The chart illustrates the US trade balance with its major partners from 2020 to 2025. The largest trade deficit remains with China, though it narrows slightly in the mid-2020s due to shifting supply chains and trade policies. Deficits with Mexico and Germany also persist, reflecting high import demand in automotive and manufacturing sectors. On the other hand, trade with Canada shows smaller deficits and occasional balance, supported by energy and agricultural flows. The US maintains surpluses with smaller partners in specific sectors, but these gains are modest compared to larger deficits. By 2025, the chart underscores the persistence of structural trade imbalances, despite gradual diversification of US trade relationships.
| Labels | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| China | 4 | 1.3 | -3.4 | -3.3 | -4 | 4.1 |
| Mexico | -3 | -2.5 | -7 | 3 | 3.3 | -4 |
| Canada | 3 | 2.9 | -1 | 2.9 | -3 | 3.9 |
| Japan | 1.2 | 7 | -4.5 | 1.2 | 2.9 | 3.3 |
| Germany | 1.4 | -9 | -5.2 | -9.5 | 9.5 | 3 |
| Vietnam | 9 | 1 | -8.5 | 8 | 1.2 | 9.5 |
| SK | -8 | 6 | -2 | 6 | 8 | -8 |
| UK | 6.5 | 6.5 | -1 | 5 | 6 | 1.2 |
| India | -5.5 | 3.4 | 2.1 | 5.5 | 5.4 | 6 |
| France | 5 | 4.8 | -2 | -3.4 | 5.5 | -6.4 |
