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U.S.–China Goods Trade Balance
U.S. goods trade balance with China, trailing 12 months, $ billions
Plays the chart through its history. Pauses are where the data set a record or moved most.
Negative values mean the U.S. imports more from China than it exports there.
America’s goods deficit with China over the past year. It widened for two decades and has narrowed since tariffs and supply-chain shifts.
What this chart reads
- US–China goods trade balance (12 months)as “Balance with China”behindlatest 2026-08-01
Sources
US–China goods trade balance (12 months). Source: Palanor computes this series by summing monthly US exports to China minus imports from China over the trailing twelve months, using EXPCH and IMPCH from the US Census Bureau's FT-900 report as published in the FRED API.
Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.