What Country Is The US Largest Trading Partner?

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 are the 10 largest trading partners with the US in order?

In 2017, United States major trading partner countries for exports were Canada, Mexico, China, Japan and United Kingdom and for imports they were China, Mexico, Canada, Japan and Germany.

Which countries are the United States largest trading partners?

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.

Is the US Canada’s largest trading partner?

The United States is Canada’s chief trading partner , constituting more than two-thirds of all Canadian trade; exports account for a larger share of trade than imports. The dependence on U.S. trade is not just a technical matter of market shares in imports and exports.

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 is the US biggest export?

Rank US Export Product YOY 1 Processed petroleum oils -30.6% 2 Crude oil -23% 3 Cars -18.7% 4 Integrated circuits/microassemblies +10.3%

Who is China’s biggest customer?

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

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.

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.

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

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.

What is Canada’s biggest export to the US?

The top export categories (2-digit HS) in 2019 were: vehicles ($52 billion) , machinery ($45 billion), electrical machinery ($25 billion), mineral fuels ($25 billion), and plastics ($13 billion).

What is Canada’s biggest import?

The largest categories of goods that Canada imports include Automotive products ($115 billion); machinery ($69 billion); electronics ($72 billion); plastics ($45 billion); and energy ($37 billion). These imports don’t always involve the purchase of a consumer product such as a car or a laptop.

What is Canada’s biggest export?

  • Oil Drilling & Gas Extraction in Canada. ...
  • SUV & Light Truck Manufacturing in Canada. ...
  • Petroleum Refining in Canada. ...
  • Aircraft, Engine & Parts Manufacturing in Canada. ...
  • Copper, Zinc & Lead Refining in Canada. ...
  • Mineral & Phosphate Mining in Canada.
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.