What is the value of US trade?
Updates published monthly
$3.19 trillion in exports and $4.11 trillion in imports in 2024. According to the Office of the US Trade Representative, trade fuels economic growth, supports domestic jobs, raises living standards, and makes goods and services more affordable.
$3.19T
value of exports from US (2024)
$4.11T
value of imports to US (2024)
US sales abroad are exports and US purchases from abroad are imports. When the nation imports more than it exports, it's called a trade deficit. The US has consistently had a trade deficit from 1992 to 2024. It was as low as $831 million in February 1992 and as high as $140.5 billion in March 2025. The trade deficit was $917.8 billion in 2024.
In March 2025, imports ($419 billion) were 50.5% higher than exports ($278.5 billion). The 2025 trade deficit as of March was at $394.3 billion.
In March 2025, the US imported $419 billion in goods and services and exported $278.5 billion.
Monthly trade balance, seasonally adjusted. Not adjusted for inflation
The US has trade relations with more than 200 countries, territories, and regional associations. When adding the value of imports and exports, Mexico, Canada, and China have been the top three trading partners with the US since 2004. China went from being the sixth top trading partner in 1999 to the first throughout 2016 to 2018. As of 2024, it is third after Mexico and Canada.
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The nation’s top six partners accounted for 48% of all US trade in 2024.
Share of total trade value (imports + exports) by country
The nations’ top import in 2024 was capital goods, meaning these are tools used for the production process, like machinery and equipment. The US imported $969.8 billion in capital goods, 17.5% of which were purchased from Mexico and another 14.9% from China. About 26.6%, or $214.3 billion, of consumer goods were imported from China. These are goods and services purchased by individuals for personal use, like clothing and cellphones.
In addition, 33.4% of industrial supplies, meaning items needed for operating a factory, come from Canada. Mexico accounted for 38.3% of automotive vehicles and parts.
Imports from Canada, Mexico, and China accounted for 36.5% of US imports in 2024.
Top 10 US imports by top trading partners and other countries (2024)
The nation’s top export in 2024 was industrial supplies. The US exported $717.9 billion in industrial supplies, 16.8% of which were purchased by Mexico and another 14.3% by Canada. About 17.4%, or $112.6 billion, of goods used in the production process, like machinery or tools, were exported to Mexico.
In addition, 38.4% of automotive vehicles and parts went to Canada.
Canada, Mexico, and China received 32.1% of total US exports in 2024.
Top 10 US exports by top trading partners and other countries (2024)
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
