FX.co ★ US Trade Deficit Lowest Since 2020

In September 2025, the United States reported a trade deficit of $52.8 billion, marking its lowest point since June 2020. This figure is a decrease from the $59.3 billion deficit recorded in August and falls below the forecasted $63.3 billion. Export activity experienced a 3% increase, reaching $289.3 billion, which is the second-highest level ever recorded. This boost was primarily driven by increases in nonmonetary gold, pharmaceutical products, and financial services, albeit tempered by reduced sales in the realms of computers, travel, and transportation. On the import side, there was a modest 0.6% rise, totaling $342.1 billion. Notable upticks were observed in the areas of pharmaceutical preparations, nonmonetary gold, computer accessories, transportation, and financial services. Conversely, imports of computers, crude oil, electrical apparatus, and travel items saw a decline. Regionally, the U.S. recorded the largest trade deficit with Ireland, amounting to $18.2 billion, followed closely by Mexico and the European Union, each at $17.8 billion. The trade gap with China decreased to $11.4 billion, while the deficit with Vietnam remained nearly unchanged at $14.4 billion. With Canada, the deficit was noted at $4.9 billion.