Transatlantic trade between the EU and the U.S. grew between 2013 and 2024, reaching a value of 1,684 billion euros in 2024. Currently, this historical relationship is under strain due to tariffs imposed on EU goods by the recently re-elected Trump administration.

The United States recorded a trade deficit of 78.31 USD Billion in July 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.

In 2024, the total value of the U.S. trade in goods with China amounted to around *** billion U.S. dollars composed of a ****** billion U.S. dollars export value and a ****** billion U.S. dollars import value. This represented a negative trade balance of ***** billion 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 ***** billion U.S. dollars.

In 2024, Chinese exports of trade goods to the United States amounted to about 438.95 billion U.S. dollars; a significant increase from 1985 levels, when imports from China amounted to about 3.86 billion U.S. dollars. U.S. exports to China Compared to U.S. imports from China, the value of U.S. exports to China in 2020 amounted to 427.23billion U.S. dollars. China is the United States’ largest trading partner, while China was the United States third largest goods export market. Some of the leading exports to China in the agricultural sector included soybeans, cotton, and pork products. Texas was the leading state that exported to China in 2020 based on total value of goods exports, at 16.9 billion U.S. dollars. U.S. - China trade war The trade war between the United States and China is an economic conflict between two of the world’s largest national economies. It started in 2018 when U.S. President Donald Trump started putting tariffs and trade barriers on China, with the intent to get China to conform to Trump’s wishes. President Trump claimed that China has unfair trade businesses. As a result of this trade war, it has caused a lot of tension between the U.S. and China. Nearly half of American companies impacted by the U.S.-China trade tariffs said that the trade war increased their cost of manufacturing. The healthcare product industry has suffered the most from the trade war in regards to reduced profits.

In this study, a complex network method was employed to quantify the changing role of countries in fish trade and the dynamic characteristics of fish globalization. Based on the United Nations Comtrade Database, the International Trade Network for Fish and Fish Products (ITN-Fish) was constructed as a series of weighted-directed networks for each year from 1990 to 2018. Almost all countries and territories worldwide have participated in the fish trade. In 2018, the network identified 229 fish traders. The share of developing countries in imports and exports has increased. Traders actively establish new trade relations, which improve network connectivity. However, these relations only account for a small part of the fish trade. The high connectivity allows risks to spread rapidly in the world through hubs such as the United States and China, which raises concerns about the robustness of these weak links in the Sino-US trade conflict and the outbreak of COVID-19. However, we have optimistic expectations on this issue. The dynamic of network topology property shows that the globalization of fish trade flourished between 1990 and 2018. Although, due to the financial crisis and its subsequent impact, the total amount of fish trade declined in 2009 and 2015, the network structure was not seriously affected, and the trend of topology property remained unchanged. Based on the construction of the international trade network, its node attribute, and its structural attribute, fish trade maintains the trend of globalization. Countries should actively adhere to trade globalization to promote the development of the fish trade.

Comprehensive import/export records and shipment data

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.

Real-time trade data, shipment records, and business intelligence

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Evolution Power Tools Llc Us Export Import Data. Follow the Eximpedia platform for HS code, importer-exporter records, and customs shipment details.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Evolution Group Usa Llc Export Import Data. Follow the Eximpedia platform for HS code, importer-exporter records, and customs shipment details.

According to recent projections, the volume of total merchandise trade (imports and exports) worldwide is to increase by 2.6 percent in 2024. In 2020, international trade had seen a decline of five percent in volume as a result of disruptions caused by the coronavirus (COVID-19) pandemic.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

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Freight Forwarding Market Size 2025-2029

The freight forwarding market size is valued to increase USD 51.62 billion, at a CAGR of 4.1% from 2024 to 2029. Increasing international trade will drive the freight forwarding market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 47% growth during the forecast period.
By Mode Of Transportation - Land freight segment was valued at USD 108.41 billion in 2023
By Application - Industrial and manufacturing segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 34.47 billion
Market Future Opportunities: USD 51.62 billion
CAGR : 4.1%
APAC: Largest market in 2023

