Who Is The US Largest Trading Partner 2020?

by | Last updated on January 24, 2024

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In 2020, China was the top 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. Mexico, Canada, Japan, and Germany rounded out the top five trading partners for the U.S. based on import value in that year.

Who are the top 5 trading partners for the USA?

The top five purchasers of U.S. goods exports in 2019 were: Canada ($292.6 billion) , Mexico ($256.6 billion), China ($106.4 billion), Japan ($74.4 billion), and the United Kingdom ($69.1 billion). U.S. goods exports to the European Union 27 were $267.6 billion.

Who is US largest 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

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 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.

Who is Russia's biggest 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 China's largest trading partner?

Rank Country / Territory Exports 1 United States 429.7 2 European Union 375.1 – ASEAN 277.9 3 Japan 137.2

What is the US 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 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. Import and export are generally important pillars of a country's economy. The trade balance of a country shows the relationship between the values of a country's imports and exports.

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.

Which country does US trade with the most?

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

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 does the US get from Mexico?

The largest categories of imported goods from Mexico are vehicles, electrical machinery, machinery, agricultural products, mineral fuels, and optical and medical equipment .

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.

Which country has the largest trade deficit?

Rank Country Year 1 United States 2019 EST. 2 United Kingdom 2019 EST. 3 Kenya 2019 EST. 4 Brazil 2019 EST.

What does China export to the US?

The top goods exported from China to the U.S. and their total values for 2018 were electrical machinery ($152 billion) , machinery ($117 billion), furniture and bedding ($35 billion), toys and sports equipment ($27 billion), and plastics ($19 billion).

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.