Thursday, August 3, 2023

US Trade Deficit 2022

The US Trade Deficit has grown from -3.95B in 1970 to

-951.18B in 2022.  It is approaching $1 trillion per year. 

Year     Deficit B    Imports   Exports

2023 

2022   -951.188B  3969643  3018455

2021   -841.573B  3408600  2567024

2020   -627.50B

2019   -578.79B

2018   -593.08B

2017   -536.73B

2016   -506.25B

2015   -526.20B

2014   -510.04B

2013   -479.39B

2012   -551.62B

2011   -579.62B

2010   -532.31B

2009  -419.15B

2008  -740.87B

2007  -735.93B

2006  -786.45B

2005  -739.90B

2004  -634.14B

2003  -521.96B

2002  -439.75B

2001  -376.75B

2000  -381.07B

1999  -259.55B

1998  -162.71B

1997  -101.97B

1996  -96.38B

1995  -89.76B

1994  -92.49B

1993  -65.18B

1992  -34.74B

1991  -28.61B

1990  -77.82B

1989  -86.74B

1988  -109.39B

1987  -144.77B

1986  -131.87B

1985  -114.02B

1984  -102.73B

1983  -51.64B

1982  -19.97B

1981  -12.52B

1980  -13.05B

1979  -22.55B

1978  -25.37B

1977  -23.09B

1976  -1.63B

1975  -15.98B

1974  -0.82B

1973  -4.11B

1972  -3.37B

1971  -0.62B

1970  -3.95B

https://www.macrotrends.net/countries/USA/united-states/trade-balance-deficit#:~:text=U.S.%20trade%20balance%20for%202020,a%2010.5%25%20increase%20from%202017.

Comments

The US Trade Deficit needs to be reduced by re-shoring US manufacturing especially in pharma, electronics and mining rare earth minerals. The US needs to become energy independent again and return manufacturing to US rural cities.

Norb Leahy, Dunwoody GA Tea Party Leader

 

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