Premium Statistic Net trade in goods APAC 2020, by country or region; Premium Statistic "United States goods trade deficit with China from 2013 to 2021 (in billion U.S. or use our feedback form! "China Exports, Imports, and Trade Balance by Country - 2018." This is significantly higher than the number has ever been in any corresponding period. The deficit with Canada decreased $2.5 billion to $7.3 billion in June. Deficit: $67.4 Billion Exports: $258.9 Billion Imports: $326.3 Billion. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. Deficit: $67.4 Billion Exports: $258.9 Billion Imports: $326.3 Billion. A trade surplus is the opposite. It reflected a decrease in the goods deficit of $3.4 billion to $87.6 billion and a decrease in the services surplus of $0.4 billion to $20.2 billion. The countrys services trade deficit was recorded at $361 million for August 2022. The most well-known U.S. regional trade agreement is the United States-Mexico-Canada Agreement (USMCA) which replaced the North America Free Trade Agreement (NAFTA) effective July 1, 2020. Efforts focus on encouraging shellfish aquaculture, advancing science and research, and promoting Imports surged 8.7 percent year-on-year to USD 61.16 billion amid higher commodity prices, while exports rose at a slower 4.9 percent to USD 35.45 billion. Florida Cedar Key farmed clams. Publications related to International trade Statistical bulletins. Much of this increase in trade can be explained by reductions in barriers to international exchange, such as tariffs and quotas. Publications related to International trade Statistical bulletins. This was the 14th straight month of the deficit which was the longest stretch since 2015, adding to concerns over the strength of the countrys economic recovery. Exhibit 4s- Trade by Country and Area - Current Year XLSX - 20kb; Exhibit 4as- Trade by Country and Area - Prior Year XLSX - 20kb; August 2022 Trade in Goods and Services. Japan's trade deficit surged to JPY 2,094.0 billion in September 2022 from a JPY of 636.9 billion in the same month a year earlier and compared with market consensus of a gap of JPY 2,167.4 billion. The downloadable data relating to this figure, UK trade deficit and surplus by country, 2016 was incorrectly linked to the previous figure. Annual Trade Deficit . Contact the International Trade Macro Analysis Branch: Email us! The National Shellfish Initiative aims to increase populations of bivalve shellfish (oysters, clams, and mussels) in our nation's coastal waters through commercial production and conservation activities. UK trade: August 2022 Total value of UK exports and imports of goods and services in current prices, chained volume measures and implied deflators. Month Exports Imports Balance; January 1985 -167.9 : February 1985 -384.5 : Trade in Goods and Services. World Integrated Trade Solution. Next release: November 3, 2022 Complete Release Schedule. Publications related to International trade Statistical bulletins. Since the U.S. exports to China were only $106.5 billion, there's a $345 billion U.S. trade deficit with China. The advantages and disadvantages of free trade agreements affect jobs, business growth, and living standards. Hugh Peyman. UK Trade in Goods by Classification of Product by Activity CPA(08): Quarter 2 (April to June) 2015 Select country. states. As of 2016, about 60 out of 200 countries have a trade surplus. U.S. Trade in Goods by Country. Imports are any goods and services produced in a foreign country, even if these are produced overseas by a domestic company. Next release: November 3, 2022 Complete Release Schedule. The downloadable data relating to this figure, UK trade deficit and surplus by country, 2016 was incorrectly linked to the previous figure. Efforts focus on encouraging shellfish aquaculture, advancing science and research, and promoting The Center for American Progress is dedicated to improving the lives of Americans through progressive ideas and action. Florida Cedar Key farmed clams. From 1800-1870, the United States ran a trade deficit for all but three years and the trade balance averaged about 2.2 percent of GDP. Chart. Exports rose 9.2 percent from a year earlier to USD 22.61 billion, driven by manufacturing sales (10 percent). Balance by Partner Country; Country/Product Trade; State/Metropolitan Data; Historical Series; Notices and Corrections; Table reflects only those months for which there was trade. On 30 December 2020, the EU and China concluded in principle the negotiations on the Comprehensive Agreement on Investment (CAI). UK trade: August 2022 Total value of UK exports and imports of goods and services in current prices, chained volume measures and implied deflators. Imports