Who is the US’s largest trading partner?

Who is United States biggest 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?

Also shown is each import country’s percentage of total American exports.

• 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%)

13 февр. 2021 г.

What are the top 5 export trade partners for the US?

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.

Is China the US largest trading partner?

Thanks to an increase in U.S. exports, China in 2020 was once again the United States’ top trade partner. Not imports from China.

What is US biggest 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 does US import the most?

What Are the Major U.S. Imports?

• 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.

17 дек. 2019 г.

What does US export to Japan?

U.S. exports to Japan account for 4.5% of overall U.S. exports in 2019. The top export categories (2-digit HS) in 2019 were: mineral fuels ($9.3 billion), aircraft ($8.8 billion), optical and medical instruments ($7.1 billion), machinery ($7.0 billion), and electrical machinery ($4.6 billion).

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 countries does US trade with the most?

These are the biggest U.S. trade partners

• China – $636 billion.
• Canada – $582.4 billion.
• Mexico – $557 billion.
• Japan – $204.2 billion.
• Germany – $171.2 billion.
• South Korea – $119.4 billion.
• United Kingdom – $109.4 billion.
• France – $82.5 billion.

7 мар. 2018 г.

Which country is the largest and closest trading partner to Canada?

List of the largest trading partners of Canada

Which two countries have the largest bilateral trade relationship in the world?

The European Union and the United States have the largest bilateral trade and investment relationship and enjoy the most integrated economic relationship in the world.

Why is US trade deficit so high?

The large U.S. trade deficit is fundamentally driven by larger economic factors — like the fact Americans spend more than they save and have to borrow from abroad to finance the difference, Lovely said. Trump’s $1.5 trillion tax cut in 2017 contributed to that problem by running up the U.S. budget deficit.

What are the top 3 Imports of China?

Searchable List of China’s Most Valuable Import Products

Does China rely on the US?

But various data suggest that such a process may be challenging as the two economies have grown more connected over the years. The U.S. and China have been major trading partners for years, and they rely on each other’s supply chain for input into goods and services consumed within their borders.

How much does the United States owe China?

Foreign investors hold roughly 40% of the US’ debt