EconomyAug 26, 2024
📈 U.S. Global Trade Balance in 2023
@Soltani
In 2023, the U.S. goods trade deficit amounted to $1.153 trillion. The deficit with China reached $300 billion, representing 26% of the total. The trade deficits with NAFTA partners—Mexico ($157 billion) and Canada ($78 billion)—together accounted for 20.4% of the total. The European Union followed, with a trade deficit of $220 billion, making up 19.1% of the total.
Dataset
| U.S. Global Trade Balance in 2023 | |
|---|---|
| Billion US$ | |
| Trade Balance | |
| World | (1,153.4) |
| China | (300.2) |
| Mexico | (156.9) |
| Viet Nam | (109.1) |
| Germany | (86.4) |
| Canada | (78.4) |
| Japan | (75.4) |
| Ireland | (65.8) |
| Korea, Republic of | (54.9) |
| Taiwan | (50.1) |
| India | (47.2) |
| Italy | (46.3) |
| Thailand | (43.0) |
| Malaysia | (27.9) |
| Switzerland | (24.9) |
| Indonesia | (18.2) |
| Austria | (14.1) |
| France | (13.7) |
| Cambodia | (11.8) |
| Sweden | (10.2) |
| Slovakia | (8.005) |
| Hungary | (7.876) |
| Israel | (7.131) |
| South Africa | (7.111) |
| Iraq | (6.683) |
| Denmark | (6.571) |
| Bangladesh | (6.417) |
| Finland | (4.717) |
| Portugal | (4.472) |
| Philippines | (4.399) |
| Russian Federation | (4.305) |
| Slovenia | (3.587) |
| Nigeria | (3.251) |
| Czech Republic | (3.207) |
| Pakistan | (3.111) |
| Romania | (2.830) |
| Saudi Arabia | (2.636) |
| Poland | (2.616) |
| Sri Lanka | (2.610) |
| Nicaragua | (2.544) |
| Guyana | (2.001) |
| Algeria | (1.936) |
| Türkiye | (1.827) |
| Costa Rica | (1.689) |
| Jordan | (1.465) |
| New Zealand | (1.437) |
| Norway | (1.347) |
| Venezuela | (1.323) |
| Ecuador | (1.272) |
| Kazakhstan | (1.157) |
| Libya, State of | (1.122) |
| Bulgaria | (1.111) |
| Trinidad and Tobago | (1.080) |
| Ghana | (0.887) |
| Myanmar | (0.730) |
| Madagascar | (0.676) |
| Angola | (0.610) |
| Serbia | (0.581) |
| Côte d'Ivoire | (0.458) |
| Estonia | (0.439) |
| Botswana | (0.433) |
| Greece | (0.426) |
| Kenya | (0.425) |
| Iceland | (0.384) |
| Tunisia | (0.333) |
| Faroe Islands | (0.300) |
| Ukraine | (0.293) |
| Lao People's Democratic Republic | (0.268) |
| Fiji | (0.258) |
| Macedonia, North | (0.234) |
| Lesotho | (0.228) |
| Equatorial Guinea | (0.211) |
| Mauritius | (0.208) |
| Bosnia and Herzegovina | (0.135) |
| Brunei Darussalam | (0.105) |
| Republic of Congo | (0.104) |
| Democratic Republic of Congo | (0.091) |
| Zimbabwe | (0.082) |
| Nepal | (0.081) |
| Zambia | (0.063) |
| Chad | (0.055) |
| Kosovo | (0.052) |
| Andorra | (0.047) |
| Moldova | (0.043) |
| Belarus | (0.033) |
| Malawi | (0.029) |
| Falkland Islands (Malvinas) | (0.027) |
| Mozambique | (0.022) |
| Greenland | (0.021) |
| Saint Helena | (0.007) |
| Niue | (0.005) |
| Palestine, State of | (0.005) |
| French Southern and Antarctic Territories | (0.003) |
| Burundi | (0.002) |
| Comoros | (0.002) |
| Cocos (Keeling) Islands | (0.002) |
| Tokelau | (0.001) |
| Rwanda | (0.001) |