surged 8.7 percent year-on-year to USD 61.16 billion amid higher commodity prices, while exports rose at a slower 4.9 percent to USD 35.45 billion. The services exports clocked in at $575 million and imports at $936 million recording a deficit of $361 million. Government deficit spending was first identified as a necessary economic tool by John The advantages and disadvantages of free trade agreements affect jobs, business growth, and living standards. The UK trade deficit widened to GBP 7.1 billion in August of 2022 from a downwardly revised GBP 5.4 billion in the previous month. John Maynard Keynes, 1st Baron Keynes, CB, FBA (/ k e n z / KAYNZ; 5 June 1883 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Annual Trade Deficit . Exports increased 5.7 percent year-on-year, the least since April, due to weakening external demand amid surging prices and higher borrowing costs; while imports edged up a meager 0.3 percent, as domestic Post-war trade liberalization has led to widespread benefits, including higher income levels, lower prices, and From 1800-1870, the United States ran a trade deficit for all but three years and the trade balance averaged about 2.2 percent of GDP. Hugh Peyman. The downloadable data relating to this figure, UK trade deficit and surplus by country, 2016 was incorrectly linked to the previous figure. Exports increased $1.0 billion to $30.5 billion and imports decreased $1.5 billion to $37.7 billion. Chart. The United States has the largest trade deficit in the world. In other words, a country with a trade deficit spends more money in a year than it receives from its exports. As of August 2021, the country's trade deficit totaled $73.3 billion, according to the U.S. Census Bureau. Next release: November 3, 2022 Complete Release Schedule The deficit with China decreased $12.0 billion to $100.8 billion in the second quarter. India's trade deficit was downwardly revised to USD 25.71 billion in September of 2022, compared to a preliminary estimate of USD 28.72 billion and USD 22.47 billion a year earlier. One of the most The United States has the largest trade deficit in the world. Efforts focus on encouraging shellfish aquaculture, advancing science and research, and promoting The most well-known U.S. regional trade agreement is the United States-Mexico-Canada Agreement (USMCA) which replaced the North America Free Trade Agreement (NAFTA) effective July 1, 2020. August 2022 Trade in Goods and Services. Since the U.S. exports to China were only $106.5 billion, there's a $345 billion U.S. trade deficit with China. It reflected a decrease in the goods deficit of $3.4 billion to $87.6 billion and a decrease in the services surplus of $0.4 billion to $20.2 billion. This is significantly higher than the number has ever been in any corresponding period. Month Exports Imports Balance; January 1985 : 141.7 : 355.4 -213.7 : February 1985 Trade in Goods and Services. Premium Statistic Net trade in goods APAC 2020, by country or region; Premium Statistic "United States goods trade deficit with China from 2013 to 2021 (in billion U.S. Imports of services went up by 0.1%. Balance by Partner Country; Country/Product Trade; State/Metropolitan Data; Historical Series; Notices and Corrections; Table reflects only those months for which there was trade. A trade deficit can then occur even if all of the imports are being sold by, and sending profit to, a domestic firm. Rank Country CAB (Million US dollars) On 30 December 2020, the EU and China concluded in principle the negotiations on the Comprehensive Agreement on Investment (CAI). By 2018, it had increased to $418.9 billion before falling to $345.2 billion in 2019. The balance with Switzerland shifted from a deficit of $7.0 billion in the first quarter to a surplus of $1.8 billion in the second quarter. Balance by Partner Country; Country/Product Trade; State/Metropolitan Data; Historical Series; Notices and Corrections; U.S. trade in goods with China . If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. Montenegros trade gap widened by 48% in the first nine months of 2022, to 3.16 billion euro ($3.14 billion), the country's statistical office said on Friday.Exports rose 72% year-on-year to 520.3 mi The National Shellfish Initiative aims to increase populations of bivalve shellfish (oysters, clams, and mussels) in our nation's coastal waters through commercial production and conservation activities. UK trade: August 2022 Total value of UK exports and imports of goods and services in current prices, chained volume measures and implied deflators. as listed in the CIA World Factbook. Balance by Partner Country; Country/Product Trade; State/Metropolitan Data; Historical Series; Notices and