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Vietnam Tops U.S. Trade Deficits in May at $20.6 Billion, Mexico Close Behind
U.S. bilateral trade deficits reached $20.6 billion with Vietnam and $20.1 billion with Mexico in May 2026. The data come from American statistical agencies on a balance-of-payments basis.
Jul 11, 2:03 PM·1m read2 sources
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Vietnam recorded the largest U.S. bilateral trade deficit in May 2026 at $20.6 billion, followed by Mexico at $20.1 billion, Taiwan at $19.4 billion and China at $14.5 billion. The figures are reported on a balance-of-payments basis by American statistical agencies.
Mexico’s deficit widened by $5.3 billion from $14.8 billion in April. U.S. exports to Mexico fell while imports from Mexico rose during the month. For the full year 2025 the ranking of largest deficits stood at the European Union, China, Mexico, Vietnam and Taiwan.
Taiwan’s annual deficit rose $73.0 billion to $146.8 billion, and Vietnam’s rose $54.7 billion to $178.2 billion. The overall U.S. trade deficit for 2025 totaled nearly $900 billion.
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