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Ranked: America’s Biggest Trade Deficits by Country

2026-02-25 01:52:33

Bar chart ranking America’s top 15 trade deficit partners in 2025, led by China at $202.1B, followed by Mexico and Vietnam, with total U.S. goods deficit at $1.24T

The Countries the U.S. Has the Biggest Trade Deficits With

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Key Takeaways

  • The U.S. goods trade deficit hit a record $1.24 trillion in 2025.
  • China, Mexico, and Vietnam are the three countries the U.S. has the biggest trade deficits with.
  • Tariffs remain a key policy tool as Washington seeks to narrow bilateral trade gaps.

In 2025, America imported far more goods than it exported — pushing the U.S. goods trade deficit to a record $1.24 trillion.

The top five countries alone account for roughly 67% of the total goods deficit. This chart ranks the 15 countries where the U.S. runs its largest goods trade deficits, led by China, Mexico, and Vietnam.

From semiconductors to autos to consumer electronics, these trade relationships underscore how deeply American demand is intertwined with global manufacturing.

Data comes from the U.S. Census Bureau, and the visualization was created by Aneesh Anand.

The Three Countries Behind Nearly Half the Gap

China leads the list with a $202.1 billion deficit, followed closely by Mexico ($196.9 billion) and Vietnam ($178.2 billion). These three countries account for 46% of the overall trade deficit.

Notably, several Asian and European export powerhouses dominate the rankings, underscoring deep U.S. integration in global supply chains.

Rank U.S. Trade Partner 2025 Deficit (US$ billion) YoY Change
1 🇨🇳 China 202.1 -32%
2 🇲🇽 Mexico 196.9 15%
3 🇻🇳 Vietnam 178.2 44%
4 🇹🇼 Taiwan 146.8 99%
5 🇮🇪 Ireland 114.2 32%
6 🇩🇪 Germany 73.0 -14%
7 🇹🇭 Thailand 71.9 58%
8 🇯🇵 Japan 63.9 -8%
9 🇮🇳 India 58.2 27%
10 🇰🇷 South Korea 56.4 -14%
11 🇨🇦 Canada 46.4 -25%
12 🇨🇭 Switzerland 34.3 -10%
13 🇲🇾 Malaysia 30.8 24%
14 🇮🇹 Italy 30.8 -30%
15 🇮🇩 Indonesia 23.7 33%

China has long been at the center of U.S. trade tensions. Despite years of tariffs and “decoupling” efforts, the bilateral goods deficit remains above $200 billion. Many consumer electronics, machinery, and intermediate goods still flow from Chinese factories to American buyers.

Mexico’s $196.9 billion deficit reflects its growing role as a manufacturing hub tied to U.S. supply chains, particularly in autos and electronics. Meanwhile, Vietnam’s $178.2 billion deficit highlights how production has shifted across Asia as firms diversify away from China.

Other countries high up the list include Taiwan ($146.8 billion) and Ireland ($114.2 billion), both key exporters of semiconductors and pharmaceuticals. Notably, the U.S. trade deficit with Taiwan nearly doubled year over year, rising 99% in 2025.

Why Trade Deficits Draw Political Attention

Trade deficits are not inherently “good” or “bad.” They often signal strong consumer demand and capital inflows. However, policymakers frequently view large, persistent deficits as a sign of lost manufacturing capacity or unfair trade practices.

While the overall U.S. trade deficit barely budged in 2025, bilateral gaps with certain countries remain politically sensitive. As a result, tariffs have been deployed to raise the cost of imports, encourage domestic production, and pressure trading partners into new agreements.

Still, tariffs can also increase costs for businesses and consumers, especially when supply chains are deeply intertwined. For a closer look at what drives these imbalances, see our breakdown of America’s trade deficit by product.

Goods vs. Services: A Different Story

It’s also important to distinguish between goods and services. While the U.S. runs a massive deficit in goods, it typically posts a surplus in services such as finance, technology, and intellectual property.

Looking at both sides of the ledger provides a more complete picture of America’s global economic position.

Learn More on the Voronoi App

For a deeper dive, check out America’s Services Trade Balances with Its Free Trade Partners on the Voronoi app to see how services surpluses offset goods deficits across key partners.

Ranked: How Wealthy the Top 1% Are in Each Major Economy

2026-02-24 23:21:53

See more visualizations like this on the Voronoi app.

Isometric graphic showing how the top !% net worth compares across major economies.

Use This Visualization

Ranked: How Wealthy the Top 1% Are in Each Major Economy

See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Key Takeaways

  • The U.S. has the wealthiest top 1%, with average per capita wealth of $16.4 million, far ahead of other major economies.
  • In America, the top 1% control 35% of all wealth, while the bottom 50% hold just $9,000 per person.
  • Mexico has the highest wealth concentration in this group, with the top 1% holding 37% of national wealth.