Corrections; U.S. trade in goods with China . Exports decreased $2.8 billion to $47.1 billion and imports decreased $14.8 billion to $147.9 billion. U.S. trade deficit (in billions, goods and services) by country in 2017. Month Exports Imports Balance; January 1985 : February 1985 : March 1985 : Trade in Goods and Services. Montenegros trade gap widened by 48% in the first nine months of 2022, to 3.16 billion euro ($3.14 billion), the country's statistical office said on Friday.Exports rose 72% year-on-year to 520.3 mi The largest trade deficit is with Germany. China is expected to conform to fair trade practices, to respect intellectual property rights, and to meet its obligations as a member of the World Trade Organization (WTO). The trade deficit in the US narrowed to $67.4 billion in August of 2022, the lowest since May last year, and slightly below market forecasts of a $67.7 billion gap. Since the end of World War II, growth in annual real global trade has outpaced GDP growth, growing on average 1.5 times faster. Japan's trade deficit surged to JPY 2,094.0 billion in September 2022 from a JPY of 636.9 billion in the same month a year earlier and compared with market consensus of a gap of JPY 2,167.4 billion. Imports advanced by 4.3% over a month earlier to a record high of GBP 75.3 billion, as goods purchases surged by 5.7%, largely due to soaring gas prices. Trade deficits are not per se good or bad, although many countries seek a trade surplus, including by setting up tariffs and quotas to artificially boost their trade balance, a practice known as mercantilism. A trade surplus is the opposite. One of the most The services exports clocked in at $575 million and imports at $936 million recording a deficit of $361 million. The U.S. trade deficit with China was $315.1 billion in 2012 and rose to $367.3 billion by 2015 before dropping to $346.8 billion the following year. Exports rose 9.2 percent from a year earlier to USD 22.61 billion, driven by manufacturing sales (10 percent). Month Exports Imports Balance; January 1985 -167.9 : February 1985 -384.5 : Trade in Goods and Services. U.S. trade deficit (in billions, goods and services) by country in 2017. The U.S. monthly international trade deficit decreased in August 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. Balance by Partner Country; Country/Product Trade; State/Metropolitan Data; Historical Series; Notices and Corrections; Table reflects only those months for which there was trade. Exports increased $1.0 billion to $30.5 billion and imports decreased $1.5 billion to $37.7 billion. Balance by Partner Country; Country/Product Trade; State/Metropolitan Data; Historical Series; Notices and Corrections; Table reflects only those months for which there was trade. Exports decreased $2.8 billion to $47.1 billion and imports decreased $14.8 billion to $147.9 billion. Exhibit 4s- Trade by Country and Area - Current Year XLSX - 20kb; Exhibit 4as- Trade by Country and Area - Prior Year XLSX - 20kb; August 2022 Trade in Goods and Services. Starting in about 1970, the United States began to run trade deficits again, which have continued to this day. The top partner country for exports was Germany (USD 2.3 billion). Deficit: $67.4 Billion Exports: $258.9 Billion Imports: $326.3 Billion. The United States has been running the world's largest trade deficit. The U.S. monthly international trade deficit decreased in August 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $70.5 billion in July (revised) to $67.4 billion in August, as imports decreased more than exports. "China Exports, Imports, and Trade Balance by Country - 2018." Post-war trade liberalization has led to widespread benefits, including higher income levels, lower prices, and NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. This is a list of the 20 countries and territories with the largest deficit in current account balance (CAB), based on data from 2019 est. UK Trade in Goods by Classification of Product by Activity CPA(08): Quarter 2 (April to June) 2015 Turkeys trade deficit widened to USD 9.6 billion in September of 2022 from USD 2.6 billion in the corresponding period of the previous year. Indias merchandise trade deficit, in the April-August period of the current fiscal year was $124.7 billion. Hugh Peyman. Balance by Partner Country; Country/Product Trade; State/Metropolitan Data; Historical Series; Notices and Corrections; Table reflects only those months for which there was trade. Then from 1870-1970, it ran persistent trade surpluses that averaged about 1.1 percent of GDP. Trade in Goods and Services. China is expected to conform to fair trade practices, to respect intellectual property rights, and to meet its obligations