US Trade Deficit in Numbers

We often hear about the US trade deficit with the rest of the world.

Wolfram Alpha claims it is on the order of $706 billion per year.  This Bloomberg article says $502 billion. The number itself is not as important as the fact that is it pretty big.

Yuuuuuuge!

Below is the breakdown of this number showing all of the main US trading partners, and which of them have the trade deficit with the US, and which don’t.

the-gap-in-traded-goods

The conclusion is: almost everyone!

The US seems to have a trade deficit with almost every top partner. And if you look at the world map in terms of the US trade balance (country size is made proportional to its trade and its color reflects either a deficit or a surplus), the world looks like this:

usa-trade-balance-75cd

Top 5 Positive Balances

  • Hong Kong: $30.5 billion
  • Netherlands: $24.0 billion
  • Belgium: $14.6 billion
  • Australia: $14.2 billion
  • Singapore: $10.4 billion

Top 5 Negative Balances

  • China: $365.7 billion
  • Germany: $74.2 billion
  • Japan: $68.6 billion
  • Mexico: $58.4 billion
  • Ireland: $30.4 billion
This entry was posted in Data Analysis and Visualization, Money, business, investments, statistics, trends, Top 10, Top 20, Top 50, Top 100 and tagged , , . Bookmark the permalink.

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