United States Balance of Trade

Last Release

Jul 31, 2025

Actual

-78.31

Units In

USD Million

-60.18

Frequency

Monthly

Next Release

Jan 29, 2026

Time to Release

13 Days 13 Hours

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

The U.S. and Taiwan signed a trade agreement on Thursday to boost American semiconductor production in exchange for lower tariffs. Under the arrangement, Taiwan Semiconductor Manufacturing will build several new factories in Arizona as part of a USD 250 billion U.S. investment, according to the U.S. Department of Commerce. In return, the U.S. will cut tariffs on Taiwanese goods to 15% from 20% and exempt chipmakers like TSMC that expand operations in America. The treaty adds to recent agreements with the European Union and Japan.