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United States Net Trade (Goods & Services, BoP)

The United States' net trade (goods & services, bop) rose to $-917.84 billion in 2024, up from $-784.89 billion in 2023, according to World Bank. This represents an increase of 16.9% ($132.95 billion) from the previous year. The United States has the lowest net trade (goods & services, bop), followed by India and Philippines.

Yearly Historical Data (1970-2024)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2024 -917.84
2023 -784.89
2022 -944.77
2021 -848.07
2020 -653.69
2019 -559.39
2018 -578.6
2017 -516.93
2016 -479.46
2015 -490.77
2014 -483.95
2013 -446.86
2012 -525.91
2011 -554.52
2010 -503.08
2009 -394.78
2008 -712.35
2007 -711
2006 -763.53
2005 -716.54
2004 -610.83
2003 -496.25
2002 -420.67
2001 -360.37
2000 -369.69
1999 -255.81
1998 -166.13
1997 -108.29
1996 -104.03
1995 -96.39
1994 -98.51
1993 -70.31
1992 -39.21
1991 -31.18
1990 -80.85
1989 -93.13
1988 -114.66
1987 -151.68
1986 -138.53
1985 -121.1
1984 -108.28
1983 -57.13
1982 -23.54
1981 -15.68
1980 -18.95
1979 -24.97
1978 -30.17
1977 -27.64
1976 -6.82
1975 9.97
1974 -6.4
1973 -1.14
1972 -10.12
1971 -5.04
1970 -0.61
United States Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in United States, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $2.06T $2.02T 2024
Annual Imports $3.36T $3.17T 2024
Balance of Trade -$78.3B -$59.1B Jul'25
Exports $280B $280B Jul'25
Exports (% GDP) 10.9% 11.01% 2024
FDI Inflows (% GDP) 1.33% 1.26% 2024
Imports $359B $339B Jul'25
Imports (% GDP) 13.99% 13.89% 2024
Tariff Rate 2.72% 2.79% 2022
Trade (% GDP) 24.89% 24.9% 2024