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

1 Months 0 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 US trade gap widened sharply to $78.3 billion in July 2025, the highest in four months, compared to a revised $59.1 billion gap in June and forecasts for a $75.7 billion shortfall. Exports rose a meagre 0.3% to $280.5 billion, led by nonmonetary gold, computer accessories, civilian aircraft, trucks, buses, charges for the use of intellectual property and government goods and services. In contrast, sales fell for finished metal shapes, and excavating machinery. Imports jumped 5.9% to 358.8 billion, led by purchases of nonmonetary gold, computers, telecommunications equipment, jewellery and transport. Purchases fell for pharmaceutical preparations, semiconductors, trucks, buses, and special purpose vehicles, and passenger cars. The largest trade deficits were recorded with Mexico ($16.6 billion), Vietnam ($16.1 billion), China ($14.7 billion), and Taiwan ($13.5 billion). The US also ran deficits of $8.6 billion with the EU, $5.5 billion with India, and $5.4 billion with Canada.