What Country Is The Largest Importer Of American Goods?

Rounding out the list of America’s top trading partners in terms of U.S. export sales, the following ten countries ranked highest in 2017.

  • Canada: US$282.5 billion (18.3% of total US exports)
  • Mexico: $243 billion (15.7%)
  • China: $130.4 billion (8.4%)
  • Japan: $67.7 billion (4.4%)
  • United Kingdom: $56.3 billion (3.6%)

Who is the US number 1 trading partner?

List of the largest trading partners of the United States

Rank Country/District Trade Balance
1 China -375,576
2 Canada -17,054
3 Mexico -70,953
4 Japan -68,876

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What are the top 5 countries that the US imports from?

Five countries make up over half of all U.S. imports. They are China, Canada, Mexico, Japan, and Germany. The United States imported the most goods from Canada until 2007 when China replaced our neighbor to the north. In 2018, these five countries supplied 58% of the $2.4 trillion in U.S. imports of goods.

Which country is the largest importer?

Largest Importers

Rank Country % of Global Imports
#1 USA 13.4%
#2 China 10.2%
#3 Germany 6.5%
#4 Japan 3.7%

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What countries export the most to the US?

The Top Countries Exporting to the U.S.

  1. Mexico. The primary exports to the U.S. from south of the border are manufactured or assembled goods, such as automobiles, computers and machinery.
  2. Canada.
  3. Japan.
  4. South Korea.
  5. United Kingdom.
  6. Ireland.
  7. India.
  8. The Economic Climate.
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Why is US Canada largest trading partner?

The US and Canada are each other’s largest trading partners – almost US $1.5 billion in merchandise trade crosses the Canada-US border every day. Millions of US jobs depend on Canadian imports from the US. Canada is the leading foreign source of energy supplied to the US.

What country does the US have the largest trade deficit with?

The two largest are China and Japan. Some of the largest deficits are with countries in the third category. They are Canada, Mexico, and Germany. The countries with which the United States has the largest trade deficits in goods are not always its most important trading partners.

What are the top 3 Imports of China?

China’s Top 10 Imports

  • Electrical machinery, equipment: US$521.5 billion (24.4% of total imports)
  • Mineral fuels including oil: $347.8 billion (16.3%)
  • Machinery including computers: $202.3 billion (9.5%)
  • Ores, slag, ash: $135.9 billion (6.4%)
  • Optical, technical, medical apparatus: $102.5 billion (4.8%)
  • Vehicles: $81.5 billion (3.8%)

What country imports the most?

The United States was the largest beef importer in the world in 2018 followed by China & Japan. The United States, China & Japan accounted for roughly 41% of the world’s beef imports. The United States accounted for roughly 16% of the world’s beef imports.

What are America’s biggest imports?

What Are the Top 10 U.S. Imports?

  1. Oil – $356 billion.
  2. Machines, Engines, Pumps – $330 billion.
  3. Electronic Equipment – $319 billion.
  4. Vehicles – $265 billion.
  5. Medical Equipment – $76 billion.
  6. Pharmaceuticals – $73 billion.
  7. Gems, Precious Metals, and Coins – $65 billion.
  8. Furniture, Lighting, and Signs – $55 billion.

Which country is the largest importer from India?

Largest trading partners

Rank Country Imports
1 China 68.06
2 United States 25.7
3 United Arab Emirates 19.45
4 Saudi Arabia 20.32

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What does China import the most?

The top export destinations of China are the United States ($476B), Hong Kong ($255B), Japan ($157B), Germany ($109B) and South Korea ($98.1B). The top import origins are Other Asia ($151B), South Korea ($149B), Japan ($136B), the United States ($133B) and Germany ($95B).

Which country is the largest importer of gold in the world?

From a continental perspective, Asian countries accounted for the highest dollar worth of imported gold during 2017 with purchases valued at $209.6 billion or 59.7% of the global total. In second place were European importers at 33.9% while 4.8% of international gold imports were delivered to North America.

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What are the top US exports to China?

The top five U.S. exports to China by value through March were the categories of Civilian aircraft, parts; Computer chips; Motor vehicles for transporting people; Soybeans; and Plasma, vaccines, blood, respectively. They accounted for 38.35 percent of total exports to China.

What is America’s main export?

Just 9% of exported goods are foods, feeds, and beverages ($133 billion). The big three are soybeans ($18 billion), meat and poultry ($20 billion), and corn ($14 billion). Food exports are falling since many countries don’t like U.S. food processing standards.

