How Services Trade Offsets the Goods Deficit
Share of the goods trade deficit offset by the services trade surplus, 2025.
Canada$28.9B surplus vs. $46.4B goods deficit
62%
Combined USMCA$37.3B surplus vs. $243.3B goods deficit
15%
Mexico$8.4B surplus vs. $196.9B goods deficit
4%
Source: BEA FT-900 Exhibit 20b, USTR
Chart: Daniel Covarrubias, Ph.D. · The Bridge
Canada's services surplus offsets 62% of its goods deficit. With Mexico, the offset is smaller: 4.3%.
The combined USMCA services surplus ($37.3B) offsets 15.3% of the combined goods deficit ($243.3B).
Read the full analysis on The Bridge →The Bridge publishes weekly data-driven analysis of North American trade, technology, and policy.
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