Friday, March 6, 2020

United States Balance of Trade

The United States recorded a trade deficit of 45300 USD Million in January of 2020. Balance of Trade in the United States averaged -15172.52 USD Million from 1950 until 2020, reaching an all time high of 1946 USD Million in June of 1975 and a record low of -67823 USD Million in August of 2006. 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). This page provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.