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, Balance of Payments Basis (BOPGTB) from Jan 1992 to May 2025 about BOP, balance, trade, goods, 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.

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

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.

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.

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.

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.

The timeline shows the U.S. trade balance of goods and services from 2000 to 2023. In 2022, the United States had a surplus of approximately *** billion U.S. dollars in service trade, but had a deficit of over ************ U.S. dollars in goods trade.

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.

Explore the impact of the U.S. trade deficit reaching new heights alongside declining GDP forecasts, and what it means for the economy and various industries.

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.

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

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.

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.

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.

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.

Mexico recorded a trade surplus of 1029 USD Million in May 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.