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The U.S. Trade Balance With Every Country

Here's the latest data on the U.S. trade-in-goods surplus and deficits by country.

By Jack CaporalUpdated Aug 6, 2025 at 1:45 PM

Key Points

  • U.S. had a $1.2 trillion trade-in-goods deficit in 2024, with large deficits with China and Mexico.
  • Major surpluses were noted with The Netherlands and Hong Kong.
  • Key influences include U.S.'s high domestic consumption and strong dollar.

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