Market Summary

The market encompasses the global trade of transporting goods from one place to another, utilizing various modes of transportation such as air, sea, and land. Core technologies and applications, including the increasing usage of AI and ML, are revolutionizing the industry by optimizing logistics, enhancing supply chain visibility, and reducing operational costs. Service types or product categories, such as less-than-container load (LCL) and full container load (FCL), cater to diverse customer needs. Regulations, including the International Maritime Organization's (IMO) carbon intensity indicators and the European Union's (EU) Green Deal, are driving market evolution. With international trade continuing to grow, the market is expected to unfold with significant opportunities, despite challenges like high fuel and transportation costs.
According to recent estimates, the market is projected to account for over 30% of the global logistics market share by 2026. Related markets such as the logistics and transportation industries also contribute to the market's dynamics.

What will be the Size of the Freight Forwarding Market during the forecast period?

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How is the Freight Forwarding Market Segmented and what are the key trends of market segmentation?

The freight forwarding industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Transportation

  Land freight
  Ocean freight
  Air freight


Application

  Industrial and manufacturing
  Retail and E-commerce
  Food and beverages
  Healthcare
  Others


Service Type

  Transportation and warehousing
  Value-added services


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Transportation Insights

The land freight segment is estimated to witness significant growth during the forecast period.

The land freight segment, encompassing both road and rail transportation, is a crucial component of the global freight forwarding market. This segment plays a pivotal role in facilitating the movement of goods over land, supporting both domestic and international trade.Road freightThe road freight segment is dynamic and vital, involving the transportation of goods via trucks, trailers, and other road vehicles. It serves as a primary mode of transport for a wide range of commodities, including manufactured goods, consumer products, and raw materials. One of the key attributes of road freight forwarding is its flexibility and last-mile connectivity. Road transports ability to reach remote locations and access points unattainable by other modes of transport provides a competitive edge for timely and efficient deliveries. This flexibility is particularly advantageous for industries with time-sensitive goods that require direct-to-door delivery and distribution.Road freights integration into multi-modal transportation networks further enhances its efficiency.

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The Land freight segment was valued at USD 108.41 billion in 2019 and showed a gradual increase during the forecast period.

By seamlessly connecting with other modes of transport such as rail and sea, road freight ensures the smooth and continuous movement of goods across various stages of the supply chain. This capability is essential for maintaining the flow of goods and meeting the demands of modern logistics.Rail freightThe rail freight segment is another critical component of the freight forwarding industry, responsible for the transportation of goods by rail between countries, as well as across continents. This segment encompasses a diverse array of services, including cargo handling, transportation management, customs clearance, and documentation compliance. Rail freight serves as a vital link in the global logistics network, facilitating the efficient movement of goods

Discover how Intel's leadership transition could lead to major strategic shifts, impacting its competitive stance in the semiconductor industry and US electronic chip trade dynamics.

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Customs Audit Market Size 2025-2029

The customs audit market size is forecast to increase by USD 6.51 billion, at a CAGR of 8.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for efficient supply chain operations and the emergence of new customs regulations such as voluntary disclosure programs. These initiatives aim to streamline customs processes and mitigate potential risks, making customs audits an essential component of international trade. However, the market faces challenges, including the growing concern over cybersecurity breaches. As global trade becomes increasingly digital, the risk of data breaches and information theft increases, necessitating robust cybersecurity measures to protect sensitive data during customs audits.
Companies seeking to capitalize on market opportunities must prioritize compliance with evolving customs regulations and invest in advanced cybersecurity solutions to mitigate risks and maintain a competitive edge. Navigating these challenges requires a strategic approach, with a focus on transparency, efficiency, and innovation.

