For that indicator, we provide data for the USA from 1970 to 2018. The average value for the USA during that period was -2.13 percent with a minimum of -5.58 percent in 2006 and a maximum of 0.95 percent in 1975.
The latest value from 2018 is -3.11 percent. For comparison, the world average in 2018 based on 162
countries is -4.70 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The trade balance for the USA and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).