In the United States, the average member of the top 1% holds $16.4 million in wealth.

In Japan, that figure is less than half. In Mexico, it’s $2.7 million.

The “top 1%” may sound like a global tier of wealth, but how rich that group actually is depends heavily on where they live.

Using the latest data from McKinsey, we rank the world’s major economies by the per capita wealth of their top 1%, adjusted for purchasing power. The results reveal a startling gap: while American elites lead the pack with $16.4 million in wealth, others see a net worth of less than a third of this.

Top 1% Net Worth Per Capita in Major Economies

Below, we show how the top 1% compares by country, adjusted for purchasing power parity (PPP). This shows the true buying power across economies relative to the U.S. dollar:

Country Top 1% Average Per Capita Wealth (PPP) Bottom 50% Average Per Capita Wealth Top 1% Share of Wealth
🇺🇸 U.S. $16.4M $9K 35%
🇦🇺 Australia $10.6M $36K 24%
🇨🇦 Canada $9.1M $30K 24%
🇩🇪 Germany $9.1M $23K 28%
🇫🇷 France $8.5M $31K 27%
🇮🇹 Italy $7.2M $17K 22%
🇰🇷 South Korea $7.2M $10K 26%
🇯🇵 Japan $6.9M $22K 25%
🇬🇧 UK $5.0M $22K 21%
🇨🇳 China $3.2M $13K 30%
🇲🇽 Mexico $2.7M $3K 37%

The U.S. has the highest average per capita wealth for their top 1%, surpassing second-ranked Australia by $5.8 million.

In stark contrast, U.S. national per capita wealth sits at $470,000, while the bottom 50% holds a net worth of just $9,000, on average. Overall, the American top 1% controls 35% of the nation’s total wealth, a share that is steadily rising.

When adjusted for purchasing power, this share accounts for 5% of global wealth, rising to 9% when measured in absolute U.S. dollar terms.

While Australia holds the second-highest average at $10.6 million, its internal wealth gap is notably less extreme. Australia’s per capita wealth is comparable at $450,000, yet its bottom 50% holds a significantly higher average net worth of $36,000.

Similarly, this distribution pattern is broadly mirrored across Canada and major European economies.

In China, average per capita wealth of the top 1% stands at $3.2 million, against a national per capita wealth of $110,000. In fact, China’s bottom 50% holds more wealth per person than the bottom half in the U.S., when adjusted for purchasing power.

Learn More on the Voronoi App

To learn more about this topic, check out this graphic on wealth inequality by country.

Mapped: 85% of Babies in 2026 Will Be Born in Asia and Africa

2026-02-24 21:01:47

See more visuals like this on the Voronoi app.

This visualization maps the probability of being born in each region of the world

Use This Visualization

Mapped: 85% of Babies in 2026 Will Be Born in Asia and Africa

See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Key Takeaways

  • 85% of babies born in 2026 will be in Asia or Africa.
  • Asia alone will account for nearly half of global births.
  • Europe, North America, and Oceania combined will represent about 8% of global births.

In 2026, 85% of babies worldwide will be born in just two continents: Asia and Africa.

Where someone is born can shape everything from access to education and healthcare to long-term economic opportunity.

This map shows how global births are distributed across continents, based on population projections from the United Nations.

Asia Accounts for Nearly Half of Global Births

Asia is expected to see about 64.9 million births in 2026, accounting for roughly 49% of all births worldwide. Despite declining fertility rates in countries like China, Japan, and South Korea, Asia’s sheer population size keeps it at the center of global demographics.

Continent Births (millions) Share of Global Births
Asia 64.9 M 49.0%
Africa 47.6 M 35.9%
Europe 6.1 M 4.6%
Latin America & the Caribbean 9.3 M 7.0%
North America 4.0 M 3.0%
Oceania 0.7 M 0.5%
Antarctica 0.0 M 0.0%
World 132.5 M 100%

South and Southeast Asia, in particular, continue to contribute large numbers of births each year. As a result, nearly one in every two people born in 2026 will be born somewhere in Asia.

Africa Makes Up More Than One-Third of Global Births

Africa is projected to record 47.6 million births in 2026, representing 35.9% of the global total. This reflects the continent’s high fertility rates and young population structure.

Many African countries are still early in their demographic transitions, with limited declines in birth rates so far. As population growth accelerates, Africa’s share of global births has been rising steadily and is projected to increase further later this century.

Smaller Shares in the Rest of the World

All other continents account for a relatively small share of global births.

Latin America and the Caribbean are expected to see 9.3 million births, or 7% of the total, while Europe accounts for just 4.6%. North America’s share stands at 3%, reflecting lower fertility rates despite population growth driven by migration. Oceania contributes 0.5% of births, and Antarctica, with no permanent population, records no births at all.

