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.

The United States' total Exports in 2024 were valued at US$2.06 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main export partners were: Canada, Mexico and China. The top three export commodities were: Mineral fuels, oils, distillation products; Machinery, nuclear reactors, boilers and Electrical, electronic equipment. Total Imports were valued at US$3.36 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.

The lowest trade balance of services in Russia in 2023 was observed in the travel industry, where the value of exports exceeded the country's imports by over **** billion U.S. dollars. The insurance and pension services segment had the highest net exports at around *** million U.S. dollars.

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.

The United States' total Imports in 2024 were valued at US$3.36 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main import partners were: Mexico, China and Canada. The top three import commodities were: Machinery, nuclear reactors, boilers; Electrical, electronic equipment and Vehicles other than railway, tramway. Total Exports were valued at US$2.06 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.

In 2023, the Colombian clothing industry generated a trade deficit, with imports exceeding exports by almost *** million U.S. dollars. Over the past decade, Colombia mostly registered a negative trade balance in the apparel sector.

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.

China's total Exports in 2024 were valued at US$3.58 Trillion, according to the United Nations COMTRADE database on international trade. China's main export partners were: the United States, Hong Kong and Vietnam. The top three export commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Vehicles other than railway, tramway. Total Imports were valued at US$2.59 Trillion. In 2024, China had a trade surplus of US$991.41 Billion.

Vietnam's total Exports in 2023 were valued at US$353.08 Billion, according to the United Nations COMTRADE database on international trade. Vietnam's main export partners were: the United States, China and South Korea. The top three export commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Footwear, gaiters and the like,. Total Imports were valued at US$325.44 Billion. In 2023, Vietnam had a trade surplus of US$27.63 Billion.

Canada Exports to United States was US$434.88 Billion during 2024, according to the United Nations COMTRADE database on international trade. Canada Exports to United States - data, historical chart and statistics - was last updated on July of 2025.

Switzerland Exports to United States was US$73.88 Billion during 2024, according to the United Nations COMTRADE database on international trade. Switzerland Exports to United States - data, historical chart and statistics - was last updated on July of 2025.

In 2023, electronics, computers, and components exports had the largest value amongst Vietnam's major commodities, at approximately **** billion U.S. dollars. Meanwhile, phones and related components contributed around **** billion U.S. dollars to total export earnings that year.Vietnam – An export-driven country Vietnam had greatly increased its volume and value of international trade since implementing economic reforms, or Đổi Mới in 1986. After Đổi Mới, Vietnam's trade balance recorded its first trade surplus in 2012 at around *** million U.S. dollars. In 2019, Vietnam saw a negative growth rate of worldwide exports for the first time since 2010, with a total export value reaching over ****** billion U.S. dollars that year. The country’s main export partners include the United States, the European Union, China, Japan, and South Korea.International trade agreements In 2019, Vietnam signed several significant trade agreements such as the EU-Vietnam Free Trade Agreement (EVFTA), which led to the reduction of tariffs and customs duties for both Vietnam and the European Union, as well as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which not only gave Canada access to the Vietnamese market, but also facilitated the integration of Vietnam in the global value chain.

The overall value of mineral imports to Mexico in 2023 was estimated to amount to nearly five billion U.S. dollars. In comparison, Mexico's mineral exports that year were estimated to have amounted to nearly 18 billion U.S. dollars. Mexico has an active mining sector, and experienced a trade surplus of almost 13 billion U.S. dollars in 2022.

Vietnam Exports to United States was US$97.07 Billion during 2023, according to the United Nations COMTRADE database on international trade. Vietnam Exports to United States - data, historical chart and statistics - was last updated on July of 2025.

Mexico's light vehicle exports grew in recent years, reaching approximately *** million vehicles in 2024. This figure represents a significant recovery from the pandemic-induced slump in 2020, when exports dropped by **** percent. The steady increase in export volume underscores Mexico's role in the global automotive industry. United States remains the primary export destination The United States continues to be the dominant market for Mexican light vehicle exports, accounting for a staggering **** percent of total exports in 2024. Nearly *** million units were shipped to the U.S., highlighting the strong trade relationship between the two countries in the automotive sector. This concentration of exports to a single market underscores the importance of maintaining robust trade agreements and logistics networks with the United States. Nearshoring is also significant for the Central American country, as General Motors was the largest light vehicle producer in Mexico. Automotive trade balance and regional impact Mexico's automotive industry has maintained a positive trade balance over the past decade, with exports reaching approximately ***** billion U.S. dollars in 2023, a ** percent increase from the previous year. The country's influence extends beyond North America, with Brazil importing nearly *** billion U.S. dollars worth of motor vehicles and auto parts from Mexico in 2023. This diversification of export markets demonstrates Mexico's growing importance as an automotive manufacturing hub and its ability to compete in various international markets.

Indonesia's total Exports in 2023 were valued at US$258.77 Billion, according to the United Nations COMTRADE database on international trade. Indonesia's main export partners were: China, the United States and Japan. The top three export commodities were: Mineral fuels, oils, distillation products; Animal, vegetable fats and oils, cleavage products and Iron and steel. Total Imports were valued at US$221.89 Billion. In 2023, Indonesia had a trade surplus of US$36.89 Billion.

In 2023, the import and export value of the mining, phosphates, and derivatives sector in Tunisia corresponded to approximately 1.4 billion and 2.7 billion Tunisian dinars (around 445 million and 859 million U.S. dollars), respectively. The trade within this industry decreased significantly in 2020 compared to the previous years. Since 2018, the value of exports within the country's mining and phosphates industry exceeded that of imports each year.

The total value of mineral exports from Mexico's mining industry in 2023 was estimated to amount to nearly ** billion U.S. dollars. In comparison, Mexico's mineral imports that year were estimated to have amounted to less than **** billion U.S. dollars. Mexico has an active mining sector, and experienced a trade surplus of almost ** billion U.S. dollars in 2022.

Italy's total Exports in 2024 were valued at US$674.87 Billion, according to the United Nations COMTRADE database on international trade. Italy's main export partners were: Germany, the United States and France. The top three export commodities were: Machinery, nuclear reactors, boilers; Pharmaceutical products and Vehicles other than railway, tramway. Total Imports were valued at US$615.60 Billion. In 2024, Italy had a trade surplus of US$59.27 Billion.

According to preliminary figures, the growth of real gross domestic product (GDP) in China amounted to 5.0 percent in 2024. For 2025, the IMF expects a GDP growth rate of around 3.95 percent. Real GDP growth The current gross domestic product is an important indicator of the economic strength of a country. It refers to the total market value of all goods and services that are produced within a country per year. When analyzing year-on-year changes, the current GDP is adjusted for inflation, thus making it constant. Real GDP growth is regarded as a key indicator for economic growth as it incorporates constant GDP figures. As of 2024, China was among the leading countries with the largest gross domestic product worldwide, second only to the United States which had a GDP volume of almost 29.2 trillion U.S. dollars. The Chinese GDP has shown remarkable growth over the past years. Upon closer examination of the distribution of GDP across economic sectors, a gradual shift from an economy heavily based on industrial production towards an economy focused on services becomes visible, with the service industry outpacing the manufacturing sector in terms of GDP contribution. Key indicator balance of trade Another important indicator for economic assessment is the balance of trade, which measures the relationship between imports and exports of a nation. As an economy heavily reliant on manufacturing and industrial production, China has reached a trade surplus over the last decade, with a total trade balance of around 992 billion U.S. dollars in 2024.