| Tuvalu | (0.001) |
| Norfolk Island | (0.001) |
| Sao Tome and Principe | (0.000) |
| South Sudan | 0.057 |
| Nauru | 0.000 |
| Saint Pierre and Miquelon | 0.000 |
| Korea, Democratic People's Republic of | 0.000 |
| Uganda | 0.002 |
| Wallis and Futuna Islands | 0.002 |
| Syrian Arab Republic | 0.002 |
| Bhutan | 0.003 |
| British Indian Ocean Territory | 0.003 |
| Guinea-Bissau | 0.003 |
| Pitcairn | 0.004 |
| Cook Islands | 0.005 |
| Eswatini | 0.007 |
| Vanuatu | 0.007 |
| Kiribati | 0.008 |
| Solomon Islands | 0.008 |
| Montserrat | 0.014 |
| Tonga | 0.014 |
| Central African Republic | 0.015 |
| Timor-Leste | 0.016 |
| Palau | 0.020 |
| Seychelles | 0.020 |
| Samoa | 0.026 |
| Montenegro | 0.029 |
| Afghanistan | 0.029 |
| Niger | 0.031 |
| Eritrea | 0.031 |
| New Caledonia | 0.039 |
| Marshall Islands | 0.039 |
| Namibia | 0.041 |
| Burkina Faso | 0.042 |
| Christmas Island | 0.044 |
| Papua New Guinea | 0.048 |
| Somalia | 0.050 |
| Armenia | 0.050 |
| Micronesia, Federated States of | 0.050 |
| Maldives | 0.055 |
| Turkmenistan | 0.055 |
| Cabo Verde | 0.055 |
| South Sudan | 0.057 |
| Iran | 0.057 |
| Albania | 0.058 |
| Gambia | 0.069 |
| Anguilla | 0.069 |
| Dominica | 0.070 |
| Cameroon | 0.076 |
| Sierra Leone | 0.080 |
| Bolivia | 0.081 |
| Gabon | 0.091 |
| Sudan | 0.093 |
| Mali | 0.093 |
| Croatia | 0.103 |
| Oman | 0.103 |
| Tajikistan | 0.117 |
| French Polynesia | 0.118 |
| Kyrgyzstan | 0.128 |
| Cyprus | 0.133 |
| Mongolia | 0.137 |
| Djibouti | 0.143 |
| Saint Kitts and Nevis | 0.156 |
| Mauritania | 0.158 |
| Guinea | 0.169 |
| Saint Vincent and the Grenadines | 0.169 |
| Yemen | 0.172 |
| Senegal | 0.179 |
| Libya | 0.184 |
| Grenada | 0.185 |
| Malta | 0.194 |
| Tanzania | 0.227 |
| Benin | 0.227 |
| Gibraltar | 0.250 |
| Uzbekistan | 0.271 |
| Togo | 0.292 |
| Latvia | 0.334 |
| Lebanon | 0.337 |
| Macao, China | 0.388 |
| Cuba | 0.400 |
| Suriname | 0.401 |
| Haiti | 0.441 |
| British Virgin Islands | 0.443 |
| Bahrain | 0.445 |
| Azerbaijan | 0.470 |
| Bermuda | 0.534 |
| Turks and Caicos Islands | 0.583 |
| Belize | 0.591 |
| Colombia | 0.594 |
| Aruba | 0.622 |
| Saint Lucia | 0.647 |
| Lithuania | 0.664 |
| Barbados | 0.666 |
| Ethiopia | 0.695 |
| Spain | 0.917 |
| Honduras | 0.955 |
| Antigua and Barbuda | 0.964 |
| Uruguay | 0.964 |
| Kuwait | 1.138 |
| Curaçao | 1.190 |
| Cayman Islands | 1.252 |
| Georgia | 1.394 |
| Luxembourg | 1.647 |
| El Salvador | 1.692 |
| Singapore | 1.735 |
| Egypt | 1.946 |
| Morocco | 1.981 |
| Chile | 2.101 |
| Jamaica | 2.218 |
| Paraguay | 2.492 |
| Qatar | 2.528 |
| Peru | 2.738 |
| Bahamas | 3.708 |
| Brazil | 3.810 |
| Guatemala | 4.445 |
| Argentina | 4.712 |
| Dominican Republic | 5.786 |
| United Kingdom | 8.603 |
| Panama | 10.7 |
| Belgium | 15.3 |
| Australia | 17.3 |
| United Arab Emirates | 18.0 |
| Hong Kong, China | 23.5 |
| Netherlands | 42.8 |
Data sources
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