Learn More on the Voronoi App

If you enjoyed today’s post, check out The World’s Safest (and Least Safe) Countries on Voronoi, the new app from Visual Capitalist.

Mapped: Minimum Age Laws for Social Media Around the World

2026-02-24 06:43:49

See more visualizations like this on the Voronoi app.

World map of social media bans and restrictions for children being considered by countries and states.

Minimum Age Laws for Social Media Around the World

See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Key Takeaways

  • A growing number of governments are setting minimum age thresholds for social media, most commonly under 15 or under 16.
  • Australia became the first country to enforce a nationwide under-16 restriction in 2025.
  • European countries account for the majority of new proposals, while several U.S. states have adopted their own rules.

Governments around the world are moving to set minimum ages for social media use, citing concerns about online safety and youth mental health.

While approaches differ, most policies focus on preventing children below a certain age—typically 15 or 16—from holding accounts, or requiring parental consent and age verification before access is granted.

This map highlights 15 countries and two U.S. states that have enacted or are formally considering legal age thresholds for social media platforms, leveraging data from BBC, Reuters, Euro Weekly.

The Countries Restricting Social Media for Children

Australia made history when its social media ban, a world first, came into force in December 2025. Other countries have since followed suit.

The data table below shows the countries and U.S. states that have passed or are discussing social media restrictions, along with the age group that would be affected:

Country Regulation Status Age Threshold
🇦🇺 Australia Passed Under 16
🇬🇷 Greece In discussion Under 15
🇫🇷 France Passed Under 15
🇪🇸 Spain In discussion Under 16
🇵🇹 Portugal Passed Under 16
🇳🇴 Norway In discussion Under 15
🇲🇾 Malaysia Passed Under 16
🇬🇧 United Kingdom In discussion Under 16
🇩🇰 Denmark In discussion Under 15
🇨🇿 Czechia In discussion Under 15
🇸🇮 Slovenia In discussion Under 15
🇩🇪 Germany In discussion Under 16
🇮🇹 Italy In discussion Under 15
🇮🇩 Indonesia In discussion Under 16
🇳🇿 New Zealand In discussion Under 16
🇺🇸 Nebraska Passed Under 18
🇺🇸 Virginia Passed Under 16

Australia’s legislation prevents under-16s from accessing social media, including the largest platforms such as Instagram, TikTok, and YouTube; those who already had accounts were signed out and banned when the law came into force. Social media companies face a fine of up to A$34.9 million if they fail to take “reasonable steps” for age verification.

France’s Assembly, its lower house, voted in favor of creating a statutory minimum age of 15 for social media. The proposed law now needs to be passed in the French Senate, or the upper house. Portugal mandated “express and verified parental consent” for anyone under 16 to use social media in a newly-approved bill, while having an outright ban for children under 13.

Across Europe, additional proposals are under discussion in countries including Greece, Spain, Denmark, Norway, Germany, Italy, Slovenia, and Czechia.

Outside Europe, Malaysia has passed age-based restrictions, while Indonesia and New Zealand are considering similar measures. The United Kingdom is also reviewing potential age-limit policies.

U.S. States Take Different Approaches

In the United States, states have adopted a range of policies.

Virginia introduced a law limiting social media use for minors under 16 to one hour per day by default, unless parental consent is provided.

Nebraska passed legislation aimed at restricting certain platform features for minors, including design elements such as infinite scrolling and autoplay that are intended to increase engagement.

Utah, legislating in 2023, was actually the first to require age verification for under-18s, however the legislation was repealed and replaced with less stringent requirements.

Social Media’s Impact on Young People

Many of the recent proposals are concentrated in Europe, where regulators have historically taken a more active role in technology and privacy policy. However, the approaches vary widely and do not always amount to outright bans.

It comes amid increasing concern around social media’s impacts on young people, who spend 7.5 hours online per day, according to the American Academy of Child and Adolescent Psychiatry.

Independent evidence suggests that excessive social media use can be harmful, while internal research by Facebook, now Meta, found Instagram made some teenage girls feel worse about their bodies. At the same time, independent researchers have called for more nuanced studies that account for socioeconomic factors, age differences, and specific platform use.

Originally developed as a way to connect with friends, social media platforms have also faced criticism over engagement-driven business models built around advertising. The recent wave of age-based laws reflects a broader shift toward increased regulatory oversight of the sector.

Learn More on the Voronoi App

To learn more about the social media ecosystem, check out this graphic which breaks down ad spending on social media platforms.

Ranked: The Biggest Price Shocks Businesses Are Facing

2026-02-24 02:36:36

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The following content is sponsored by Terzo

Inflation Shock: The Biggest Price Hikes Businesses Are Facing

Key Takeaways

  • Wholesale turkey had the largest price increase in 2025, with prices surging by 70%.
  • Metals make up eight of the 15 commodities with the highest inflation.

