Top 15 countries driving the US trade deficit in 2025
A country's economy grows through mutually beneficial trade partnerships and international collaboration. Countries export surplus goods and services and compensate for what they lack through imports. When the imports exceed exports, it results in trade deficits.
The United States has long played a central role in global trade, forging agreements with nations worldwide. It is also an important market with an affluent consumer base. With high purchasing power, the US continues to meet increasing demands by importing more goods than it exports.
This gallery highlights the countries with which the US maintained a goods trade deficit in 2025. Intrigued? Click through to explore the key players in America’s trade landscape.
All figures in USD.
15. Indonesia
The US and Indonesia share a Trade and Investment Framework Agreement (TIFA) to enable and promote bilateral economic ties. There is substantial exchange of goods and service between the two countries.
In 2024 alone, goods trade between the US and Indonesia reached $38.3 billion. In 2025, year-to-date goods trade has reached approximately $15 billion, with the US maintaining a deficit of $7.8 billion.
14. Malaysia
In 2025, the value of the total goods traded is more than $28 billion between the two nations. In this exchange, the US maintains a trade deficit of $10.5 billion.
13. Italy
The US has traditionally been one of Italy's most significant export markets outside of Europe. Both countries have substantial investment in each other’s industries.
12. Thailand
Thailand is an important source of import for the US. Though the two countries lack a free trade agreement, there exists a TIFA created in 2002.
11. South Korea
South Korea has a free trade agreement with the US. This makes it an important economic partner for America.
10. India
The US has been India’s largest trading partner, with the United States being a crucial export destination for India. However, the US maintains a trade deficit of $23.3 billion year-to-date.
9. Canada
The trade relationship between Canada and the US crosses all industries. The two nations are each other's largest trading partners.
8. Japan
Japan is the fourth-largest economy in the world and a important trade partner of the US. Year-to-date trade deficit with Japan is $24.4 billion.
7. Germany
The US has been a net importer of good and services from Germany. This has resulted in a year-to-date trade deficit of $27.6 billion.
6. Taiwan
Taiwan has consistently ranked as one of the top trading partners of the US. The year-to-date trade deficit is $31.9 billion.
5. Vietnam
The economic relationship between the two countries has strengthened over time. The US is an important market for Vietnamese goods, with the former running a trade deficit of $50.1 billion in 2025.
4. Switzerland
Switzerland’s highly developed economy and strong financial sector make it an important US partner. The year-to-date US goods trade deficit with Switzerland stands at $52.1 billion.
3. Mexico
The US has had a long-standing trading relationship with Mexico. In 2025, $285.1 billion worth of trade was carried out, with the US running a deficit of $61.3 billion.
2. Ireland
Ireland is an important trade partner of the US. In 2025, the US runs a deficit of $65.2 billion with Ireland.
1. China
America's highest trade deficit is with China. The year-to-date trade deficit stands at $88 billion.
