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.

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.

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

In 2024, the United States reported the highest trade balance deficit with approximately **** trillion U.S. dollars.

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.

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.

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)

The average for 2023 based on 137 countries was 3.89 billion U.S. dollars. The highest value was in China: 385.58 billion U.S. dollars and the lowest value was in the USA: -774.22 billion U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

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 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.

In 2024, China was the country with the highest trade surplus, with approximately ****** billion U.S. dollars. The leading trade nations Typically a trade surplus indicates a sign of economic success and a trade deficit indicates an economic weakness. However, if that were true, then the top four, China, Germany, Russia and Netherlands, would be considered the best performing countries in the world. However, this would mean that the United States, Great Britain, India and France would be among the weakest nations considering that they are four countries with the highest trade deficit. In fact, they are leading industrial nations. While China is known for producing and exporting products at a competitive price, it has undervalued its exchange rate in order to promote exports. However, China is now working to reduce its reliance on exports even though they continue to export large and increasing quantities of goods. In the case of Germany, the value of the euro may not be high enough, however growth concerning the value of exports has slowed over the past few years. In contrast, the value of the dollar in the United States may be too high, favoring imports as opposed to exports.

Graph and download economic data for International Merchandise Trade Statistics: Trade Balance: Commodities for United States (XTNTVA01USM667S) from Jan 1955 to Jul 2025 about trade, Net, goods, and USA.

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

United States Trade Balance: India: sa data was reported at -1.908 USD bn in May 2018. This records an increase from the previous number of -2.040 USD bn for Apr 2018. United States Trade Balance: India: sa data is updated monthly, averaging -1.743 USD bn from Jan 2009 (Median) to May 2018, with 113 observations. The data reached an all-time high of -22.000 USD mn in Aug 2009 and a record low of -2.656 USD bn in Apr 2014. United States Trade Balance: India: sa data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA010: Trade Statistics: Census Basis: By Country: Trade Balance.

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

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

View monthly updates and historical trends for US Trade Balance on Goods and Services. from United States. Source: Bureau of Economic Analysis. Track econ…

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.

United States Trade Balance: European Union data was reported at -15.708 USD bn in Aug 2018. This records an increase from the previous number of -17.589 USD bn for Jul 2018. United States Trade Balance: European Union data is updated monthly, averaging -7.341 USD bn from Jan 1993 (Median) to Aug 2018, with 308 observations. The data reached an all-time high of 1.899 USD bn in Jan 1993 and a record low of -17.589 USD bn in Jul 2018. United States Trade Balance: European Union data remains active status in CEIC and is reported by US Census Bureau. The data is categorized under Global Database’s USA – Table US.JA009: Trade Statistics: Census Basis: By Region. Includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden, and United Kingdom

View monthly updates and historical trends for US Trade Balance on Goods with European Union. from United States. Source: Bureau of Economic Analysis. Tra…