United States Balance of Trade

Last Release

Jul 31, 2025

Actual

-78.31

Units In

USD Million

-60.18

Frequency

Monthly

Next Release

Dec 04, 2025

Time to Release

27 Days 4 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. is moving ahead with President Donald Trump’s plan to pause penalties targeting China’s shipbuilding industry, a key concession in his interim trade pact with President Xi Jinping. The Office of the U.S. Trade Representative announced on Thursday that it is seeking public feedback on a one-year truce that would suspend tariffs on Chinese imports, including ship-to-shore cranes and intermodal chassis, as well as fees on Chinese-built and -operated merchant ships docking at U.S. ports. In return, China has agreed to halt its retaliatory measures following last week’s meeting between Trump and Xi. The move effectively freezes for a year any new tariffs or penalties linked to a U.S. probe into China’s maritime, logistics, and shipbuilding sectors.