Balance of trade presents a country’s total exports to the rest of the world minus its total imports from the rest of the world. A trade deficit occurs when a country’s imports exceeds its exports in a given year.
This graph shows the United States’ annual imports, exports and total trade balance for goods and services from 1992 to the present. For example, in 2019, the United States had a trade surplus in service but had a larger trade deficit in manufactured goods, leading to a net trade deficit.
Place and move your cursor on the graph on the right to see the United States’ trade deficit number in each year.