See the full U.S. trade picture by combining Census Bureau merchandise data with BEA services trade data. The U.S. runs a large goods deficit but a significant services surplus.
Most trade discussions focus on the merchandise (goods) trade deficit. But the U.S. is the world's largest services exporter — in financial services, technology, travel, education, and intellectual property. When services are included, the overall trade deficit is significantly smaller.
Goods Trade
Census Bureau (monthly, annualized)
Services Trade
BEA (2024 annual)
Combined
Goods + Services
Services surplus offsets 44% of goods deficit
| Period | Imports | Exports | Balance |
|---|---|---|---|
| Feb 2026 | $253.6B | $195.1B | $-58.4B |
| Jan 2026 | $260.5B | $186.4B | $-74.2B |
| Dec 2025 | $268.6B | $173.2B | $-95.4B |
| Nov 2025 | $249.4B | $176.4B | $-73.0B |
| Oct 2025 | $261.2B | $196.5B | $-64.7B |
| Sep 2025 | $263.1B | $179.2B | $-83.9B |
| Aug 2025 | $250.3B | $173.5B | $-76.8B |
| Jul 2025 | $279.5B | $169.2B | $-110.3B |
| Jun 2025 | $253.8B | $173.4B | $-80.4B |
| May 2025 | $264.3B | $176.6B | $-87.7B |
| Apr 2025 | $264.2B | $182.4B | $-81.9B |
| Mar 2025 | $330.5B | $185.4B | $-145.1B |
Feb 2026
Imp: $253.6B · Exp: $195.1B
Jan 2026
Imp: $260.5B · Exp: $186.4B
Dec 2025
Imp: $268.6B · Exp: $173.2B
Nov 2025
Imp: $249.4B · Exp: $176.4B
Oct 2025
Imp: $261.2B · Exp: $196.5B
Sep 2025
Imp: $263.1B · Exp: $179.2B
Aug 2025
Imp: $250.3B · Exp: $173.5B
Jul 2025
Imp: $279.5B · Exp: $169.2B
Jun 2025
Imp: $253.8B · Exp: $173.4B
May 2025
Imp: $264.3B · Exp: $176.6B
Apr 2025
Imp: $264.2B · Exp: $182.4B
Mar 2025
Imp: $330.5B · Exp: $185.4B
UNITED KINGDOM
Exports: $99B · Imports: $93B
CANADA
Exports: $90B · Imports: $57B
IRELAND
Exports: $83B · Imports: $30B
SWITZERLAND
Exports: $65B · Imports: $35B
United Kingdom Islands, Caribbean
Exports: $55B · Imports: $16B
CHINA
Exports: $55B · Imports: $22B
MEXICO
Exports: $50B · Imports: $45B
JAPAN
Exports: $49B · Imports: $42B
GERMANY
Exports: $45B · Imports: $48B
INDIA
Exports: $42B · Imports: $42B
SINGAPORE
Exports: $41B · Imports: $16B
NETHERLANDS
Exports: $37B · Imports: $16B
BRAZIL
Exports: $30B · Imports: $6B
FRANCE
Exports: $29B · Imports: $32B
LUXEMBOURG
Exports: $28B · Imports: $3B