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The Following is a comparative list of the balance of trade in goods for imports vs exports of the United States in 2015 ($Billions of Dollars). [1] [2] These figures do not include trade in services, where the United States had a global surplus of $260 billion in 2015. [3] [4]
The United States of America (USA), commonly known as the United States or America, is a country composed of 50 states, a federal district, five major self-governing territories, and various possessions. At 3.8 million square miles, the United States is the world's third or fourth largest country by total area and is slightly smaller than the entire continent of Europe's 3.9 million square miles. With a population of over 327 million people, the U.S. is the third most populous country. The capital is Washington, D.C., and the largest city by population is New York City. Forty-eight states and the capital's federal district are contiguous in North America between Canada and Mexico. The State of Alaska is in the northwest corner of North America, bordered by Canada to the east and across the Bering Strait from Russia to the west. The State of Hawaii is an archipelago in the mid-Pacific Ocean. The U.S. territories are scattered about the Pacific Ocean and the Caribbean Sea, stretching across nine official time zones. The extremely diverse geography, climate, and wildlife of the United States make it one of the world's 17 megadiverse countries.
Product | Imports | Exports | Difference +/- |
---|---|---|---|
Electronic equipment | $332.9 | $169.8 | -$163.1 |
Machines, engines, pumps | $329.3 | $205.8 | -$123.5 |
Vehicles | $283.8 | $127.1 | -$146.7 |
Fuel | $201.2 | $106.1 | -$95.1 |
Pharmaceuticals | $86.1 | $47.3 | -$38.8 |
Medical, technical equipment | $78.3 | $83.4 | +$5.1 |
Furniture, lighting, signs | $61.2 | $11.5 | -$49.7 |
Gems, precious metals | $60.2 | $58.7 | -$1.5 |
Organic chemicals | $52.1 | $38.8 | -$13.3 |
Plastics | $50.2 | $60.3 | +$10.1 |
Aircraft/Spacecraft | $35.3 | $131.1 | +$95.8 |
Total of all trade | $2.309 Trillion | $1.51 Trillion | -$799 |
Balance of Trade 2014 (goods only) [5] | |||||||||
---|---|---|---|---|---|---|---|---|---|
China | Euro Area | Japan | Mexico | Pacific | Canada | Middle East | Lat. America | Total by Product | |
Computer | -151.9 | 3.4 | -8.0 | -11.0 | -26.1 | 20.9 | 5.8 | 12.1 | -155.0 |
Oil, Gas, Minerals | 1.9 | 6.4 | 2.4 | -20.8 | 1.1 | -79.8 | -45.1 | -15.9 | -149.7 |
Transportation | 10.9 | -30.9 | -46.2 | -59.5 | -0.5 | -6.1 | 17.1 | 8.8 | -106.3 |
Apparel | -56.3 | -4.9 | 0.6 | -4.2 | -6.3 | 2.5 | -0.3 | -1.1 | -69.9 |
Electrical Equipment | -35.9 | -2.4 | -4.0 | -8.5 | -3.3 | 10.0 | 1.8 | 2.0 | -40.4 |
Misc. Manufacturing | -35.3 | 4.9 | 2.7 | -2.8 | -1.4 | 5.8 | -1.5 | 1.8 | -25.8 |
Furniture | -18.3 | -1.2 | 0.0 | -1.6 | -2.1 | 0.4 | 0.2 | 0.0 | -22.6 |
Machinery | -19.9 | -27.0 | -18.8 | 3.9 | 7.6 | 18.1 | 4.5 | 9.1 | -22.4 |
Primary Metals | -3.1 | 3.1 | -1.8 | 1.0 | 1.9 | -8.9 | -0.9 | -10.4 | -19.1 |
Fabricated Metals | -17.9 | -5.9 | -3.5 | 2.8 | -4.3 | 7.3 | 1.2 | 1.9 | -18.5 |
Plastics | -15.7 | -1.9 | -2.0 | 5.7 | -4.1 | 2.6 | -0.1 | 0.5 | -15.0 |
Textile | -12.3 | -1.1 | -0.3 | 2.8 | -4.6 | 1.5 | -0.9 | 0.2 | -14.7 |
Beverages, Tobacco | 1.3 | -9.9 | 0.6 | -3.3 | 0.0 | 1.0 | 0.2 | -0.6 | -10.6 |
Nonmetallic Minerals | -6.1 | -1.9 | -0.4 | -1.2 | 0.1 | 1.9 | -0.5 | -0.8 | -8.9 |
Paper | -2.7 | 1.2 | 1.1 | 4.3 | 1.2 | -9.8 | 0.9 | -1.9 | -5.8 |
Chemical | -3.9 | -39.5 | -1.5 | 19.1 | 3.2 | 4.6 | -2.4 | 15.8 | -4.7 |
Food | 0.7 | -3.6 | 6.1 | 4.9 | 0.9 | 0.1 | 1.4 | -1.1 | 9.5 |
Agriculture | 17.8 | 6.2 | 7.3 | -3.0 | 5.7 | -0.8 | 2.8 | -6.5 | 29.5 |
Petroleum | 0.6 | -1.2 | 0.1 | 16.6 | -2.0 | -0.1 | 0.6 | 18.3 | 32.9 |
Total by Country/Area | -346.1 | -106.1 | -65.6 | -54.9 | -33.0 | -29.0 | -15.1 | 32.3 |
Country | Exports | Imports | Trade Deficit |
---|---|---|---|
123,676 | 446,754 | 343,078 | |
276,142 | 418,754 | 142,059 | |
49,363 | 123,260 | 73,897 | |
66,827 | 134,004 | 67,117 | |
240,249 | 294,074 | 53,825 | |
312,421 | 347,798 | 35,377 | |
18,705 | 47,041 | 28,336 | |
7,806 | 33,956 | 26,150 | |
16,968 | 42,115 | 25,147 | |
44,471 | 69,518 | 25,047 | |
21,608 | 45,244 | 23,636 | |
13,068 | 30,420 | 17,352 | |
31,301 | 46,874 | 15,573 | |
11,810 | 27,123 | 15,313 | |
26,670 | 40,581 | 13,911 | |
22,176 | 31,191 | 9,015 | |
15,083 | 22,962 | 7,879 | |
53,823 | 54,392 | 569 |
The balance of trade, commercial balance, or net exports, is the difference between the monetary value of a nation's exports and imports over a certain period. Sometimes a distinction is made between a balance of trade for goods versus one for services. The balance of trade measures a flow of exports and imports over a given period of time. The notion of the balance of trade does not mean that exports and imports are "in balance" with each other.
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