diff --git a/go.mod b/go.mod
index e0f5e60a1e..94c8aab8f2 100644
--- a/go.mod
+++ b/go.mod
@@ -7,7 +7,7 @@ require (
 	cloud.google.com/go/compute/metadata v0.9.0
 	cloud.google.com/go/logging v1.17.0
 	cloud.google.com/go/monitoring v1.28.0
-	cloud.google.com/go/trace v1.15.0
+	cloud.google.com/go/trace v1.16.0
 	github.com/GoogleContainerTools/kpt-functions-catalog/functions/go/set-namespace v0.4.1-0.20220713210718-d955e7d3a800
 	github.com/GoogleContainerTools/kpt-functions-sdk/go/fn v0.0.0-20220706221933-7181f451a663
 	github.com/Masterminds/semver v1.5.0
diff --git a/go.sum b/go.sum
index a924fce5ad..74c85f48d9 100644
--- a/go.sum
+++ b/go.sum
@@ -21,8 +21,8 @@ cloud.google.com/go/monitoring v1.28.0 h1:jOe0Wkm+a56ptZnEeyHevXo7+KPWAPPP5wUTEJ
 cloud.google.com/go/monitoring v1.28.0/go.mod h1:72NOVjJXHY/HBfoLT0+qlCZBT059+9VXLeAnL2PeeVM=
 cloud.google.com/go/storage v1.62.0 h1:w2pQJhpUqVerMON45vatE2FpCYsNTf7OHjkn6ux5mMU=
 cloud.google.com/go/storage v1.62.0/go.mod h1:T5hz3qzcpnxZ5LdKc7y8Tw7lh4v9zeeVyrD/cLJAzZU=
-cloud.google.com/go/trace v1.15.0 h1:kAYkTwKyYHkGtAGFuu6qaUFRBkOVr+d1Yo44yZtGtgg=
-cloud.google.com/go/trace v1.15.0/go.mod h1:r+bdAn16dKLSV1G2D5v3e58IlQlizfxWrUfjx7kM7X0=
+cloud.google.com/go/trace v1.16.0 h1:GmQovzFc5F0CNfl0VLgL64aoTtu7xsM0YajW2GlG9+E=
+cloud.google.com/go/trace v1.16.0/go.mod h1:r+bdAn16dKLSV1G2D5v3e58IlQlizfxWrUfjx7kM7X0=
 github.com/Azure/go-ansiterm v0.0.0-20230124172434-306776ec8161 h1:L/gRVlceqvL25UVaW/CKtUDjefjrs0SPonmDGUVOYP0=
 github.com/Azure/go-ansiterm v0.0.0-20230124172434-306776ec8161/go.mod h1:xomTg63KZ2rFqZQzSB4Vz2SUXa1BpHTVz9L5PTmPC4E=
 github.com/BurntSushi/toml v0.3.1/go.mod h1:xHWCNGjB5oqiDr8zfno3MHue2Ht5sIBksp03qcyfWMU=
diff --git a/vendor/cloud.google.com/go/trace/internal/version.go b/vendor/cloud.google.com/go/trace/internal/version.go
index 1a103ffda6..9a57b33312 100644
--- a/vendor/cloud.google.com/go/trace/internal/version.go
+++ b/vendor/cloud.google.com/go/trace/internal/version.go
@@ -17,4 +17,4 @@
 package internal
 
 // Version is the current tagged release of the library.
-const Version = "1.15.0"
+const Version = "1.16.0"
diff --git a/vendor/modules.txt b/vendor/modules.txt
index 1e7ddb7a69..b20d87251c 100644
--- a/vendor/modules.txt
+++ b/vendor/modules.txt
@@ -51,7 +51,7 @@ cloud.google.com/go/longrunning/internal
 cloud.google.com/go/monitoring/apiv3/v2
 cloud.google.com/go/monitoring/apiv3/v2/monitoringpb
 cloud.google.com/go/monitoring/internal
-# cloud.google.com/go/trace v1.15.0
+# cloud.google.com/go/trace v1.16.0
 ## explicit; go 1.25.0
 cloud.google.com/go/trace/apiv2
 cloud.google.com/go/trace/apiv2/tracepb