What Country Does The US Trade With The Most?

by | Last updated on January 24, 2024

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Rank Country Total Trade — Total, All Countries 2,558.7 — Total, Top 15 Countries 1,922.0 1

Mexico

375.5
2 Canada 372.8

Who is the US number 1 trading partner?


China, Canada and Mexico

are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.

Who does the US trade with the most?


China

was the top supplier of goods to the United States, accounting for 18 percent of total goods imports. The top five suppliers of U.S. goods imports in 2019 were: China ($452 billion), Mexico ($358 billion), Canada ($319 billion), Japan ($144 billion), and Germany ($128 billion).

Which country has the largest value of trade with the USA in 2020?

In 2020,

China

was the top trading partner of the United States based on import value. In that year, U.S. imports from China totaled to 435.4 billion U.S. dollars.

What countries does the US trade with 2020?

  • Canada: US$255.1 billion (17.8% of total US exports)
  • Mexico: $212.7 billion (14.9%)
  • China: $124.6 billion (8.7%)
  • Japan: $64.1 billion (4.5%)
  • United Kingdom: $59 billion (4.1%)
  • Germany: $57.8 billion (4%)
  • South Korea: $51.2 billion (3.6%)

What is America’s biggest import?

  • Machinery (including computers and hardware) – $386.4 billion.
  • Electrical machinery – $367.1 billion.
  • Vehicles and automobiles – $306.7 billion.
  • Minerals, fuels, and oil – $241.4 billion.
  • Pharmaceuticals – $116.3 billion.
  • Medical equipment and supplies – $93.4 billion.

What 5 Nations does the US have the biggest trade deficit with?

In 2018, the biggest trade deficits were recorded with

China, Mexico, Germany, Japan, Ireland, Vietnam and Italy

and the biggest trade surpluses with Hong Kong, Netherlands, Australia, United Arab Emirates, Belgium, Brazil and Panama.

Who is China’s biggest customer?

Rank 1 Country / Territory
United States
Total trade 583.3 Exports 429.7 Imports 153.9

What is Mexico’s number 1 export?

Among Mexico’s major exports are

machinery and transport equipment, steel, electrical equipment, chemicals, food products, and petroleum and petroleum products

. About four-fifths of Mexico’s petroleum is exported to the United States, which relies heavily on Mexico as one of its principal sources of oil.

What is America’s biggest export?

  • Top U.S. goods exports.
  • Food, beverage and feed: $133 billion. …
  • Crude oil, fuel and other petroleum products: $109 billion. …
  • Civilian aircraft and aircraft engines: $99 billion. …
  • Auto parts, engines and car tires: $86 billion. …
  • Industrial machines: $57 billion.
  • Passenger cars: $53 billion.

What countries rely on the US?

Rank Country/District Trade Balance 1 China -375,576 2 Canada -17,054 3 Mexico -70,953 – ASEAN -90,693

Who is the world’s largest importer?

In 2020,

the U.S.

were the leading import country in the world with an import value of about 2.41 trillion US dollars.

What country exports the most?


China

has been the largest exporter of goods in the world since 2009, and total Chinese exports amounted to $2.641 trillion in 2019. China’s exports and economy grew dramatically following the opening of the country under Deng Xiaoping.

Why is US Canada largest trading partner?

Canada is the

largest foreign supplier of crude oil

(25% of oil imports) and natural gas to the United States. In short, this energy relationship has enhanced U.S. energy security and provided Canada with a steady demand for its energy exports.

Who is India’s largest trading partner?

With a bilateral trade of $86.4 billion in fiscal 2021,

mainland China

has emerged as India’s largest trading partner, overtaking the US in the process and registering 5.53 per cent growth.

What percentage of US imports come from China?

U.S. goods imports from China account for

18.1%

of overall U.S. goods imports in 2019.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.