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.

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.

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.

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.

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)

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

The average for 2023 based on 16 countries was -16.71 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.

China recorded a trade surplus of 90.07 USD Billion in October of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States US: Trade Balance: Advanced Economies: Singapore data was reported at 10.356 USD bn in 2017. This records an increase from the previous number of 9.068 USD bn for 2016. United States US: Trade Balance: Advanced Economies: Singapore data is updated yearly, averaging 162.500 USD mn from Dec 1958 (Median) to 2017, with 58 observations. The data reached an all-time high of 13.811 USD bn in 2014 and a record low of -3.963 USD bn in 1996. United States US: Trade Balance: Advanced Economies: Singapore 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: Annual.

The average for 2024 based on 134 countries was -3.07 percent. The highest value was in Macao: 44.38 percent and the lowest value was in Kiribati: -88.61 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

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.

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

Explore exports, imports, and trade balance data by country and region on this dataset webpage. Gain insights into MFN Dutiable Tariff Lines Share, Import Share in Total Products, AHS SpecificDuty Imports, and more. Click to access valuable information for countries like Kuwait, Belarus, Qatar, Afghanistan, and many more.

MFN Dutiable Tariff Lines Share (%), Import Share in Total Products (%), AHS Specific Tariff Lines Share (%), AHS SpecificDuty Imports(US$ Thousand),MFN SpecificDuty Imports (US$ Thousand), MFN Dutiable Imports (US$ Thousand), AHS MaxRate (%), MFN MaxRate (%), Export (US$ Thousand), MFN Duty Free Tariff Lines Share (%), AHS MinRate (%), Export Share in Total Products (%), Import (US$ Thousand), MFN Specific Tariff Lines Share (%), MFN Duty Free Imports (US$ Thousand), MFN Total Tariff Lines, MFN Weighted Average (%), AHS Weighted Average (%), MFN MinRate (%), AHS Duty Free Imports (US$ Thousand), MFN AVE Tariff Lines Share (%), AHS Simple Average (%), AHS Total Tariff Lines, MFN Simple Average (%), Import Partner Share (%), AHS AVE Tariff Lines Share (%), Trade Balance (US$ Thousand), No Of Tariff Agreement, Export Partner Share (%), AHS Dutiable Tariff Lines Share (%), AHS Duty Free Tariff Lines Share (%), AHS Dutiable Imports (US$ Thousand), Imports, Exports, Exporters, Importers

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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.

The average for 2024 based on 17 countries was -4.18 percent. The highest value was in Puerto Rico: 9.11 percent and the lowest value was in Honduras: -24.01 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

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

US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Lao People Democratic Republic data was reported at -26.980 USD mn in Mar 2018. This records a decrease from the previous number of -18.421 USD mn for Dec 2017. US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Lao People Democratic Republic data is updated quarterly, averaging -0.100 USD mn from Sep 1961 (Median) to Mar 2018, with 220 observations. The data reached an all-time high of 8.000 USD mn in Sep 1974 and a record low of -26.980 USD mn in Mar 2018. US: Trade Balance: Emerging and Developing Economies: Emerging and Developing Asia: Lao People Democratic Republic 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: Quarterly.

US: Trade Balance: Advanced Economies: San Marino data was reported at -2.648 USD mn in Mar 2018. This records a decrease from the previous number of -1.213 USD mn for Dec 2017. US: Trade Balance: Advanced Economies: San Marino data is updated quarterly, averaging -0.355 USD mn from Dec 2016 (Median) to Mar 2018, with 6 observations. The data reached an all-time high of 0.725 USD mn in Dec 2016 and a record low of -2.648 USD mn in Mar 2018. US: Trade Balance: Advanced Economies: San Marino 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: Quarterly.

The average for 2023 based on 15 countries was -4.11 billion U.S. dollars. The highest value was in Peru: 9.19 billion U.S. dollars and the lowest value was in Mexico: -31.95 billion U.S. dollars. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

The United Kingdom recorded a trade deficit of 1094 GBP Million in September of 2025. This dataset provides - United Kingdom Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.