Who is the US largest trading partner 2020?
China
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.
What are the top 10 trading partners of the US?
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 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.
Is Mexico the US largest trading partner?
U.S.-Mexico Trade Facts The U.S. goods and services trade deficit with Mexico was $98.5 billion in 2019. Mexico is currently our largest goods trading partner with $614.5 billion in total (two way) goods trade during 2019.
Where does the US rank in trade?
The United States is the world’s largest trading nation, with over $5.6 trillion in exports and imports of goods and services in 2019. The U.S. has trade relations with more than 200 countries, territories, and regional associations around the globe. The United States is the 2nd largest goods exporter in the world.
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.
Who are the top 5 trading partners for the US?
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.
What is the US’s greatest export to France?
Bilateral Trade by Products In 2019, United States exported $28.6B to France. The main products exported from United States to France were Crude Petroleum ($1.92B), Refined Petroleum ($1.26B), and Packaged Medicaments ($1.14B).
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. The U.S. services trade surplus with China was $24.8 billion in 2020.
Who is the US’s biggest trading partner?
U.S. trade with other nations is worth $4.9 trillion per year. 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?
Who is China 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. Last year, the total value of bilateral trade between the two countries was $737.1 billion, with U.S. imports from China valued at $557.9 billion and U.S. exports to China valued at $179.3 billion.
What is America’s number one export?
Searchable List of America’s Most Valuable Export Products
| Rank | US Export Product | 2020 Value (US$) |
|---|---|---|
| 1 | Processed petroleum oils | $60,709,450,000 |
| 2 | Crude oil | $50,285,962,000 |
| 3 | Cars | $45,642,596,000 |
| 4 | Integrated circuits/microassemblies | $44,212,664,000 |
Who is China biggest trading partner?
Searchable Datalist of Countries Consuming China’s Exports
| Rank | Importer | Exports from China (US$) |
|---|---|---|
| 1. | United States | $452,576,771,000 |
| 2. | Hong Kong | $272,658,016,000 |
| 3. | Japan | $142,641,690,000 |
| 4. | Vietnam | $113,813,694,000 |
In 2018, of the $36.3 billion in U.S. exports to France, the top commodity sectors were Transportation Equipment (39.8%), Machinery and Mechanical Appliances (15.5%) and Chemicals, Plastics, Leather (13.6%).
Who is Chinas biggest trading partner?