US Trade Balance
US Trade Balance (Goods & Services) — Historical Chart
-$73.3B
▲ 24.81% YoYJun 2026
All-Time High
-$0.8B
All-Time Low
-$133.0B
Data Since
1992
Source: FRED / Census / BEAShaded = NBER recessions
The US monthly trade balance in goods and services. A deficit means the US imports more than it exports. The structural widening of the trade deficit since the 1990s reflects offshoring, the rise of China, and the global reserve currency status of the dollar. Tariff impacts show up with a 6–12 month lag.