What countries does the US not trade with?

○ U.S. law does not prohibit foreign-incorporated and headquartered subsidiaries from trading with Iran, Sudan, Burma, North Korea or Syria as long as such decisions are made independently by foreign nationals and no U.S.-origin goods, services or technology are involved.

What are Canada’s biggest trading partners?

Canada’s Top Trading Partners

  • United States: US$337.8 billion (75.1% of total Canadian exports)
  • China: $21.3 billion (4.7%)
  • United Kingdom: $12.6 billion (2.8%)
  • Japan: $10 billion (2.2%)
  • Mexico: $6.3 billion (1.4%)
  • South Korea: $4.5 billion (1%)
  • Germany: $3.7 billion (0.8%)
  • Netherlands: $3.7 billion (0.8%)

Does Canada have a trade deficit with USA?

In 2016, the goods and services trade between the two countries totaled $627.8 billion. The United States had a $12.5 billion trade surplus with Canada in 2016. Canada has historically held a trade deficit with the United States in every year since 1985 in net trade of goods, excluding services.

What are Canada’s major imports?

Canada’s main imports are: machinery and equipment, vehicles and parts, crude oil, chemicals, electricity, durable consumer goods. There are three main ways to calculate a country’s GDP.

Who is China’s biggest trading partner?

China’s Top Trading Partners

  1. Netherlands: $73.1 billion (2.9%)
  2. United Kingdom: $57 billion (2.3%)
  3. Singapore: $49.8 billion (2%)
  4. Taiwan: $48.7 billion (2%)
  5. Russia: $48 billion (1.9%)
  6. Australia: $47.5 billion (1.9%)
  7. Malaysia: $45.8 billion (1.8%)
  8. Mexico: $44.1 billion (1.8%)

How much trade is there between US and China?

Exports were $179.3 billion; imports were $557.9 billion. The U.S. goods and services trade deficit with China was $378.6 billion in 2018. China is currently our largest goods trading partner with $659.8 billion in total (two way) goods trade during 2018.

Who buys the most from the US?

Rounding out the list of America’s top trading partners in terms of U.S. export sales, the following ten countries ranked highest in 2017.

  • Canada: US$282.5 billion (18.3% of total US exports)
  • Mexico: $243 billion (15.7%)
  • China: $130.4 billion (8.4%)
  • Japan: $67.7 billion (4.4%)
  • United Kingdom: $56.3 billion (3.6%)
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What goods are imported to the US?

According to the Bureau of Economic Analysis, the U.S. imported $239.2 billion worth of goods in March compared to exports of just $187.8 billion. Fuel, especially crude oil, is still a major import for many US states. Not coincidentally, machinery and transportation is the second most highly imported commodity.

What are the top 3 exports?

America’s Top 10 Exports

  1. Machinery – $206 billion.
  2. Electronic equipment (including computers) – $170 billion.
  3. Spacecraft and aircraft – $131 billion.
  4. Cars – $127 billion.
  5. Petroleum – $106 billion.
  6. Medical equipment – $83 billion.
  7. Plastics – $60 billion.
  8. Gems, precious metals, and coins – $58 billion.

What are the top 3 Imports of Japan?

Searchable List of Japan’s Most Valuable Import Products

Rank Japan’s Import Product Change
1 Crude oil +26.4%
2 Petroleum gases +21.8%
3 Phone system devices including smartphones -0.2%
4 Coal, solid fuels made from coal +10.6%

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Which country has the richest middle class?

Which country has the richest middle class? For decades, the United States boasted the honor of having the richest middle-class. However, as of 2015, Canada has the wealthiest middle class of any country in the world.

Who is the largest private landowner in the US?

These are the 10 biggest landowners in the United States

  • John Malone. Malone is the largest landowner in the US, with 2.2 million acres of land.
  • Ted Turner.
  • The Emmerson family.
  • Brad Kelly.
  • The Reed family.
  • The Irving family.
  • The Singleton family.
  • The King family.

Which country has the purest gold?

The top 10 gold producing countries

  1. The gold production accounts for more than 90% of the total mineral output in Ghana.
  2. China is the largest gold producing country in the world.
  3. The majority of the gold mines in Australia are located in Western Australia.
  4. Nevada is the top gold producing state in the US.

Photo in the article by “Flickr” https://www.flickr.com/photos/eiagov/28450489897

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