The US goods trade deficit widened markedly to $98.5 billion in December 2025, up 19.0% from a revised $82.8 billion shortfall in November and well above market expectations of $86 billion. It marked the largest goods deficit since July. Imports rose 3.8% to $278.6 billion, driven by a 15.9% surge in industrial supplies. Purchases of capital goods increased 5.5%, while automotive vehicle imports climbed 3.9%. Meanwhile, exports fell 3.0% to $180.0 billion, weighed down primarily by a 12.3% drop in industrial supplies shipments. For 2025 as a whole, the US goods trade deficit widened to $1.23 trillion from $1.20 trillion in 2024. source: U.S. Census Bureau

Goods Trade Balance in the United States decreased to -98540 USD Million in December from -82783 USD Million in November of 2025. Goods Trade Balance in the United States averaged -26863.91 USD Million from 1955 until 2025, reaching an all time high of 1492.00 USD Million in June of 1975 and a record low of -161496.00 USD Million in March of 2025. This page provides - United States Goods Trade Balance- actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Goods Trade Balance - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-09-25 12:30 PM
Goods Trade Balance Adv
Aug $-85.5B $-102.8B $-95.65B $-93.0B
2026-02-19 01:30 PM
Goods Trade Balance Adv
Dec $-98.5B $-82.8B $-86B $-82.0B
2026-03-12 12:30 PM
Goods Trade Balance Adv
Jan $-98.5B $-93.0B

Components Last Previous Unit Reference
Goods Exports 180049.00 185616.00 USD Million Dec 2025
Goods Imports 278589.00 268399.00 USD Million Dec 2025

Related Last Previous Unit Reference
Balance of Trade -70.31 -53.04 USD Billion Dec 2025
Exports 287.29 292.29 USD Billion Dec 2025
Goods Trade Balance -98540.00 -82783.00 USD Million Dec 2025
Imports 357.60 345.33 USD Billion Dec 2025
Oil Exports 7902.00 7475.00 USD Million Dec 2025


United States Goods Trade Balance
The United States has run uninterrupted trade deficits since 1976, driven largely by robust demand for imported industrial inputs, capital goods and consumer products. In 2025, trade flows were notably influenced by the introduction of new tariffs. Imports surged to record levels in the first half of the year as firms rushed to secure goods before higher duties took effect. Later in the year, however, import growth slowed considerably, indicating that tariffs were starting to dampen demand. For the year as a whole, the US recorded a goods trade deficit of just above $1.2 trillion, little changed from 2024 but still among the largest gaps seen since 1960. The biggest bilateral deficits were with the European Union ($218.8 billion), especially 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
-98540.00 -82783.00 1492.00 -161496.00 1955 - 2025 USD Million Monthly
SA

News Stream
US Goods Trade Deficit Widens Sharply in December
The US goods trade deficit widened markedly to $98.5 billion in December 2025, up 19.0% from a revised $82.8 billion shortfall in November and well above market expectations of $86 billion. It marked the largest goods deficit since July. Imports rose 3.8% to $278.6 billion, driven by a 15.9% surge in industrial supplies. Purchases of capital goods increased 5.5%, while automotive vehicle imports climbed 3.9%. Meanwhile, exports fell 3.0% to $180.0 billion, weighed down primarily by a 12.3% drop in industrial supplies shipments. For 2025 as a whole, the US goods trade deficit widened to $1.23 trillion from $1.20 trillion in 2024.
2026-02-19
US Goods Trade Deficit Narrows Sharply in August
The US trade deficit in goods narrowed by $17.3 billion from the previous month to $85.5 billion in August 2025, well below the market expectations of $95.65 billion, according to an advance estimate. Imports fell 7.0% month-on-month to $261.6 billion, driven by declines in industrial supplies (-18.9% to $49.4 billion), foods and beverages (-8.7% to $16.9 billion), consumer goods (-6.4% to $55.1 billion), and capital goods (-4.4% to $92.0 billion). In contrast, imports rose for other goods (6.9% to $13.7 billion) and automotive vehicles (1.7% to $34.5 billion). Meanwhile, exports fell 1.3% to $176.1 billion, weighed down by declines in industrial supplies (-1.4% to $59.3 billion), consumer goods (-6.8% to $21.2 billion), other goods (-2.1% to $8.5 billion), and automotive vehicles (-3.0% to $12.7 billion), partly offset by gains in capital goods (1.1% to $60.6 billion) and foods and beverages (0.3% to $13.8 billion).
2025-09-25
US Goods Trade Deficit Larger Than Expected
The US trade deficit in goods widened by $18.7 billion from the previous month to $103.6 billion in July 2025, far above expectations of $89.5 billion, according to an advance estimate. This marked the largest gap in four months, nearing the record-high deficit of $162 billion in March, driven by inventory front-loading ahead of new US tariffs. Imports jumped 7.1% from a month earlier to $281.5 billion, led by industrial supplies (25.4% to $60.7 billion), capital goods (4.8% to $95.9 billion), foods and beverages (2.4% to $18.5 billion), consumer goods (2.1% to $95.9 billion), and other goods (11.5% to $13.5 billion). Meanwhile, exports slipped 0.1% to $178 billion, reflecting lower sales of industrial supplies (-0.8% to $59.9 billion), consumer goods (-0.9% to $22.8 billion), and other goods (-2.4% to $8.7 billion), partly offset by gains in automotive vehicles (2.2% to $13 billion), capital goods (0.7% to $59.8 billion), and foods and beverages (0.5% to $13.8 billion).
2025-08-29