who is america’s biggest trade partner

Who Is America’s Biggest Trade Partner?

List of the largest trading partners of the United States
Rank Country/District Total Trade
World 3,888,236
European Union 717,902
1 China 635,364
2 Canada 581,584

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 the US biggest trading partner 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. Mexico, Canada, Japan, and Germany rounded out the top five trading partners for the U.S. based on import value in that year.Mar 22, 2021

Is China the US largest trading partner?

China is currently our largest goods trading partner with $559.2 billion in total (two way) goods trade during 2020. Goods exports totaled $124.5 billion; goods imports totaled $434.7 billion.

Who are the top 10 largest trading partners of the United States?

United States trade balance, exports and imports by country

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 China biggest trade partner?

Top 15
  • United States: US$452.6 billion (17.5% of China’s total exports)
  • Hong Kong: $272.7 billion (10.5%)
  • Japan: $142.6 billion (5.5%)
  • Vietnam: $113.8 billion (4.4%)
  • South Korea: $112.5 billion (4.3%)
  • Germany: $86.8 billion (3.4%)
  • Netherlands: $79 billion (3%)
  • United Kingdom: $72.6 billion (2.8%)

What is America’s biggest exports?

These are the top US exports
  • 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.

Who are the 3 biggest US trade partners?

China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports. But this landscape could be reshaped as President Trump pursues “America First” policies and reworks free trade deals. U.K.

How much does the US trade with Canada?

U.S.-Canada Trade Facts

U.S. goods and services trade with Canada totaled an estimated $718.4 billion in 2019. Exports were $360.4 billion; imports were $358.0 billion. The U.S. goods and services trade surplus with Canada was $2.4 billion in 2019.

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Which country does the US trade with the most?

Year-to-Date Total Trade
Rank Country Exports
Total, All Countries 1,438.8
Total, Top 15 Countries 1,013.7
1 Mexico 228.6
2 Canada 252.3

What is America’s biggest import?

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.

What does America sell to China?

Aircraft, soybeans, motor vehicles and microchips are top U.S. exports to China. Since 2001, the share of these exports going to China has increased sharply. Soybeans and motor vehicles are targets of recent Chinese tariffs. Production of these two exports is geographically concentrated.

What 5 countries does the US have the highest surplus and the highest deficit?

In 2018, the biggest trade deficits were recorded with China, Mexico, Germany, Japan, Ireland, Vietnam and Italy and the biggest trade surpluses with Hong Kong, Netherlands, Australia, United Arab Emirates, Belgium, Brazil and Panama.

Why is US Canada largest trading partner?

Canada and the United States enjoy the largest trading relationship in the world. A secure and efficient flow of goods and people across the border is vital to both countries’ economic competitiveness and prosperity. … The United States maintains an embassy in Ottawa and consulates general across Canada.

Who is Russia’s largest trading partner?

In 2020, Russia’s main trade partner was China, as the volume of export and import trade between the two countries reached nearly 104 billion U.S. dollars. China was the country’s both leading import origin and export destination.

Who is Europe’s largest trading partner?

List of the largest trading partners of the European Union
Rank Country/district Exports
1 China 202.5
2 United States 353
3 United Kingdom 277.5
4 Switzerland 142.4

Who is Japan’s largest trading partner?

Japan top 5 Export and Import partners
Market Trade (US$ Mil) Partner share(%)
United States 140,430 19.90
China 134,681 19.09
Korea, Rep. 46,269 6.56
Other Asia, nes 43,001 6.09

What is China’s main export to the US?

The United States

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).

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What does the US export 2021?

Exports of goods increased $0.3 billion to $145.9 billion in June. Exports of goods on a Census basis increased $0.2 billion. Industrial supplies and materials increased $1.2 billion. Crude oil increased $1.6 billion.

U.S. International Trade in Goods and Services, June 2021.
Deficit: $75.7 Billion +6.7%°
Exports: $207.7 Billion +0.6%°
Imports: $283.4 Billion +2.1%°

What is England’s biggest export?

