Us Trade Deficit By Country 2019

A trade deficit – also known as a negative balance of trade – is an economic term related to international trade. A trade deficit, in short, means that a nation’s imports exceed its exports. In other words, a country with a trade deficit spends more money in a year than it receives from its exports. Many nations around the world have trade deficits, including the United Kingdom, Mexico, Brazil, and the United States.

The United States has the largest trade deficit in the world. In 2018, the trade deficit of this nation was $621 billion. While the country brought in over $3 trillion in imports, the amount of exports was just $2.5 trillion. The largest exports of the United States were cars, food, and commercial aircraft. The largest imports were cell phones, oil, and cars.

The largest deficit in goods in the United States is with China. In fact, over 65% of the trade deficit – or $419 billion – is because of imports from China. The main imports that the US purchased from China include clothing, machinery, and electronics.

The United States also has a trade deficit with Mexico. This deficit is significantly smaller than that of China’s at just $81 billion. The U.S. has imported $346 billion worth of goods from Mexico, including vehicles and auto parts.

A trade deficit of $68.2 billion with Germany is the third largest trade deficit of the U.S. The U.S. imported $126 billion in auto parts and vehicles, medicine, and machinery.

The United States has a trade deficit of $67.6 billion with Japan. Vehicles and industrial supplies are among the primary imports that the U.S. acquires from Japan.

The U.S. also has a $20 billion trade deficit with Canada. While the U.S. exports vehicles, petroleum, and auto parts, it imports more crude oil and gas from Canada.

* All trade and balances are in millions of US dollars for calendar year 2017.
Country Exports Imports Total Trade Total Balance Population 2019
China129,894505,470635,364-375,5761,433,783,686
Canada282,265299,319581,584-17,05437,411,047
Mexico243,314314,267557,581-70,953127,575,529
Japan67,605136,481204,086-68,876126,860,301
Germany53,897117,575171,472-63,67883,517,045
South Korea48,32671,444119,770-23,11851,225,308
United Kingdom56,25853,060109,3183,19867,530,172
France33,59648,89982,495-15,30365,129,728
India25,68948,60374,292-22,9141,366,417,754
Italy18,40549,91868,323-31,51360,550,075
Taiwan25,73042,46268,192-16,73223,773,876
Brazil37,22229,45266,6747,770211,049,527
Ireland10,70848,79759,505-38,0894,882,495
Netherlands41,51017,78559,29523,72517,097,130
Switzerland21,68535,99757,682-14,3128,591,365
Vietnam8,13346,48854,621-38,35596,462,106
Malaysia12,96437,39650,360-24,43231,949,777
Singapore29,80619,36749,17310,4395,804,337
Hong Kong39,9397,37647,31532,5637,436,154
Belgium29,92414,99744,92114,92711,539,328
Thailand10,99231,15242,144-20,16069,625,582
Saudi Arabia18,88116,34835,2292,53334,268,528
Australia24,52710,04534,57214,48225,203,198
Israel12,55021,94534,495-9,3958,519,377
Colombia13,31213,55726,869-24550,339,443
Spain11,06415,64526,709-4,58146,736,776
Indonesia6,86420,20925,240-13,345270,625,568
United Arab Emirates20,0204,26924,28915,7519,770,529
Chile13,60510,55124,1563,05418,952,038
Russia6,99817,02124,019-10,023145,872,256