U.S. Trade Balance 1960-2024
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.
| U.S. Trade Balance - Historical Data | ||
|---|---|---|
| Year | Billions of US $ | % of GDP |
| 2022 | $-971.12B | -3.82% |
| 2021 | $-858.24B | -3.68% |
| 2020 | $-626.39B | -2.97% |
| 2019 | $-578.50B | -2.71% |
| 2018 | $-593.08B | -2.89% |
| 2017 | $-543.33B | -2.79% |
| 2016 | $-503.27B | -2.69% |
| 2015 | $-524.32B | -2.88% |
| 2014 | $-508.90B | -2.90% |
| 2013 | $-478.45B | -2.84% |
| 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% |
| 1969 | $0.00B | 0.00% |
| 1968 | $0.00B | 0.00% |
| 1967 | $0.00B | 0.00% |
| 1966 | $0.00B | 0.00% |
| 1965 | $0.00B | 0.00% |
| 1964 | $0.00B | 0.00% |
| 1963 | $0.00B | 0.00% |
| 1962 | $0.00B | 0.00% |
| 1961 | $0.00B | 0.00% |
| 1960 | $0.00B | 0.00% |