In 2018, the US Trade Deficit with China was $416.5274
billion. In 2019, the US Trade Deficit with China is $231.576 billion for
January through August 2019. The average for 2019 is $28.947 billion per
month. If the average remains the same,
the US Trade Deficit with China is estimated at $347.364 billion, a reduction
of $69.1634 billion.
The US Trade Deficit or Surplus History from 1960 to 2018
is listed by year below.
From 1960 to 1971, the US exported more than it imported
and had Trade Surpluses and no Trade Deficits. The US had taken over
manufacturing after World War II and dominated global manufacturing from 1945
to 1971.
In 1971, the US began to run Trade Deficits along with a
few trade surpluses. Germany and Japan began manufacturing cars and production
equipment and gained US market share. US companies were required to open
manufacturing plants in foreign countries to make products for consumption in
those countries.
In 1983, the US trade deficit doubled from $24 billion to $58
billion and rose to $109 billion in 1984.
In 1998, the US Trade Deficit reached $259 billion. By
2000, the US trade deficit was $372.5 billion. In 2018, the US trade deficit
was $622 billion.
US
Trade Deficit or Surplus by Year from 1960 to 2018
1960
$3.508 billion surplus
1961
$4.195 billion surplus
1962
$3.370 billion surplus
1963
$4.210 billion surplus
1964
$6.022 billion surplus
1965
$4.664 billion surplus
1966
$2.939 billion surplus
1967
$2.604 billion surplus
1968
$250.635 billion surplus
1969
$91.607 billion surplus
1970
$2.254 billion surplus
1971
-$1.302 billion deficit
1972
-$5.443 billion deficit
1973
$1.900 billion surplus
1974
-$4.293 billion deficit
1975
$12.404 billion surplus
1976
-$6.082 billion deficit
1977
-$24.246 billion deficit
1978
-$29.763 billion deficit
1979
-$24.565 billion deficit
1980
-$19.407 billion deficit
1981
-$16.172 billion deficit
1982
-$24.156 billion deficit
1983
-$57.767 billion deficit
1984
-$109.072 billion deficit
1985
-$121.880 billion deficit
1986 -$138.538
billion deficit
1987
-$151.684 billion deficit
1988
-$114.566 billion deficit
1989
-$93.141 billion deficit
1990
-$80.864 billion deficit
1991
-$31.135 billion deficit
1992
-$39.212 billion deficit
1993
-$40.311 billion deficit
1994 -$98.493
billion deficit
1995
-$96.384 billion deficit
1996
-$104.065 billion deficit
1997
-$108.273 billion deficit
1998
-$168.140 billion deficit
1999
-$258.617 billion deficit
2000
-$372.517 billion deficit
2001
-$361.511 billion deficit
2002
-$418.955 billion deficit
2003
-$493.890 billion deficit
2004
-$609.883 billion deficit
2005
-$714.245 billion deficit
2006
-$761.716 billion deficit
2007
-$705.375 billion deficit
2008
–$708.726 billion deficit
2009
-$383.774 billion deficit
2010
-$495.225 billion deficit
2011 -$549.699
billion deficit
2012
-$537.408 billion deficit
2013
-$451.135 billion deficit
2014
-$489.584 billion deficit
2015
-$498.525 billion deficit
2016
-$502.001 billion deficit
2017
-$552.277 billion deficit
2018
-$622.106 billion deficit
Norb
Leahy, Dunwoody GA Tea Party Leader
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