Before households feel inflation at the checkout line, it often starts much earlier in the supply chain. When businesses face rising input costs, those pressures can ripple outward, shaping everything from grocery bills to construction budgets. 

Created in partnership with Terzo, this graphic shows where business price hikes have been the most intense. It’s part of our Markets in a Minute series, which delivers quick economic insights for executives.

Commodities With the Most Sticker Shock

We’ve used data from the Producer Price Index, which tracks the prices businesses pay for inputs like raw materials, energy, and intermediate goods. The table below shows which commodities had the biggest price hikes in 2025.

Commodity Category Dec. 2024 to Dec. 2025 Price Increase
Wholesale Turkey Food & Agriculture 70%
Primary Metals* Metals 62%
Metal Ores* Metals 47%
Recycled Metals* Metals 31%
Aluminum Products Metals 31%
Aluminum Scrap Metals 25%
Wholesale Beef Food & Agriculture 21%
Copper Scrap Metals 20%
Industrial Gases Chemical & Industrial 18%
Nitrogen Fertilizers Chemical & Industrial 18%
Steel Products Metals 17%
Portfolio Management Services 17%
Fluid Power Equipment** Chemical & Industrial 16%
Wire and Cable* Metals 15%
Inedible Fats & Oils Food & Agriculture 14%

*Excluding iron and steel. **Uses pressurized liquid or gas. Source: U.S. Bureau of Labor Statistics, data as of December 2025.

One standout: turkeys. Businesses saw wholesale prices rise by 70% in the last year, driven by bird flu outbreaks that reduced supply. Businesses using turkey as a core input, such as deli meat producers, frozen meal manufacturers, and pet food companies will be hit particularly hard.

Turkey inflation has also impacted grocers, but companies typically have not passed these prices on to consumers around Thanksgiving. Many retailers treat turkeys as a loss leader, absorbing higher costs to draw shoppers into their stores.

Metals: Crowding the Leaderboard of High Inflation

Notably, eight of the top 15 biggest price hikes are related to metals. Aluminum prices have been pushed higher by energy-intensive smelting costs, tariffs that have reduced supply, and high demand for the metal in everything from vehicles to AI data centers.

Copper has also seen high inflation, driven by tight supply just as demand accelerates from electrification, power grids, and renewable energy infrastructure.

Analysts are mixed on what they see coming for copper prices. While Goldman Sachs predicts that copper prices will decline in 2026, J.P. Morgan Global Research expects the rally to continue.

To navigate this complexity, leading businesses are turning to smarter tools. Terzo’s all-in-one AI platform, NirvanAI, helps leaders transform company contracts into clear, actionable insights.

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Visualized: Where Attacks Happen in Cyber Intrusions

2026-02-24 02:31:08

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The following content is sponsored by Palo Alto

Where Attacks Happen in Cyber Intrusions

Key Takeaways

  • Most cyber intrusions span multiple surfaces, so detection must connect signals across layers.
  • Identity leads the attack surface list, but endpoints and networks still enable fast pivots.
  • The human layer remains decisive, making awareness and phishing resistance operational priorities.

Cyber intrusions rarely follow a single path once attackers get a foothold. Instead, they pivot across systems to widen impact and deepen damage.

This graphic, in partnership with Unit 42 by Palo Alto Networks, shows where attacks occur in cyber intrusions, based on data from the Unit 42 Global Incident Response Report.

Identity Is the Practical Perimeter

Here is a table that breaks intrusions into nine primary attack surfaces observed across investigations.

Attack Front Incidents Percentage
Identity 89%
Endpoints 61%
Network 50%
Human 45%
Email 27%
Application 26%
Cloud 20%
SecOps 10%
Database 1%

In Unit 42’s sample, 87% of incidents touched at least two surfaces, and 67% hit three or more. Because the categories overlap, a single case can span multiple layers at once.

Identity Dominates, but the “Human Layer” Still Drives Risk

Identity appears in 89% of cases, making it the most common surface in the dataset. Meanwhile, endpoints (61%) and networks (50%) remain common launch points for lateral movement.

Email (27%) and applications (26%) sit mid-pack, while cloud services appear in 20% of incidents. Still, even “lower” categories matter when attackers chain small wins into bigger access.

Humans show up in 45% of incidents, often through user-driven activity that enables the next pivot.

Integrated Defenses Beat Siloed Tools

Multi-surface activity means point solutions can miss context when attackers hop layers. Teams need shared signals across identity, endpoint, network, app, and cloud to spot chained actions early.

SecOps appears in 10% of cases, so attackers sometimes probe security operations tooling and workflows. As a result, integrated detection and response helps contain movement before it reaches databases, which appear in 1% of incidents.

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