What will be the Size of the Customs Audit Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market is characterized by continuous evolution and dynamic market activities. Entities involved in international trade are subject to a complex web of regulations, including supply chain management, free trade agreements, trade data, export regulations, customs valuation, rules of origin, internal controls, and trade agreements. These regulations are not static but rather unfold with the ongoing unfolding of market activities and evolving patterns. Customs compliance plays a crucial role in this landscape, with entities seeking to adhere to regulations and mitigate risks associated with sanctions compliance, anti-dumping duties, trade remedies, and other trade measures. Customs brokers, freight forwarders, and trade finance providers are key players in facilitating international trade, while customs technology and automated systems enable efficient customs clearance.

Bonded warehousing, duty drawback, and inventory management are essential aspects of customs compliance, allowing entities to minimize duties and taxes and optimize their supply chain operations. Trade data and analytics are increasingly important tools for monitoring and responding to changing regulations and market conditions. Export controls and import regulations also shape the market, with entities needing to navigate the intricacies of tariff classification, customs investigations, and countervailing duties. Documentary credits and free trade zones offer additional complexities, requiring a deep understanding of the customs landscape and the ability to adapt to changing regulations and market conditions.

In this context, compliance audits are a critical component of risk management strategies, enabling entities to identify and address potential compliance issues and minimize the risk of penalties and disruptions to their international trade operations. The market is a dynamic and evolving landscape, requiring ongoing attention and adaptation to ensure compliance and optimize international trade operations.

How is this Customs Audit Industry segmented?

The customs audit industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Service

  Customs audit services
  Customs advisory services


Type

  Financial audit
  Operational audit
  Compliance audit
  Risk management audit
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Service Insights

The customs audit services segment is estimated to witness significant growth during the forecast period.

The market encompasses various entities that play a crucial role in international trade, including sanctions compliance, anti-dumping duties, trade remedies, customs broker, letters of credit, bonded warehousing, duty drawback, inventory management, supply chain management, free trade agreements, trade data, export regulations, customs valuation, rules of origin, internal controls, trade agreements, freight forwarder, trade finance, compliance audits, import regulations, data analytics, export controls, duty rates, risk management, customs compliance, countervailing duties, documentary credits, free trade zones, tariff classification, customs technology, automated systems, and customs investigations. In developed economies like th