as a member of the World Trade Organization (WTO). Imports climbed Contact the International Trade Macro Analysis Branch: Email us! Export Training. Deficit: $67.4 Billion Exports: $258.9 Billion Imports: $326.3 Billion. The previously published July deficit was $70.6 billion. Japan's trade deficit surged to JPY 2,094.0 billion in September 2022 from a JPY of 636.9 billion in the same month a year earlier and compared with market consensus of a gap of JPY 2,167.4 billion. The deficit with Canada decreased $2.5 billion to $7.3 billion in June. A trade surplus is the opposite. Many nations around the world have trade deficits, including the United Kingdom, Mexico, Brazil, and the United States. In other words, a country with a trade deficit spends more money in a year than it receives from its exports. Deficit: $67.4 Billion Exports: $258.9 Billion Imports: $326.3 Billion. The top partner country for exports was Germany (USD 2.3 billion). Meanwhile, exports rose by 2.2% to an all-time high of GBP 68.2 NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. As of 2016, about 60 out of 200 countries have a trade surplus. The U.S. goods and services trade deficit with Mexico in 2021 was USD 111.5 billion. Imports surged 8.7 percent year-on-year to USD 61.16 billion amid higher commodity prices, while exports rose at a slower 4.9 percent to USD 35.45 billion. Trade in Goods and Services. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Deficit: $67.4 Billion Exports: $258.9 Billion Imports: $326.3 Billion. Balance of Trade in India averaged -3.21 USD Billion Exports increased 5.7 percent year-on-year, the least since April, due to weakening external demand amid surging prices and higher borrowing costs; while imports edged up a meager 0.3 percent, as domestic Within the budgetary process, deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit, or budget deficit; the opposite of budget surplus.The term may be applied to the budget of a government, private company, or individual. Meantime, imports jumped at a faster 38.1 percent to USD 32.21 Imports of services went up by 0.1%. Export Training. Select country. India's trade deficit was downwardly revised to USD 25.71 billion in September of 2022, compared to a preliminary estimate of USD 28.72 billion and USD 22.47 billion a year earlier. In 2018, China shipped $302.9 billion to Hong Kong and $147.2 billion to Japan. Balance of Trade in India averaged -3.21 USD Billion This has now been corrected, the figure and everything else in this release has not been affected. Trade deficits are not per se good or bad, although many countries seek a trade surplus, including by setting up tariffs and quotas to artificially boost their trade balance, a practice known as mercantilism. In 2018, China shipped $302.9 billion to Hong Kong and $147.2 billion to Japan. Imports are any goods and services produced in a foreign country, even if these are produced overseas by a domestic company. Meanwhile, exports rose by 2.2% to an all-time high of GBP 68.2 The deficit decreased from $70.5 billion in July (revised) to $67.4 billion in August, as imports decreased more than exports. Next release: November 3, 2022 Complete Release Schedule America has exported $100 million to France and imported $120 million from Franceresulting in a so-called trade deficit of $20 million. Month Exports Imports Balance; January 1985 : February 1985 : March 1985 : Trade in Goods and Services. The balance with Switzerland shifted from a deficit of $7.0 billion in the first quarter to a surplus of $1.8 billion in the second quarter. Annual Trade Deficit . The deficit with Canada decreased $2.5 billion to $7.3 billion in June. Month Exports Imports Balance; January 1985 : 141.7 : 355.4 -213.7 : February 1985 Trade in Goods and Services. Select country. This was the 14th straight month of the deficit which was the longest stretch since 2015, adding to concerns over the strength of the countrys economic recovery. One of the most U.S. Trade in Goods by Country. A trade deficit can then occur even if all of the imports are being sold by, and sending profit to, a domestic firm. As of August 2021, the country's trade deficit totaled $73.3 billion, according to the U.S. Census Bureau. The previously published July deficit was $70.6 billion. Next release: November 3, 2022 Complete Release Schedule By 2018, it had increased to $418.9 billion before falling to $345.2 billion in 2019. Exports increased 5.7 percent year-on-year, the least since April, due to weakening external demand amid surging prices and higher borrowing costs; while imports edged up a meager 0.3 percent, as domestic dollars)." The largest trade deficit is with Germany. Exports rose 9.2 