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The goods and services deficit was $678.7 billion in 2020, up $101.9 billion from $576.9 billion in 2019. The 2020 increase in the goods and services deficit reflected an increase in the goods deficit of $51.5 billion, or 6.0%, to $915.8 billion and a decrease in the services surplus of $50.4 billion, or 17.5%, to $237.1 billion.
This is a list of U.S. states, U.S. territories, and the District of Columbia by exports of goods and imports of goods as of 2018. [note 1] An export in international trade is a good or service produced in one country that is bought by someone in another country. The sum of the exports of the states is significantly lower than the value of the ...
Exports of goods decreased by $37.2 billion while exports of services increased by $70.6 billions. The trade deficit in terms of goods decreased by $123.4 billion from 2022 making it 1,059.6 billion in 2023. While for services this increased by $48 billion making it $279.8 billion in 2023. [3]
And for much of the past 50 years, the US has had a trade deficit, driven by goods (America runs a growing surplus on services). That trade gap widened significantly in the 1990s as globalization ...
In 2018, the year that a trade war with China was launched by U.S. President Donald Trump, the U.S. trade deficit in goods reached $891 billion, which was the largest on record [29] before the $1,183 billion deficit in the trade of goods recorded in 2021. [30] By the end of the Trump presidency, the trade war was widely characterized as a ...
The business between the North American nations now exceeds China, totaling $1.8 trillion in 2023. Here are some goods in the crosshairs of Trump's tariffs on Mexico, Canada and China Skip to main ...
America is certainly the land of plenty in many regards. Our store shelves are stocked with endless varieties of countless products -- and then some.
Balance of trade with the United States. The 30 largest trade partners of the United States represent 87.9 percent of U.S. exports, and 87.4 percent of U.S. imports as of 2021. These figures do not include services or foreign direct investment. In 2023, Canada is the largest trading partner of the United States, followed by Mexico. [1]