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

As of 2024, the United States had a trade deficit of about 918 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.

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 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 295.4 billion U.S. dollars.

In December 2024, the trade surplus in China amounted to approximately 104.84 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 6.1 trillion U.S. dollars in 2024.China has become a vital trade partner for many economies. In 2023, over 427 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 823.22 billion U.S. dollars as of 2023.

China recorded a trade surplus of 104.84 USD Billion in December of 2024. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This timeline depicts the total imports and exports of goods of the United States from January 2017 to September 2022. In September 2022, the total value of imports of the United States amounted to approximately 275.41 billion U.S. dollars; its exports valued around 176 billion U.S. dollars that month.

Japan recorded a trade surplus of 584.50 JPY Billion in February of 2025. This dataset provides - Japan Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The European Union has had a growing trade balance with the United States since the turn of the millennium. While in 1999, the EU recorded a monthly trade balance with the U.S. as low as 200 million euros a month, the monthly trade balance in the most recent period recorded was over 12 billion euros. Both exports and imports have increased over this period, with a particularly notable uptick following the coronavirus pandemic.

Graph and download economic data for Advance U.S. International Trade in Goods: Balance (AITGCBS) from Jan 2025 to Jan 2025 about balance, trade, goods, and USA.

Graph and download economic data for Net Exports of Goods and Services (NETEXP) from Q1 1947 to Q4 2024 about exports, Net, goods, services, GDP, and USA.

Turkey recorded a trade deficit of 8154 USD Million in February of 2025. This dataset provides the latest reported value for - Turkey 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 International Merchandise Trade Statistics: Trade Balance: Commodities for United States (XTNTVA01USM667S) from Jan 1955 to Jan 2025 about trade, Net, goods, and USA.

Germany recorded a trade surplus of 16 EUR Billion in January of 2025. This dataset provides - Germany Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States Trade Balance: BoP: sa: Goods Non Petroleum data was reported at -60.143 USD bn in May 2018. This records an increase from the previous number of -62.520 USD bn for Apr 2018. United States Trade Balance: BoP: sa: Goods Non Petroleum data is updated monthly, averaging -32.948 USD bn from Jan 1992 (Median) to May 2018, with 317 observations. The data reached an all-time high of -863.900 USD mn in Feb 1992 and a record low of -69.268 USD bn in Feb 2018. United States Trade Balance: BoP: sa: Goods Non Petroleum data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA002: Trade Statistics: BoP Basis: Seasonally Adjusted.

United States US: Trade Balance: Advanced Economies: Korea data was reported at -1.803 USD bn in May 2018. This records a decrease from the previous number of -1.617 USD bn for Apr 2018. United States US: Trade Balance: Advanced Economies: Korea data is updated monthly, averaging -267.300 USD mn from Feb 1960 (Median) to May 2018, with 698 observations. The data reached an all-time high of 626.400 USD mn in Mar 1997 and a record low of -3.283 USD bn in Apr 2016. United States US: Trade Balance: Advanced Economies: 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: Monthly.

Mexico recorded a trade deficit of 4558 USD Million in January of 2025. This dataset provides the latest reported value for - Mexico Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Australia recorded a trade surplus of 5085 AUD Million in December of 2024. This dataset provides the latest reported value for - Australia Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Brazil recorded a trade deficit of 300 USD Million in February 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.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for China (XTNTVA01CNM667S) from Jan 1992 to Dec 2024 about China, trade, Net, and goods.