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.

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

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.

Goods Trade Balance in the United States decreased to -96590 USD Million in May from -86970 USD Million in April of 2025. This dataset provides - United States Goods Trade Balance- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 recorded a Current Account deficit of 3.90 percent of the country's Gross Domestic Product in 2024. This dataset provides - United States Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar 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 date 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.

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.

China trade balance for 2023 was 386.04 billion US dollars, a 33.19% decline from 2022.

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

<li>China trade balance for 2022 was <strong>577.85 billion US dollars</strong>, a <strong>25.39% increase</strong> from 2021.</li>
<li>China trade balance for 2021 was <strong>460.83 billion US dollars</strong>, a <strong>29.76% increase</strong> from 2020.</li>
<li>China trade balance for 2020 was <strong>355.15 billion US dollars</strong>, a <strong>167.45% increase</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.

India recorded a trade deficit of 21.88 USD Billion in May of 2025. This dataset provides the latest reported value for - India Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

This data package includes the underlying data files to replicate the data and charts presented in Misconceptions about US trade deficits muddy the economic policy debate by Maurice Obstfeld, PIIE Policy Brief 24-7.

If you use the data, please cite as: Obstfeld, Maurice. 2024. Misconceptions about US trade deficits muddy the economic policy debate. PIIE Policy Brief 24-7. Washington, DC: Peterson Institute for International Economics.

Colombia recorded a trade deficit of 1.67 USD Billion in April of 2025. This dataset provides - Colombia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Hong Kong recorded a trade deficit of 27325 HKD Million in May of 2025. This dataset provides the latest reported value for - Hong Kong Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Japan trade balance for 2023 was -64.81 billion US dollars, a 59.5% decline from 2022.

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

<li>Japan trade balance for 2022 was <strong>-160.05 billion US dollars</strong>, a <strong>510.73% increase</strong> from 2021.</li>
<li>Japan trade balance for 2021 was <strong>-26.21 billion US dollars</strong>, a <strong>92.87% increase</strong> from 2020.</li>
<li>Japan trade balance for 2020 was <strong>-13.59 billion US dollars</strong>, a <strong>8.25% 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.

Canada trade balance for 2023 was -9.72 billion US dollars, a 442.91% decline from 2022.

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

<li>Canada trade balance for 2022 was <strong>2.84 billion US dollars</strong>, a <strong>1553.86% increase</strong> from 2021.</li>
<li>Canada trade balance for 2021 was <strong>171.47 million US dollars</strong>, a <strong>100.47% decline</strong> from 2020.</li>
<li>Canada trade balance for 2020 was <strong>-36.58 billion US dollars</strong>, a <strong>43.1% increase</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.

This data package includes the underlying data to replicate the charts, tables, and calculations presented in The US Trade Deficit and Foreign Borrowing: How Long Can It Continue?, PIIE Working Paper 25-14.

If you use the data, please cite as:

Bayoumi, Tamim, and Joseph E. Gagnon. 2025. The US Trade Deficit and Foreign Borrowing: How Long Can It Continue? PIIE Working Paper 25-14. Washington: Peterson Institute for International Economics.

Pakistan: Trade balance, billion USD: The latest value from 2023 is -21.65 billion U.S. dollars, an increase from -37.63 billion U.S. dollars in 2022. In comparison, the world average is 4.81 billion U.S. dollars, based on data from 148 countries. Historically, the average for Pakistan from 1976 to 2023 is -10.75 billion U.S. dollars. The minimum value, -40.9 billion U.S. dollars, was reached in 2021 while the maximum of -0.41 billion U.S. dollars was recorded in 2002.

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.