The US trade deficit narrowed slightly to $105 billion in September 2026 from $105.7 billion in August, compared to forecasts of a $108 billion gap. Exports jumped 1.9% to a five-month high of $321.5 billion, boosted by sales of computers, soybeans, crude oil, computer accessories, civilian aircraft, and pharmaceutical preparations while a decrease was recorded for nonmonetary gold. Meanwhile, imports rose at a slower 1.2% but reached a record high of $426.6 billion, led by purchases of computers, computer accessories, and pharmaceutical preparations while a decrease was seen for semiconductors, nonmonetary gold and crude oil. The largest trade gaps were recorded with Mexico ($-28.7 billion), Vietnam ($-25.3 billion), Taiwan ($-21.9 billion), China ($-17.9 billion), the EU ($-14.2 billion) and South Korea ($-12.8 billion). The deficit with Canada was at $4.4 billion. source: Bureau of Economic Analysis (BEA)

The United States recorded a trade deficit of 105.05 USD Billion in September of 2026. Balance of Trade in the United States averaged -19.30 USD Billion from 1950 until 2026, reaching an all time high of 1.95 USD Billion in June of 1975 and a record low of -132.98 USD Billion in March of 2025. This page provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.

The United States recorded a trade deficit of 105.05 USD Billion in September of 2026. Balance of Trade in the United States is expected to be -109.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Balance of Trade is projected to trend around -103.00 USD Billion in 2027 and -105.00 USD Billion in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-10-06 12:30 PM
Balance of Trade
Aug $-105.6B $-92.8B $-102B $-102.2B
2026-11-04 01:30 PM
Balance of Trade
Sep $-105B $-105.7B $-108B $-108.8B
2026-12-08 01:30 PM
Balance of Trade
Oct $-105B



Components Last Previous Unit Reference
Exports 321.51 315.67 USD Billion Sep 2026
Goods Exports 209115.00 204102.00 USD Million Sep 2026
Goods Imports 344197.00 336229.00 USD Million Sep 2026
Goods Trade Balance -135081.00 -132127.00 USD Million Sep 2026
Imports 426.56 421.40 USD Billion Sep 2026

Related Last Previous Unit Reference
Balance of Trade -105.05 -105.74 USD Billion Sep 2026
Current Account -246.00 -212.60 USD Billion Jun 2026
Semiconductor Exports 5599.90 5314.30 USD million Aug 2026


United States Balance of Trade
The United States has recorded persistent trade deficits since 1976, largely reflecting strong demand for imported industrial supplies, capital equipment and consumer goods. In 2025, trade dynamics were significantly shaped by the rollout of new tariffs. Imports climbed to record highs in the first half of the year as businesses accelerated purchases ahead of higher duties. However, import growth slowed sharply toward year-end, suggesting that tariffs were beginning to curb demand. Overall, the US posted a trade deficit of nearly $900 billion in 2025, broadly unchanged from the previous year but still among the largest shortfalls since 1960. The widest bilateral goods deficits were with the European Union ($218.8 billion), particularly Ireland and Germany, followed by China ($202.1 billion), Mexico ($196.9 billion), Vietnam ($178.2 billion), Taiwan ($146.8 billion), Thailand ($71.9 billion), Japan ($63.9 billion), India ($58.2 billion), South Korea ($56.4 billion), Canada ($46.4 billion), Switzerland ($34.3 billion) and Malaysia ($30.8 billion).
Actual Previous Highest Lowest Dates Unit Frequency
-105.05 -105.74 1.95 -132.98 1950 - 2026 USD Billion Monthly
SA

News Stream
US Trade Deficit Narrows Slightly
The US trade deficit narrowed slightly to $105 billion in September 2026 from $105.7 billion in August, compared to forecasts of a $108 billion gap. Exports jumped 1.9% to a five-month high of $321.5 billion, boosted by sales of computers, soybeans, crude oil, computer accessories, civilian aircraft, and pharmaceutical preparations while a decrease was recorded for nonmonetary gold. Meanwhile, imports rose at a slower 1.2% but reached a record high of $426.6 billion, led by purchases of computers, computer accessories, and pharmaceutical preparations while a decrease was seen for semiconductors, nonmonetary gold and crude oil. The largest trade gaps were recorded with Mexico ($-28.7 billion), Vietnam ($-25.3 billion), Taiwan ($-21.9 billion), China ($-17.9 billion), the EU ($-14.2 billion) and South Korea ($-12.8 billion). The deficit with Canada was at $4.4 billion.
2026-11-04
US Trade Deficit Widens to 17-Month High
The US trade deficit widened to $105.6 billion in August 2026 from a revised $92.8 billion in July, exceeding market expectations of $102.0 billion and marking its largest gap since March 2025. The widening was driven by a $17.2 billion surge in imports to an all-time high of $420.8 billion. Imports of industrial supplies and materials rose $9.1 billion, led by crude oil and nonmonetary gold, while capital goods imports increased $6.2 billion on stronger purchases of semiconductors and other industrial machinery. These gains more than offset a decline in computer accessories. Meanwhile, exports rose $4.5 billion to $315.2 billion, driven by a $6.3 billion increase in industrial supplies and materials, mainly nonmonetary gold and crude oil, and a $1.3 billion rise in capital goods, including semiconductors and computers. Pharmaceutical exports fell $2.4 billion. Exports and imports of services were little changed.
2026-10-06
U.S.–China Trade Truce Extended to January 10
Washington confirmed the U.S.–China trade truce will run until January 10, 2027, extending tariff relief and rare-earth flows beyond the November expiry. Treasury Secretary Scott Bessent announced the move Wednesday as China's leader Xi Jinping arrived for a state visit, noting Beijing must deliver more commitments. The moratorium, first struck by Xi and Trump in South Korea last October, was widely expected to be prolonged, with markets anticipating at least a six-month extension ahead of the summit.
2026-09-24