percent from a year earlier to USD 22.61 billion, driven by manufacturing sales (10 percent). Imports of services went up by 0.1%. Government deficit spending was first identified as a necessary economic tool by John August 2022 Trade in Goods and Services. Mexico is the first, second, or third largest destination for merchandise exports from the 32U.S. states. Credit: NOAA Fisheries/Adriane Michaelis. "China Exports, Imports, and Trade Balance by Country - 2018." As of 2016, about 60 out of 200 countries have a trade surplus. This has now been corrected, the figure and everything else in this release has not been affected. or use our feedback form! World Integrated Trade Solution. Indias merchandise trade deficit, in the April-August period of the current fiscal year was $124.7 billion. A trade deficit occurs when a country or trading blocs imports exceed its exports. Next release: November 3, 2022 Complete Release Schedule. Issues. Exhibit 4s- Trade by Country and Area - Current Year XLSX - 20kb; Exhibit 4as- Trade by Country and Area - Prior Year XLSX - 20kb; August 2022 Trade in Goods and Services. Mexico is the first, second, or third largest destination for merchandise exports from the 32U.S. If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. The deficit decreased from $70.5 billion in July (revised) to $67.4 billion in August, as imports decreased more than exports. The previously published July deficit was $70.6 billion. The United States has the largest trade deficit in the world. The U.S. trade deficit with China was $315.1 billion in 2012 and rose to $367.3 billion by 2015 before dropping to $346.8 billion the following year. The most well-known U.S. regional trade agreement is the United States-Mexico-Canada Agreement (USMCA) which replaced the North America Free Trade Agreement (NAFTA) effective July 1, 2020. World Integrated Trade Solution. Much of this increase in trade can be explained by reductions in barriers to international exchange, such as tariffs and quotas. A trade deficit is a result of a country's importing more than it exports. The U.S. monthly international trade deficit decreased in August 2022 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. A trade deficit occurs when a country or trading blocs imports exceed its exports. By 2018, it had increased to $418.9 billion before falling to $345.2 billion in 2019. The countrys services trade deficit was recorded at $361 million for August 2022. In 2018, China shipped $302.9 billion to Hong Kong and $147.2 billion to Japan. In other words, a country with a trade deficit spends more money in a year than it receives from its exports. Imports advanced by 4.3% over a month earlier to a record high of GBP 75.3 billion, as goods purchases surged by 5.7%, largely due to soaring gas prices. Deficit: $67.4 Billion Exports: $258.9 Billion Imports: $326.3 Billion. China's trade surplus widened to USD 84.74 billion in September 2022 from USD 67.05 billion in the same month a year earlier, and above market forecasts of USD 81 billion. Balance by Partner Country; Country/Product Trade; State/Metropolitan Data; Historical Series; Notices and Corrections; Table reflects only those months for which there was trade. This was the 14th straight month of the deficit which was the longest stretch since 2015, adding to concerns over the strength of the countrys economic recovery. Balance by Partner Country; Country/Product Trade; State/Metropolitan Data; Historical Series; Notices and Corrections; Table reflects only those months for which there was trade. Starting in about 1970, the United States began to run trade deficits again, which have continued to this day. A trade deficit can then occur even if all of the imports are being sold by, and sending profit to, a domestic firm. The U.S. goods and services trade deficit with Mexico in 2021 was USD 111.5 billion. This has now been corrected, the figure and everything else in this release has not been affected. Florida Cedar Key farmed clams. The UK trade deficit widened to GBP 7.1 billion in August of 2022 from a downwardly revised GBP 5.4 billion in the previous month. China's trade surplus widened to USD 84.74 billion in September 2022 from USD 67.05 billion in the same month a year earlier, and above market forecasts of USD 81 billion. Month Exports Imports Balance; January 1985 -167.9 : February 1985 -384.5 : Trade in Goods and Services. states. as listed in the CIA World Factbook. Then from 1870-1970, it ran persistent trade surpluses that averaged about 1.1 percent of GDP. The top partner country for exports was Germany (USD 2.3 billion). As of August 2021, the country's trade deficit totaled $73.3 billion, according to the U.S. Census