Select Fact Data Set
- Household Finances
- Manufacturing
- U.S. Trade
- U.S. Economy
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.
The Blue Collar Dollar Institute believes that the United States cannot offer a middle-class lifestyle to a large majority of Americans without possessing a strong and vibrant manufacturing sector. Our non-partisan mission is to research data, inform the public, and advocate for policy in order to help strengthen US manufacturing and goods-producing sectors.