Ranked: America’s Services Trade Balances with Its Free Trade Partners

What We're Showing

America's sizable goods trade deficits have dominated headlines lately, with Trump making them a cornerstone of his geopolitical agenda. Yet this narrow focus overlooks a critical part of the equation.

This visualization, created in partnership with the Hinrich Foundation, provides visual context to the substantial surpluses the U.S. earns from services trade, using data from the Bureau of Economic Analysis.

Key Takeaways

• America’s goods trade balance, a major focus of Trump's, tells only half the story.
• The U.S. maintains a consistent services trade surplus with 16 of its 20 free trade partners.
• The largest surpluses are with Canada ($34.9 billion), Singapore ($27.2 billion), Australia ($16.0 billion), South Korea ($10.7 billion), and Mexico ($2.5 billion).