| Deficit: $74.4 Billion +5.6%° | Imports: $274.5 Billion +6.3%° |
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What is the latest US trade deficit?
The gap in trade of goods and services grew 6.7% to $75.7 billion , according to Commerce Department data released Thursday.
Does the US have a current account trade deficit 2020?
The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, widened by $167.0 billion, or 34.8 percent, to $647.2 billion in 2020.
What 5 Nations does the US have the biggest trade deficit with?
| Rank Country Deficit | 1 China -187.2 | 2 Mexico -61.2 | 3 Vietnam -49.4 | 4 Germany -39.6 |
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What country has the largest trade deficit?
In 2020, the United States reported the highest trade balance deficit with approximately 975.91 billion U.S. dollars.
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 – $93.4 billion.
Who is China’s biggest trade partner?
| Rank | 1. | Importer | United States | Exports from China (US$) | $452,576,771,000 | 2019-20 | +8.1% |
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Which country has the largest trade surplus with the United States?
In 2020, China was the country with the highest trade surplus with approximately 535.37 billion U.S. dollars. Typically a trade surplus indicates a sign of economic success and a trade deficit indicates an economic weakness.
Does the US have a trade deficit with Japan?
The U.S. goods trade deficit with Japan was $55.4 billion in 2020 , a 19.9 percent decrease ($13.8 billion) over 2019. The United States has a services trade surplus of an estimated $7.4 billion with Japan in 2020, down 48 percent from 2019.
What is America’s #1 export?
Services are the biggest US export, with total foreign sales of $778 billion last year. ... These are the service industries that bring in the most money: Travel and transportation: $236 billion.
What are the top 3 imports of China?
Its top imports are integrated circuits ($207B) , crude petroleum ($144B), iron ore ($59B), cars ($46.8B) and gold ($40.3B).
Where does the US get its oil?
Saudi Arabia , the largest OPEC exporter, was the source of 7% of U.S. total petroleum imports and 8% of U.S. crude oil imports. Saudi Arabia is also the largest source of U.S. petroleum imports from Persian Gulf countries.
Who is Russia’s largest trading partner?
The EU is Russia’s biggest trade partner, accounting for 37.3% of the country’s total trade in goods with the world in 2020. 36.5% of Russia’s imports came from the EU and 37.9% of its exports went to the EU. Russia is the origin of 26% of the EU’s oil imports and 40% of the EU’s gas imports*.
Who is the US biggest trading partner?
| 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 |
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Who is South Africa’s biggest trading partner?
South Africa’s top trading partners are China, Germany, the United States, the UK, India and Japan. South Africa is the EU’s largest trading partner in Africa.
What does the US trade the most?
Exports The top exports of United States are Refined Petroleum ($84.9B) , Crude Petroleum ($61.9B), Cars ($56.9B), Integrated Circuits ($41.4B), and Vehicle Parts ($41.2B), exporting mostly to Canada ($252B), Mexico ($235B), China ($103B), Japan ($70.1B), and Germany ($59.8B).
