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.

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.

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

Key information about US's Trade Balance

• US's Trade Balance recorded a deficit of 155.6 USD bn in Jan 2025, compared with a deficit of 122.1 USD bn in the previous month
• US's Trade Balance data is updated monthly, available from Jan 1986 to Jan 2025, with an averaged value of -51.2 USD bn
• The data reached an all-time high of -3.7 USD bn in Feb 1992 and a record low of -155.6 USD bn in Jan 2025

• In the latest reports, US's Total Exports reached 171.6 USD bn in Jan 2025, a decrease of 26.1% YoY (year-on-year)
• Total Imports recorded 327.1 USD bn in Jan 2025, an increase of 26.1% YoY (year-on-year)

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.

Graph and download economic data for Trade Balance: Goods, Balance of Payments Basis (BOPGTB) from Jan 1992 to Apr 2025 about BOP, balance, trade, goods, and USA.

US: Trade Balance data was reported at -72.053 USD bn in May 2018. This records a decrease from the previous number of -67.562 USD bn for Apr 2018. US: Trade Balance data is updated monthly, averaging -11.355 USD bn from Jan 1960 (Median) to May 2018, with 701 observations. The data reached an all-time high of 1.443 USD bn in Mar 1975 and a record low of -92.010 USD bn in Jul 2008. US: Trade Balance 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: Monthly.

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.

US: Trade Balance: Advanced Economies: Taiwan data was reported at -1.536 USD bn in May 2018. This records a decrease from the previous number of -1.116 USD bn for Apr 2018. US: Trade Balance: Advanced Economies: Taiwan data is updated monthly, averaging -815.282 USD mn from Feb 1960 (Median) to May 2018, with 698 observations. The data reached an all-time high of 31.000 USD mn in Mar 1974 and a record low of -2.164 USD bn in Mar 2015. US: Trade Balance: Advanced Economies: Taiwan 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: Monthly.

India trade balance for 2023 was -73.51 billion US dollars, a 38.5% decline from 2022.

<ul style='margin-top:20px;'>

<li>India trade balance for 2022 was <strong>-119.53 billion US dollars</strong>, a <strong>43.78% increase</strong> from 2021.</li>
<li>India trade balance for 2021 was <strong>-83.13 billion US dollars</strong>, a <strong>690.53% increase</strong> from 2020.</li>
<li>India trade balance for 2020 was <strong>-10.52 billion US dollars</strong>, a <strong>85.61% decline</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.

China recorded a trade surplus of 103.22 USD Billion in May of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the United States reported the highest trade balance deficit with approximately **** trillion U.S. dollars.

US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Macao data was reported at 46.310 USD mn in May 2018. This records an increase from the previous number of 34.910 USD mn for Apr 2018. US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Macao data is updated monthly, averaging -27.850 USD mn from Mar 1961 (Median) to May 2018, with 572 observations. The data reached an all-time high of 107.616 USD mn in Mar 2016 and a record low of -165.800 USD mn in Jul 2004. US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Macao 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: Monthly.

Canada recorded a trade deficit of 5900 CAD Million in May of 2025. This dataset provides the latest reported value for - Canada Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

US: Trade Balance: Advanced Economies: Estonia data was reported at -37.632 USD mn in May 2018. This records a decrease from the previous number of -24.839 USD mn for Apr 2018. US: Trade Balance: Advanced Economies: Estonia data is updated monthly, averaging -9.700 USD mn from Jan 1992 (Median) to May 2018, with 317 observations. The data reached an all-time high of 30.700 USD mn in Jun 1995 and a record low of -150.700 USD mn in Sep 2010. US: Trade Balance: Advanced Economies: Estonia 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: Monthly.

Japan recorded a trade deficit of 637.61 JPY Billion in May of 2025. This dataset provides - Japan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Brazil recorded a trade surplus of 7240 USD Million in May 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.

US: Trade Balance: Advanced Economies: Iceland data was reported at 19.365 USD mn in May 2018. This records a decrease from the previous number of 104.215 USD mn for Apr 2018. US: Trade Balance: Advanced Economies: Iceland data is updated monthly, averaging -3.750 USD mn from Feb 1960 (Median) to May 2018, with 698 observations. The data reached an all-time high of 122.400 USD mn in May 2007 and a record low of -39.400 USD mn in Aug 1987. US: Trade Balance: Advanced Economies: Iceland 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: Monthly.

US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Mainland data was reported at -33.187 USD bn in May 2018. This records a decrease from the previous number of -27.962 USD bn for Apr 2018. US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Mainland data is updated monthly, averaging -2.769 USD bn from Sep 1971 (Median) to May 2018, with 560 observations. The data reached an all-time high of 328.800 USD mn in Dec 1980 and a record low of -36.277 USD bn in Sep 2015. US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: China, People Republic: Mainland 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: Monthly.

US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: India data was reported at -2.452 USD bn in May 2018. This records a decrease from the previous number of -2.383 USD bn for Apr 2018. US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: India data is updated monthly, averaging -100.950 USD mn from Feb 1960 (Median) to May 2018, with 698 observations. The data reached an all-time high of 487.100 USD mn in Jul 2007 and a record low of -3.055 USD bn in Apr 2014. US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: India 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: Monthly.