Where Data Tells the Story
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In 2024, U.S. goods trade reached $5.38 trillion, with exports rising 1.9% YoY to $2.08 trillion and imports increasing 6.0% YoY to $3.30 trillion. This widened the U.S. trade deficit to $1.21 trillion—a 14.0% YoY increase. The largest trade deficits were recorded with China ($295 billion), the European Union ($236 billion), and North America ($235 billion).