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 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.

View monthly updates and historical trends for US Trade Deficit. from United States. Source: Bureau of Economic Analysis. Track economic data with YCharts…

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.

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.

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.

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)

Goods Trade Balance in the United States increased to -85541 USD Million in August from -102840 USD Million in July of 2025. This dataset provides - United States Goods Trade Balance- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This timeline shows the total value of the United States' trade balance from ************ to **********. In that month, the United States had a trade deficit of about **** billion U.S. dollars.

The Balance of Trade in the USA measures the difference between the value of its exports and imports of goods and services.-2026-01-08

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.

Since 2009, Brazil has experienced successive trade deficits with the US. This indicates that Brazil has spent more on imports than it has earned on exports. In 2024, the trade deficit was 0.25 billion U.S. dollars.

China recorded a trade surplus of 90.07 USD Billion in October of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The Balance of Trade in the USA measures the difference between the value of its exports and imports of goods and services.-2025-11-19

Graph and download economic data for Total Current Account Balance for the United States (DISCONTINUED) (BPBLTT01USQ188S) from Q1 1960 to Q4 2013 about current account, BOP, and USA.

Key information about United States Total Exports

• United States Total Exports recorded 178.2 USD bn in Aug 2025, compared with 178.5 USD bn in the previous month
• US Total Exports data is updated monthly, available from Jan 1989 to Aug 2025, with an averaged value of 92.6 USD bn
• The data reached an all-time high of 190.1 USD bn in Apr 2025 and a record low of 28.4 USD bn in Jan 1989

• In the latest reports, US Total Exports grew 0.8 % YoY in Aug 2025
• Total Imports recorded 262.5 USD bn in Aug 2025, which registered a decrease of 3.8 % year on year
• US Trade Balance recorded a deficit of 84.3 USD bn in Aug 2025

During the 19th century, the United States generally had a negative trade balance, importing more than it exported, particularly from the British Empire. This changed at the turn of the 20th century, and the U.S. consistently had a positive trade balance between 1896 and 1970. The greatest periods of fluctuation came during the world wars, as well as an observable decline following the Wall Street Crash of 1929.

While inflation rates increased the total value of imports and exports over time, the rate of growth did increase significantly from 1900 onwards. The early 20th century saw the U.S. move away from its traditional isolationist policies (apart from a brief period during the great Depression) and emerge as a global superpower. Following the Second World War, the U.S. used its economic power to maintain its influence across the globe, as it sought to suppress the expansion of communism.

Graph and download economic data for Merchandise Trade Balance: Excess of Total Exports Over General Imports for United States (M07047USM144NNBR) from Jul 1866 to Oct 1969 about merchandise, balance, imports, trade, exports, and USA.

Graph and download economic data for Net Exports of Goods and Services (NETEXP) from Q1 1947 to Q2 2025 about exports, Net, goods, services, GDP, and USA.