Who is the largest in dollars trade partner with the United States?
Asked by: Dr. Cooper Bergstrom | Last update: March 18, 2025Score: 4.8/5 (69 votes)
Who is the USA's biggest trading partner?
Canada was the largest purchaser of U.S. goods exports in 2022, accounting for 17.3 percent of total U.S. goods exports. The top five purchasers of U.S. goods exports in 2022 were: Canada ($356.5 billion), Mexico ($324.3 billion), China ($150.4 billion), Japan ($80.2 billion), and the United Kingdom ($76.2 billion).
What is the largest exporter in the United States by dollar value?
Yearly Trade
The most recent exports are led by Refined Petroleum ($138B), Crude Petroleum ($118B), Petroleum Gas ($116B), Cars ($57.5B), and Integrated Circuits ($49.8B).
Who is the #1 exporter to the US?
Mexico | Mexico is now the largest exporter to the US
By the end of 2023, Mexico recorded a trade deficit of 5,463 million dollars ($5.46 bn). Manufacturing leads both exports and imports. Mexico solidified its position as the leading supplier in the US market while FDI dropped slightly in 2023.
Who holds America's top 5 trade deficits?
In 2022, the biggest trade deficits are recorded with China, Mexico, Vietnam, Canada, Germany, Japan, and Ireland, and the biggest trade surpluses with the Netherlands, Hong Kong, Brazil, Singapore, Australia, and United Kingdom.
U.S. Evaluates Trading Partners
Which US state is the biggest exporter?
Texas Exports & Foreign Investment
In 2021, exports from Texas supported an estimated 1.0 million jobs. Texas was the largest state exporter of goods in 2023. In 2023, Texas goods exports were $444.6 billion, an increase of 60 percent ($167 billion) from its export level in 2013 (latest data available).
What is America's biggest export?
- Oil.
- Civilian Aircraft Parts.
- Gasoline and Other Fuels.
- Liquified Natural Gas (LNG) and Other Petroleum Gases.
- Passenger Vehicles.
How much trade does the US do with China?
U.S. goods and services trade with China totaled an estimated $758.4 billion in 2022. Exports were $195.5 billion; imports were $562.9 billion. The U.S. goods and services trade deficit with China was $367.4 billion in 2022.
What is America's biggest food export?
These are the U.S.'s biggest exports in the agricultural sector: Soybeans: $27.37 billion. Corn: $18.72 billion. Beef: $10.58 billion.
What is Mexico's main export?
Mexico's main exports are manufactured products (89 percent of total shipments) and oil and oil products (7 percent). Among manufactured products, metallic, machinery and equipment is the major category (59 percent) and automobiles account for around 29 percent of total sales.
What is China's main export?
Exports The top exports of China are Broadcasting Equipment ($272B), Integrated Circuits ($212B), Computers ($181B), Office Machine Parts ($111B), and Semiconductor Devices ($70.2B), exporting mostly to United States ($551B), Hong Kong ($276B), Japan ($178B), Germany ($152B), and South Korea ($150B).
Does China rely on the US?
Today, even with the higher tariffs imposed under Presidents Donald Trump and Joe Biden, bilateral trade remains important to both economies: the United States exported $154 billion in goods to China in 2022, making the country its third-largest export market for goods that year.
Who is Mexico's biggest trading partner?
The United States is Mexico's most important trading partner, and U.S.-based companies account for more than half of Mexico's foreign investment. The United States is also the source of between two-fifths and one-half of Mexican imports and the destination for some four-fifths of the country's exports.
Who does the US trade the most with?
The two largest destinations for U.S. total exports continued to be the trading partners under the United States–Mexico–Canada Agreement (USMCA). Combined, U.S. exports to Canada and Mexico accounted for nearly one-third of all U.S. merchandise exports in 2021.
Where does the US get its oil?
Petroleum imports from Canada have increased significantly since the 1990s, and Canada is now the largest single source of U.S. total petroleum and crude oil imports. In 2022, Canada was the source of 52% of U.S. gross total petroleum imports and 60% of gross crude oil imports.
Who is Russia's largest trading partner?
- China (economy, trading partners) ...
- India (economy, trading partners) ...
- Netherlands (economy, trading ) ...
- Germany (economy, trading partners) ...
- Belarus (economy, trading partners) ...
- United States (economy, trading partners) ...
- Italy (economy, trading partners)
Who is the U.S.'s biggest trade partner in 2024?
Mexico, Canada and China together account for more than 40% of total trade with the U.S. Totals are as of September 2024. These totals reflect goods only.
Who is Texas' biggest trade partner?
As Texas' largest trade partner, Mexico plays an important role in the Lone Star State's economy.
What does Texas provide to the US?
The economy of Texas relies largely on information technology, oil and natural gas, aerospace, defense, biomedical research, fuel processing, electric power, agriculture, and manufacturing.