USA: Trade balance, in dollars

* indicates monthly or quarterly data series

Trade balance, billion USD

 Latest value -779.79
 Year 2023
 Measure billion U.S. dollars
 Data availability 1970 - 2023
 Average -294.76
 Min - Max -951.19 - 9.97
 Source The World Bank
For that indicator, we provide data for the USA from 1970 to 2023. The average value for the USA during that period was -294.76 billion U.S. dollars with a minimum of -951.19 billion U.S. dollars in 2022 and a maximum of 9.97 billion U.S. dollars in 1975. The latest value from 2023 is -779.79 billion U.S. dollars. For comparison, the world average in 2023 based on 112 countries is 6.39 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
USA - Trade balance, in dollars - Recent values chart

Historical chart
USA - Trade balance, in dollars - historical chart - 1970-2023

Definition: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.

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 Related indicators Latest value Reference Measure
 Terms of trade 104.65 2021 percent
 Trade openness 27.36 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 11.77 2022 percent
 Exports, billion dollars 2,995.05 2022 billion U.S. dollars
 Growth of exports 6.96 2022 percent
 Imports, percent of GDP 15.59 2022 percent
 Imports, billion dollars 3,966.17 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.53 2022 percent
 Foreign Direct Investment, billion dollars 388.08 2022 billion U.S. dollars
 Portfolio investment inflows, equities 155,248.00 2023 million dollars (current)
 Current account, percent of GDP -3.00 2023 percent
 Current account, in dollars -818.82 2023 billion U.S. dollars
 Trade balance, percent of GDP -3.82 2022 percent
 Trade balance, in dollars -779.79 2023 billion U.S. dollars
 Reserves 706.64 2022 billion U.S. dollars
 Remittances, percent of GDP 0.03 2022 percent
 Remittances 7,431.00 2022 million U.S. dollars
 Net errors and omissions -74,318.00 2023 million USD
 Foreign exchange reserves 240.99 9/2023 billion
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