The US imported more than it exported to 15 of its top 20 trade partners in 2023

The US typically imports more than it exports. In 2023, the US imported $1 trillion more in goods than it exported, marking the sixth straight year of a trade deficit in the trillions (adjusting for inflation).

In two-thirds of its trade relationships with at least $10 billion in two-way trade, the US imported more than it exported — a trade deficit.

The highest trade deficits were with China ($279 billion), Mexico ($152 billion), and Vietnam ($105 billion).

Of course, that means that with one-third of trade partners, the US exported more than it imported, creating a trade surplus. The US had its largest surpluses with the Netherlands ($43 billion), Hong Kong ($24 billion), the United Arab Emirates ($18 billion), and Australia ($18 billion).