U.S. $1.21 Trillion Non-Fuels Goods Trade Deficit in 2023 vs. EU $0.47 Trillion Surplus and China’s $1.29 Trillion Surplus

In 2023, the U.S. reached a $1.21 trillion non-fuels goods trade deficit, highlighting a persistent and worsening trend since the 1990s. In contrast, the European Union reached a $0.47 trillion surplus, a level maintained since 2015, while China reached a $1.29 trillion surplus, reflecting its continued dominance in global trade.