A suite of plant traits is thought to make weed populations highly invasive, including vigorous growth and reproduction, superior competitive ability, and high dispersal ability. Using a breeding design and a common garden experiment, we tested whether such an “invasion syndrome” has evolved in an invasive range of Solidago altissima, and whether the evolution is likely to be genetically constrained. We found an overall shift in invasive phenotypes between native North American and invasive Japanese populations. The invasive populations were taller and produced more leaves, suggesting a superior ability to exploit limited resources. The populations also produced more allelopathic compounds that can suppress competitor growth. Finally, invasive populations produced more seeds, which are smaller and are released from a greater height, indicating a potential for superior dispersal ability than the native populations. Quantitative genetics analyses found a large amount of additive genetic variation in most focal traits across native and invasive populations, with no systematic differences in its magnitude between the ranges. Genetic covariances among three traits representing invasion strategies (leaf mass, polyacetylene concentration and seed size) were small. The R metric, which measures the effect of genetic covariances on the rate of adaptation, indicated that the covariance neither constrains nor accelerates concerted evolution of these traits. The results suggest that the invasion syndrome in S. altissima has evolved in the novel range due to ample additive genetic variation, and relatively free from genetic trade-offs. Methods Study system The tall goldenrod, Solidago altissima L. (Asteraceae), is a perennial forb native to eastern North America (Werner et al., 1980) and is a dominant species of old fields and disturbed habitats. Solidago altissima was first introduced into Japan in the late 1890s as an ornamental plant but only became widespread across the country since the 1980s (Fukuda, 1982). Current molecular data suggests that invasive Japanese S. altissima populations are likely to be introduced primarily from south-eastern North America (Sakata et al., 2015), which may overlap with the distribution of a putative S. altissima variety, pluricephala that has also invaded other parts of Asia (Semple et al., 2015). The Japanese populations seem to be founded by multiple introduction events, resulting in similar levels of genetic diversity within a population at neutral markers as in the native populations (Sakata et al., 2015; Uesugi et al., 2020). Moreover, broad-sense genetic variation for herbivore resistance traits did not differ between the US and Japanese populations (Sakata et al., 2020), suggesting that evolution in introduced Japanese populations may not be genetically constrained. However, additive genetic variation and covariation among traits associated with competitive and dispersal abilities has not been examined previously. In its native range, a diverse group of specialist and generalist herbivores keeps the S. altissima populations in check (Root, 1996), whereas in the invaded Japanese range, the plant generally escapes herbivory, except from Uroleucon nigrotuberculatum (a Solidago specialist aphid introduced in 1990’s, Cappuccino, 1987; Sugimoto & Matsumoto, 2000) and Corythucha marmorata (an Asteraceae specialist lacebug introduced to Japan in 2000, Kato & Ohbayashi, 2009; Sakata et al., 2014). Upon establishment in a field patch, S. altissima can rapidly grow tall and shade out neighbouring plants (Root, 1996), while suppressing germination and growth of competitor plants through allelopathy (Kobayashi et al., 2008; Johnson et al., 2010; Uesugi et al., 2019). It produces several compounds of polyacetylenes in roots, which are released into the soil at a concentration known to inhibit the growth of several other plant species (Kobayashi et al., 2008; Johnson et al., 2010; Uesugi & Kessler, 2013; Uesugi et al., 2019). Within a patch, S. altissima primarily spreads through rhizome production (Hartnett & Bazzaz, 1983), but colonization of new patch relies on wind-born seeds that are produced in abundance (Uesugi et al., 2020). Experimental design Seed sources and quantitative genetic breeding design: Seeds were collected in 2016 from three native populations in the south-eastern United States within the known range of S. altissima var. pluricephala where invasive Japanese populations are likely to have originated (Durham, NC, Spartanburg, SC, and Murrells Inlet, SC; Sakata et al., 2015, Suppl. Table 1). Three invasive populations in Japan were sampled across a similar latitudinal range (Utsunomiya, Shizuoka, and Otsu). A principal component analysis (PCA) of variation in 19 WorldClim climatic variables among sampled populations indicated that invasive Japanese populations generally experience wetter summers and drier winters than native US populations (PC1, explaining 52.9 % of variance). Within each range, our study populations varied across a temperature gradient (PC2, explaining 35.5% of variance), with both ranges spanning similar PC2 coordinates (Suppl. Fig. 1, Suppl. Table 1 & 2).
