It has become known which countries the US owes the most.

Below is a rewritten version of the news story:

The United States has revealed which countries are most indebted to.

Amid rising US national debt, foreign investors continue to hold trillions of dollars in US government securities. Japan remains the largest foreign holder of US Treasury bonds.

Japan has held the top position since 2019, when it overtook China. By June 2026, China had roughly halved its holdings of US government debt. At its peak in 2013–2014, its portfolio exceeded $1.3 trillion.

Japan currently holds $1.1 trillion in US bonds. The UK ranks second with $940 billion, and China third with $633 billion.

Smaller financial centers also rank high on this list. Belgium holds $483 billion in US Treasury bonds, the Cayman Islands $453 billion, and Luxembourg $434 billion.

The top 20 also includes Switzerland, Singapore, Hong Kong, Norway, India, Brazil, Saudi Arabia, South Korea, the UAE, and Israel.

The significant holdings of US Treasury securities are due to the countries' accumulated foreign exchange reserves, for which US bonds are considered a highly liquid instrument.

It is noted that Uzbekistan's public debt reached $48.3 billion in the second quarter of 2026, an increase of $1.3 billion over the quarter. The majority of these liabilities are external debt—$40.7 billion, or 84% of the total.