high of 0.021 USD mn in Sep 2014 and a record low of 0.000 USD mn in Jan 2019. Chile Exports: fob: US: Hats, Other Headgear & Parts Thereof data remains active status in CEIC and is reported by National Customs Service. The data is categorized under Global Database’s Chile – Table CL.JA012: Exports: by Country: Main Trading Partners: HS Classification.

The European Union (EU) is Algeria's main trade partner. The balance of trade of Algeria with EU countries was positive in both 2018 and 2019, registering a value of around *** billion and *** billion U.S. dollars, respectively. The trade balance with Asia, one of the main trade partners of Algeria, remained negative in both 2018 and 2019.