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U.S. trade balance for 2022 was $-971.12B, a 13.15% increase from 2021. U.S. trade balance for 2021 was $-858.24B, a 37.01% increase from 2020. U.S. trade balance for 2020 was $-626.39B, a 8.28% increase from 2019. U.S. trade balance for 2019 was $-578.50B, a 2.46% decline from 2018.
The U.S. monthly international trade deficit increased in September 2024 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $70.8 billion in August (revised) to $84.4 billion in September, as exports decreased and imports increased.
The real goods deficit increased $11.6 billion, or 13.1 percent, to $100.1 billion in September, compared to a 15.3 percent increase in the nominal deficit. Real exports of goods decreased $1.8 billion, or 1.2 percent, to $148.2 billion, compared to a 2.0 percent decrease in nominal exports.
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 ...
President Trump has made reducing the U.S. trade deficit a priority, blaming trade deals like NAFTA, but economists disagree over how policymakers should respond.
Overall trade with China last year easily surpassed previous records, and the U.S. trade deficit with China grew 8.3 percent annually to $382.9 billion, the second-highest total on record.
that the goods and services deficit was $84.4 billion in September, up $13.6 billion from $70.8 billion in August, revised. Exports, Imports , and Balance (Exhibit 1) ... Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR): Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua.
The balance of trade of the United States moved into substantial deficit from the late 1990s, especially with China and other Asian countries. This has been accompanied by a relatively low savings ratio and high levels of government and corporate debt .
Graph and download economic data for Trade Balance: Goods and Services, Balance of Payments Basis (BOPGSTB) from Jan 1992 to Sep 2024 about BOP, balance, headline figure, trade, goods, services, and USA.
Table reflects only those months for which there was trade.