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Topic Overview Largest Countries by Population U.S. States by Population U.S. and World Cities by Population

U.S. Trade Balance 1970-2024

External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
  • U.S. trade balance for 2022 was $-971.12B, a 13.15% increase from 2021.
  • U.S. trade balance for 2021 was $-858.24B, a 37.01% increase from 2020.
  • U.S. trade balance for 2020 was $-626.39B, a 8.28% increase from 2019.
  • U.S. trade balance for 2019 was $-578.50B, a 2.46% decline from 2018.
  
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
Ireland $212.77B
Singapore $192.08B
Saudi Arabia $187.67B
Norway $168.11B
Switzerland $112.14B
Netherlands $108.94B
Australia $96.79B
Qatar $87.17B
Germany $80.32B
Denmark $44.40B
Luxembourg $27.79B
Spain $17.18B
Sweden $16.14B
Israel $15.50B
Hong Kong $14.68B
Poland $12.24B
Puerto Rico $7.56B
Argentina $5.99B
Brunei $4.30B
Uruguay $3.56B
Czech Republic $2.85B
Canada $2.84B
Malta $2.44B
Austria $2.26B
Bermuda $1.99B
Slovenia $1.36B
Aruba $0.21B
South Korea $0.12B
Cyprus $0.09B
Faroe Islands $-0.00B
Iceland $-0.05B
Panama $-0.05B
Antigua and Barbuda $-0.15B
Palau $-0.16B
Seychelles $-0.19B
Estonia $-0.20B
Macao $-0.33B
Barbados $-0.46B
Bahamas $-0.57B
Lithuania $-1.43B
French Polynesia $-1.46B
Latvia $-1.85B
Guam $-3.88B
Croatia $-4.43B
Portugal $-6.14B
Slovak Republic $-6.19B
Finland $-6.74B
Hungary $-7.86B
Belgium $-9.51B
Chile $-11.96B
New Zealand $-13.07B
Greece $-21.16B
Italy $-33.69B
United Kingdom $-82.37B
France $-107.75B
Japan $-160.05B
United States $-971.12B
U.S. Trade Balance - Historical Data
Year Billions of US $ % of GDP
2022 $-971.12B -3.77%
2021 $-858.24B -3.64%
2020 $-626.39B -2.94%
2019 $-578.50B -2.69%
2018 $-593.08B -2.87%
2017 $-543.33B -2.77%
2016 $-503.27B -2.68%
2015 $-524.32B -2.87%
2014 $-508.90B -2.89%
2013 $-478.45B -2.83%
2012 $-551.62B -3.39%
2011 $-579.62B -3.72%
2010 $-532.31B -3.54%
2009 $-419.15B -2.90%
2008 $-740.87B -5.02%
2007 $-735.93B -5.08%
2006 $-786.45B -5.69%
2005 $-739.90B -5.67%
2004 $-634.14B -5.19%
2003 $-521.96B -4.56%
2002 $-439.75B -4.02%
2001 $-376.75B -3.56%
2000 $-381.07B -3.72%
1999 $-259.55B -2.69%
1998 $-162.71B -1.80%
1997 $-101.97B -1.19%
1996 $-96.38B -1.19%
1995 $-89.76B -1.17%
1994 $-92.49B -1.27%
1993 $-65.17B -0.95%
1992 $-34.74B -0.53%
1991 $-28.61B -0.46%
1990 $-77.86B -1.31%
1989 $-86.74B -1.54%
1988 $-109.39B -2.09%
1987 $-144.77B -2.98%
1986 $-131.87B -2.88%
1985 $-114.02B -2.63%
1984 $-102.73B -2.54%
1983 $-51.64B -1.42%
1982 $-19.97B -0.60%
1981 $-12.52B -0.39%
1980 $-13.06B -0.46%
1979 $-22.55B -0.86%
1978 $-25.37B -1.08%
1977 $-23.09B -1.11%
1976 $-1.63B -0.09%
1975 $15.98B 0.95%
1974 $-0.82B -0.05%
1973 $4.11B 0.29%
1972 $-3.37B -0.26%
1971 $0.62B 0.05%
1970 $3.95B 0.37%