The USA’s $1.1 trillion deficit is four times larger than India’s trade deficit

Key takeaways

The United States leads with a massive $1.1 trillion in trade deficit, over four times larger than India's $245.5 billion deficit
India and the United Kingdom follow, each exceeding $230 billion in trade deficits, reflecting high import reliance
The USA’s trade imbalance alone surpasses the combined deficits of the other nine countries on this list
Six of the top ten countries with the largest deficits are European economies

Global trade deficits vary widely, with the United States standing out at $1.1 trillion, more than four times larger than India’s $245.5 billion deficit. The USA’s trade deficit alone exceeds the combined deficits of the remaining nine countries, underscoring its high import consumption. The UK follows closely behind India with a $233.1 billion deficit, highlighting a reliance on imports. Japan, Spain, Greece, and Romania maintain deficits below $50 billion in a list dominated by European economies.

Source:

World Bank

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Period:

2023

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