Within each population, we collected seeds from ~50 maternal plants, which grew at least 10 m apart in the field to minimize the probability of sampling the same genetic individual multiple times. We germinated ~10 seeds per maternal plant in a common greenhouse environment (temperature at 18-30 °C and relative humidity at 60%) at Monash University, Victoria, Australia, and grew a single individual per maternal family in 12-cm pots with potting mix with Osmocote. Each population resulted in 18-35 parental (P1) individuals (Suppl. Table 1). P1 individuals from each population were split into groups of five individuals (4-7 replicated groups per population) and crossed within a group using a partial diallel design with reciprocals but no selfing (Lynch & Walsh, 1998). Prior to the anthesis, we bagged branches of inflorescence (~ 5cm long) with nylon bags to avoid accidental pollen transfer. When > 50 % of the flowers on a branch had opened, we removed the branch of the sire plant, and rubbed it against an intact branch on a dam plant. Each plant sired four other individuals within the group and received pollen from the four. We also made a self-pollination cross as a negative control (because S. altissima is a self-incompatible species, self-crosses did not produce any viable seeds). This resulted in total of 760 crosses (20 crosses per group x 38 groups) across the populations. Common garden experiment: In 2017, three viable achenes from each cross were selected, and photographed under a dissecting scope for later examination of achene size (see “Seed dispersal ability” below). Seeds of the F1 generation were germinated as above, and two seedlings per cross were transplanted to individual 10-cm diameter pots. A lack of germination from some crosses resulted in a total of 1324 experimental individuals. Potted plants were placed in evenly spaced trays of 17 pots, across six benches (“blocks”) in the greenhouse as above. Trays were rotated weekly to mitigate effects of microclimate within the greenhouse until flowering. Trait measurements We measured 10 traits that are thought to mediate plant invasiveness, including growth rate, maximum stem height, specific leaf area (SLA), leaf mass, rhizome mass, inflorescence mass, days to first flower, flowering duration, root polyacetylene concentration, and seed size. Growth, morphology, and phenology: We estimated the relative growth rate of individual plants by measuring height on week 8 and week 10 after transplanting, which corresponded with the period of rapid vertical growth. Relative growth rate was determined as ([height at week 10 – week 8]/14 days). In week 15, we collected three fully expanded leaves from each plant at the height of 60 cm above the base. Each set of three leaves was scanned together, dried for 48 hours at 50 °C and weighed. Leaf area was measured using ImageJ (version 1.51), and specific leaf area (SLA) was calculated as [fresh leaf area/dry mass]. To estimate flower onset and flowering duration, we checked plants daily during the flowering period (week 14 through 22) and marked the dates we observed the first flower and the last senesced flower. Flowering duration for each plant was calculated as days from flowering onset to final day of flowering. We harvested plant biomass between weeks 22 and 25 as individual plants finished flowering. Aboveground biomass was separately harvested for leaves, stems, inflorescence, and ramets. We used inflorescence mass as a proxy for seed production (Root, 1996). We were unable to directly estimate seed production because S. altissima is an insect-pollinated, self-incompatible species, and does not naturally set seeds in the greenhouse. Belowground rhizomes were harvested by removing roots and washed in water. All harvested samples were dried for 48 hours at 50 °C before weighing. Polyacetylene analysis: Root samples were collected for polyacetylene analysis in week 15 by removing a subsample of root tissues from each plant. Root samples were flash frozen in liquid nitrogen and stored in -80 °C for later analysis. Following Uesugi et al. (2019), approximately 200 mg fresh weight of root tissue per sample was crushed with mortar and pestle in liquid nitrogen, sonicated in extraction buffer (1ml of 90% methanol) for 6 min, and left in the dark at room temperature for 24h. Samples were centrifuged, and 0.5 ml aliquot was filtered with 0.45 mm syringe filter. The samples were analysed with high-performance liquid chromatography (HPLC) at Monash University using Agilent Infinity 1260 equipped with C18 reserve-phase column (ED-C18, 2.7μm, 150×3.0mm). The elution method was: 0–5min, 0–20% of acetonitrile; 5–25min, 20–95% of acetonitrile and 25–30min, 95% of acetonitrile,

Over the last decades, bilateral trade agreements (BTAs) have increased considerably in number and economic relevance. Notably, such agreements substantially affect global trade, since the reorganization of flows of goods and services has prominent impacts on the contracting countries' economies, but also on other parties that are (directly or indirectly) engaged in trade with these countries. Here, we empirically study the effect of BTAs on the input-output linkages between the contractual parties' national economic sectors by defining a new measure of Trade Interconnectedness (TI), which describes the relative importance of direct and indirect production linkages between the two countries in the international trade network. By analyzing its time evolution for each pair of trade agreement partners, we demonstrate that while most BTAs are succeeded by an increase in TI between the contractors, there are some notable exceptions. In particular, comparing the trade profiles of China and the United States (US), we find indications that both countries have been pursuing fundamentally different objectives and strategies related to the negotiation of BTAs.