United States Balance of Trade

Last Release

Jul 31, 2025

Actual

-78.31

Units In

USD Million

-60.18

Frequency

Monthly

Next Release

Oct 07, 2025

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
1,946 Jun 1975	-109,802 Mar 2022	-16,608.28 USD Million	1950-2025	U.S. Census Bureau

The United States has been running consistent trade deficits since 1976 due to high imports of oil and consumer products. In 2018, the biggest trade deficits were recorded with China, Mexico, Germany, Japan, Ireland, Vietnam and Italy and the biggest trade surpluses with Hong Kong, Netherlands, Australia, United Arab Emirates, Belgium, Brazil and Panama. China is the top trading partner, accounting for 16 percent of total trade, followed by Canada (15 percent) and Mexico (15 percent).

Latest Updates

U.S. President Donald Trump and Malaysian Prime Minister Anwar Ibrahim signed a trade and critical minerals agreement on Sunday aimed at deepening economic ties and countering China’s tightening control over rare earth supplies. The deal, signed in Kuala Lumpur, seeks to expand trade across agriculture, technology, and services as Malaysia modifies its tariffs and non-tariff barriers, said US Trade Representative Jamieson Greer. He added that the critical minerals pact would ensure trade and investment in rare earths remain “as free as possible and resilient as possible.” Anwar hailed the agreements as “a significant milestone” that would strengthen bilateral relations beyond trade cooperation.