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

What country has the largest trade deficit?

Top 20 countries with the largest deficit

What countries does the 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.

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.

What are the top 5 countries that the US exports to?

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.

Which country is the most in debt?

Japan has the highest debt-to-GDP ratio in the world at 177.08%.

What country has the best trade?

Year-to-Date Total Trade

Who is China’s biggest trade partner?

The United States. At $20.49 trillion, the United States boasts the largest economy in the world and is China’s largest trading partner.

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 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.

Which countries can the US not trade with?

Combined, the Treasury Department, the Commerce Department and the State Department list embargoes against 30 countries or territories: Afghanistan, Belarus, Burundi, Central African Republic, China (PR), Côte d’Ivoire, Crimea Region, Cuba, Cyprus, Democratic Republic of the Congo, Eritrea, Fiji, Haiti, Iran, Iraq, …

Who is the US biggest trading partner?

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.

Who does the US export the most to?

America’s Top Trading Partners

• Canada: US$300 billion (18% of total US exports)
• Mexico: $265 billion (16%)
• China: $120 billion (7.4%)
• Japan: $75.2 billion (4.6%)
• United Kingdom: $66.3 billion (4.1%)
• Germany: $57.3 billion (3.5%)
• South Korea: $56.5 billion (3.5%)
• Netherlands: $48.7 billion (3.0%)

Which country exports the most?

Top 20 export countries worldwide in 2019 (in billion U.S. dollars)

Where does the US get most of its resources?

The United States is currently 100% reliant on foreign sources of REEs and demand is satisfied by imports, primarily from China. In recent years, Chinese production has accounted for about 95 percent of the REE global market.

What countries are dependent on the US?

List of the largest trading partners of the United States