Trade balance in Northern America in 2024 — -899,853,986,387 US$. Since 2010, the indicator has fallen by 60.5%.
2010–2024 · US$
How the value compares with the world and the groups this territory belongs to: Northern America
| Year | US$ | Change | Change, % |
|---|---|---|---|
| 2024 | -900B | −118B | −15.11% |
| 2023 | -782B | +144B | +15.51% |
| 2022 | -925B | −79.78B | −9.44% |
| 2021 | -845B | −192B | −29.38% |
| 2020 | -654B | −52.58B | −8.75% |
| 2019 | -601B | +23.94B | +3.83% |
| 2018 | -625B | −47.15B | −8.16% |
| 2017 | -578B | −40.2B | −7.48% |
| 2016 | -538B | +23.39B | +4.17% |
| 2015 | -561B | −37.32B | −7.13% |
| 2014 | -524B | −17.95B | −3.55% |
| 2013 | -506B | +78.78B | +13.48% |
| 2012 | -584B | +13.85B | +2.31% |
| 2011 | -598B | −37.46B | −6.68% |
| 2010 | -561B | — | — |
The balance of foreign trade in goods and services: exports minus imports. This is the largest part of the current account but not the whole of it — investment income and remittances do not enter the trade balance, and for countries with large transfers the two indicators move in opposite directions. A surplus is not in itself a sign of a healthy economy: a country importing equipment for construction will run a deficit precisely because it is investing in growth.
Important: Goods and services together. For countries with large service exports — tourism, transport, software — the merchandise balance can be negative while the overall balance is positive.
Source: World Development Indicators (World Bank), license CC BY 4.0.
The value of goods shipped out and of services provided to non-residents, in US dollars.
Trade Imports of goods and servicesThe value of goods brought in and of services received from non-residents.
Trade Trade opennessExports plus imports as a percent of GDP — total foreign trade turnover.