The following is a list of the exports of the United Kingdom.
# Product Value (in millions of USD)
1 Cars 38,573
2 Gas turbines 26,385
3 Crude petroleum 23,673
4 Gold 23,316

What are the five leading exports that leave the United States?

America’s Top 10 Exports
  • Machinery – $206 billion. …
  • Electronic equipment (including computers) – $170 billion. …
  • Spacecraft and aircraft – $131 billion. …
  • Cars – $127 billion. …
  • Petroleum – $106 billion. …
  • Medical equipment – $83 billion. …
  • Plastics – $60 billion. …
  • Gems, precious metals, and coins – $58 billion.

Who is Canada’s biggest ally?

Britain was the chief foreign contact before World War II. Since then Canada’s most important relationship, being the largest trading relationship in the world, is with the United States.

What does US trade with Mexico?

In 2020, Mexico was the second-largest supplier of foreign crude oil to the United States, as well as the largest export market for U.S. refined petroleum products and U.S. natural gas. Other top U.S. exports to Mexico include machinery, electrical machinery, vehicles, mineral fuels, and plastics.

Does Canada rely on the US?

Canada relies overwhelmingly on the US for trade

Over two-thirds of Canada’s exported goods were sold to the U.S. in 2017, according to data obtained from the UN Comtrade Database.

Which country has the most exports?

China has been the largest exporter of goods in the world since 2009. 1 Official estimates suggest the country’s total exports amounted to $2.641 trillion in 2019. 2 In 2013, China became the largest trading nation in the world.

Who is the largest importer in the world?

the U.S.
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 does US export to Canada?

In 2020, U.S. exports of goods to Canada totaled $256.1 billion. The top export categories (2-digit HS) in 2020 to Canada were: machinery ($39billion), vehicles ($38 billion), electrical machinery ($22 billion), mineral fuels ($16 billion), and plastics ($13 billion).

What is China’s largest import?

Searchable List of China’s Most Valuable Import Products
Rank China’s Import Product 2020 Value (US$)
1 Integrated circuits/microassemblies $350,845,066,000
2 Crude oil $176,321,269,000
3 Iron ores, concentrates $118,944,291,000
4 Cars $44,923,331,000
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What is Germany’s biggest import?

Imports The top imports of Germany are Cars ($75B), Vehicle Parts ($41.1B), Packaged Medicaments ($30.5B), Crude Petroleum ($29.4B), and Refined Petroleum ($23.5B), importing mostly from Netherlands ($106B), China ($96.9B), France ($76.2B), Belgium ($68.9B), and Poland ($68.4B).

Which country has the biggest current account surplus 2021?

Germany (US$275 billion) had the largest absolute surplus, followed by Japan (US$185 billion) and China (US$141 billion).

Who are Canada’s 5 top export partners?

Canada top 5 Export and Import partners
Market Trade (US$ Mil) Partner share(%)
United States 336,215 75.37
China 17,536 3.93
United Kingdom 14,928 3.35
Japan 9,516 2.13

Who does Canada trade the most with?

The United States
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.

Are China and Canada allies?

Bilateral relationship

Canada’s relationship with China is long-standing and dates from well before the establishment of diplomatic relations in 1970. Canada is represented by an embassy in Beijing and consulates general in Chongqing, Guangzhou, Hong Kong and Shanghai.

Who is Germany’s largest trading partner?

The People’s Republic of China
The People’s Republic of China is again Germany’s main trading partner. According to final results, goods worth 213.2 billion euros were traded between Germany and the People’s Republic of China in 2020 (exports and imports).

Top 15 US Trading Partners and Their Trade Composition (1962-2018)

US Largest Trade Deficit – with Top 10 Trading Partner Countries From 1985 To 2019 – US$ Million

Top 5 Chinese Trading Partners

Each Country’s Biggest Trading Partner By Year IN 30 SECONDS | USA vs China Trade War

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