Tuesday, March 1, 2016

U.S. Trade Deficits or Surpluses with Selected Large Countries

Comprehensive statistics on U.S. global trade in goods and services with some large countries are available for 2014; goods, but not services, data are available for some countries in 2015, but goods only data provide an incomplete picture of overall U.S. trade balances.

Complete statistics on U.S. trade in goods and services are generally available for large countries, but not for small economics.

The following statistics show the trade balance, negative (deficit) and positive (surplus), for 11 large trading partners with the U.S.  The trade balance number is followed by a highest or lowest deficit or surplus year in the past 10 years to see if the deficit or surplus balance has narrowed or increased since 2005.

U.S. trade deficit in goods and services:

Germany   -$79.2 billion     Year 2010:  -$32.5 billion (low)
Japan        -$53.3 billion     Year 2006:  -$76.3 billion (high)
Mexico      -$50.2 billion     Year 2007:  -$69.3 billion (high)
India         -$28.5 billion     Year 2009:  -$7.1 billion (low)
Italy          -$27.6 billion     Year 2009:  -$14.5 billion (low)
S. Korea    -$13.5 billion     Year 2010:  -$3.9 billion (low)
France:     -$12.9 billion     Year 2007:  -$16.0 billion (high)
Canada:    -$9.6 billion       Year 2005:  -$71.7 billion (high)

U.S. trade surplus in goods and services:

Brazil        +$33.1 billion    Year 2013:   +$35.9 billion (high)
Australia   +$28.4 billion    Year 2012:   +$33.3 billion (high)
Argentina  +$11.6 billion    Year 2005:   +$0.6 billion (low)

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