The trade deficit in the US widened sharply to $56.8 billion in November 2025, the highest in four months, compared to a $29.2 billion gap in October which was the lowest since 2009, and much higher than forecasts of a $40.5 billion shortfall. The figure underscores pronounced monthly swings amid President Trump administration’s frequently changing tariff stance. Imports increased 5% to $348.9 billion, led by a $6.7 billion jump in pharmaceutical preparations after a big drop in the previous month. Purchases of computers also increased by $6.6 billion. Meanwhile, exports were down 3.6% to $292.1 billion, led by falls in nonmonetary gold, pharmaceutical preparations and crude oil. The deficit widened with Vietnam ($16.2 billion vs $15.0 billion), China ($14.7 billion vs $13.7 billion) and the European Union ($14.5 billion vs $6.3 billion), while it narrowed slightly with Mexico ($17.8 billion vs $17.9 billion) and Taiwan ($15.6 billion vs $15.7 billion). source: Bureau of Economic Analysis (BEA)

The United States recorded a trade deficit of 56.83 USD Billion in November of 2025. Balance of Trade in the United States averaged -19.18 USD Billion from 1950 until 2025, reaching an all time high of 1.95 USD Billion in June of 1975 and a record low of -136.42 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 February of 2026.

The United States recorded a trade deficit of 56.83 USD Billion in November of 2025. Balance of Trade in the United States is expected to be -75.00 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 -88.00 USD Billion in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-08 01:30 PM
Balance of Trade
Oct $-29.4B $-48.1B $-58.9B $-54.0B
2026-01-29 01:30 PM
Balance of Trade
Nov $-56.8B $-29.2B $-40.5B $-37.0B
2026-02-19 01:30 PM
Balance of Trade
Dec $-56.8B $ -55B

Components Last Previous Unit Reference
Exports 292.05 302.92 USD Billion Nov 2025
Goods Exports 184965.00 196054.00 USD Million Nov 2025
Goods Imports 271006.00 254459.00 USD Million Nov 2025
Goods Trade Balance -86041.00 -58405.00 USD Million Nov 2025
Imports 348.88 332.12 USD Billion Nov 2025

Related Last Previous Unit Reference
Balance of Trade -56.83 -29.21 USD Billion Nov 2025
Current Account -226.40 -249.22 USD Billion Sep 2025


United States Balance of Trade
The United States has been running consistent trade deficits since 1976 due to high imports of oil and consumer products. In 2022, the biggest trade deficits are recorded with China, Mexico, Vietnam, Canada, Germany, Japan, and Ireland, and the biggest trade surpluses with the Netherlands, Hong Kong, Brazil, Singapore, Australia, and United Kingdom. Canada is the top trading partner, accounting for 15 percent of total trade, followed by Mexico (14 percent) and China (13 percent).
Actual Previous Highest Lowest Dates Unit Frequency
-56.83 -29.21 1.95 -136.42 1950 - 2025 USD Billion Monthly
SA

News Stream
Trump Extends Africa Duty-Free Trade Program
U.S. President Donald Trump on Tuesday signed into law a one-year extension of the African Growth and Opportunity Act (AGOA), a preferential trade program for Africa, running through December 31 and applied retroactively from September 30, 2025, according to U.S. Trade Representative Jamieson Greer. The move restores duty-free access to the U.S. market for eligible Sub-Saharan African countries after the program lapsed in September. First enacted in 2000, AGOA allows qualifying countries to export more than 1,800 products to the United States without tariffs, supporting trade, investment, and employment across the region.
2026-02-04
US Trade Gap Widens in November
The trade deficit in the US widened sharply to $56.8 billion in November 2025, the highest in four months, compared to a $29.2 billion gap in October which was the lowest since 2009, and much higher than forecasts of a $40.5 billion shortfall. The figure underscores pronounced monthly swings amid President Trump administration’s frequently changing tariff stance. Imports increased 5% to $348.9 billion, led by a $6.7 billion jump in pharmaceutical preparations after a big drop in the previous month. Purchases of computers also increased by $6.6 billion. Meanwhile, exports were down 3.6% to $292.1 billion, led by falls in nonmonetary gold, pharmaceutical preparations and crude oil. The deficit widened with Vietnam ($16.2 billion vs $15.0 billion), China ($14.7 billion vs $13.7 billion) and the European Union ($14.5 billion vs $6.3 billion), while it narrowed slightly with Mexico ($17.8 billion vs $17.9 billion) and Taiwan ($15.6 billion vs $15.7 billion).
2026-01-29
US Trade Gap Lowest Since 2009
The US trade deficit narrowed sharply to $29.4 billion in October 2025, the smallest gap since June 2009, down from a revised $48.1 billion in September and well below forecasts of a $58.1 billion shortfall. The implementation of tariffs led to significant swings in trade flows, particularly in non-monetary gold and pharmaceutical products. Imports declined 3.2% to a 21-month low of $331.4 billion, led by a big fall in pharmaceutical preparations and to a smaller extent nonmonetary gold and transport. On the other hand, purchases went up for computer accessories, telecommunications equipment, and computers. Exports rose 2.6% to a record $302 billion, led by a surge in nonmonetary gold and other precious metals while a fall was seen in pharmaceuticals and government goods and services. The largest gaps were recorded with Mexico ($-17.9 billion), Taiwan ($-15.7 billion), Vietnam ($-15 billion) and China ($-13.7 billion). The trade gap with the EU narrowed sharply to $6.3 billion.
2026-01-08