United States Balance Of TradeUnited States Balance Of TradeUnited States Balance Of Trade

United States Balance Of Trade

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Key data points


Last release
Observation period
Aug 2024
Next release
Forecast
‪−71.90 B‬USD
Highest
‪1.95 B‬USD on Jun 30, 1975
Lowest
‪−102.54 B‬USD on Mar 31, 2022

About United States Balance Of Trade


Category
Trade
Frequency
Monthly
Units
USD
The United States has been running consistent trade deficits since 1976 due to high imports of oil and consumer products. In 2022, the biggest trade deficits are recorded with China, Mexico, Vietnam, Canada, Germany, Japan, and Ireland, and the biggest trade surpluses with the Netherlands, Hong Kong, Brazil, Singapore, Australia, and United Kingdom. Canada is the top trading partner, accounting for 15 percent of total trade, followed by Mexico (14 percent) and China (13 percent).