Bureau. A trade deficit occurs when a country or trading blocs imports exceed its exports. Balance by Partner Country; Country/Product Trade; State/Metropolitan Data; Historical Series; Notices and Corrections; Table reflects only those months for which there was trade. Exports decreased $2.8 billion to $47.1 billion and imports decreased $14.8 billion to $147.9 billion. Many nations around the world have trade deficits, including the United Kingdom, Mexico, Brazil, and the United States. Indias merchandise trade deficit, in the April-August period of the current fiscal year was $124.7 billion. Exports increased $1.0 billion to $30.5 billion and imports decreased $1.5 billion to $37.7 billion. dollars)." Balance by Partner Country; Country/Product Trade; State/Metropolitan Data; Historical Series; Notices and Corrections; Table reflects only those months for which there was trade. Since the U.S. exports to China were only $106.5 billion, there's a $345 billion U.S. trade deficit with China. The deficit with China decreased $12.0 billion to $100.8 billion in the second quarter. or use our feedback form! From 1800-1870, the United States ran a trade deficit for all but three years and the trade balance averaged about 2.2 percent of GDP. Premium Statistic Net trade in goods APAC 2020, by country or region; Premium Statistic "United States goods trade deficit with China from 2013 to 2021 (in billion U.S. This is significantly higher than the number has ever been in any corresponding period. The National Shellfish Initiative aims to increase populations of bivalve shellfish (oysters, clams, and mussels) in our nation's coastal waters through commercial production and conservation activities. U.S. Trade in Goods by Country. Imports advanced by 4.3% over a month earlier to a record high of GBP 75.3 billion, as goods purchases surged by 5.7%, largely due to soaring gas prices. Total, All Countries, Seasonally Adjusted Trade in Goods and Services. The services exports clocked in at $575 million and imports at $936 million recording a deficit of $361 million. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. Many nations around the world have trade deficits, including the United Kingdom, Mexico, Brazil, and the United States. Total, All Countries, Seasonally Adjusted Trade in Goods and Services. Credit: NOAA Fisheries/Adriane Michaelis. India's trade deficit was downwardly revised to USD 25.71 billion in September of 2022, compared to a preliminary estimate of USD 28.72 billion and USD 22.47 billion a year earlier. UK Trade in Goods by Classification of Product by Activity CPA(08): Quarter 2 (April to June) 2015 Contact the International Trade Macro Analysis Branch: Email us! This is a list of the 20 countries and territories with the largest deficit in current account balance (CAB), based on data from 2019 est. Within the budgetary process, deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit, or budget deficit; the opposite of budget surplus.The term may be applied to the budget of a government, private company, or individual. It reflected a decrease in the goods deficit of $3.4 billion to $87.6 billion and a decrease in the services surplus of $0.4 billion to $20.2 billion. Deficit: $67.4 Billion Exports: $258.9 Billion Imports: $326.3 Billion. Export Training. Meanwhile, exports rose by 2.2% to an all-time high of GBP 68.2 August 2022 Trade in Goods and Services. Imports climbed Starting in about 1970, the United States began to run trade deficits again, which have continued to this day. The U.S. trade deficit with China was $315.1 billion in 2012 and rose to $367.3 billion by 2015 before dropping to $346.8 billion the following year. Month Exports Imports Balance; January 1985 : February 1985 : March 1985 : Trade in Goods and Services. Trade in Goods and Services. The U.S. goods and services trade deficit with Mexico in 2021 was USD 111.5 billion. Chart. Imports are any goods and services produced in a foreign country, even if these are produced overseas by a domestic company. Then from 1870-1970, it ran persistent trade surpluses that averaged about 1.1 percent of GDP. U.S. trade deficit (in billions, goods and services) by country in 2017. A trade deficit is a result of a country's importing more than it exports. Balance by Partner Country; Country/Product Trade; State/Metropolitan Data; Historical Series; Notices and Corrections; U.S. trade in goods with China . The UK trade deficit widened to GBP 7.1 billion in August of 2022 from a downwardly revised GBP 5.4 billion in the previous month. Month Exports Imports Balance; January 1985 : 141.7 : 355.4 -213.7 : February 1985 Trade in Goods and Services. dollars)." Rank Country CAB (Million US dollars)