Year-to-Date Total Trade
| Rank | Country | Total Trade |
|---|---|---|
| — | Total, Top 15 Countries | 1,344.5 |
| 1 | Mexico | 262.8 |
| 2 | Canada | 258.3 |
| 3 | China | 248.7 |
Who does the US trade the most with?
The top five suppliers of U.S. goods imports in 2019 were: China ($452 billion), Mexico ($358 billion), Canada ($319 billion), Japan ($144 billion), and Germany ($128 billion). U.S. goods imports from the European Union 27 were $515 billion. The United States is the largest services exporter in the world.
What is the US share of world trade?
In 2018, the United States ranked as the third largest global merchandise exporter, with a value of about 1.66 trillion U.S. dollars; which was 8.5 percent of the world’s total export trade.
Which country has the highest trade deficit?
the United States
In 2019, the United States reported the highest trade balance deficit with approximately 922.78 billion U.S. dollars.
How much has the United States benefited from international trade?
Over the last half century, international trade has raised the average American’s annual household income by $10,000 or more. But relative to the size of the domestic economy, the United States trades much less internationally than its peers.
Is the United States in an international trade surplus?
However, with regard to manufactured goods, the United States ran a cumulative trade surplus with its trade agreement partner countries of more than $200 billion over the past decade (2009-2019), according to data from the U.S. Department of Commerce. In the end, we cannot turn our back on international trade.
How many countries are part of the US free trade agreement?
Indeed, tremendous benefits have flowed from U.S. free-trade agreements (FTAs), which cover 20 countries. These countries represent approximately 6% of the world’s population outside the United States, and yet these markets purchase nearly half of all U.S. exports, according to the U.S. Department of Commerce.
What makes up the majority of international trade?
In 2019, the total international trade was just under $19 trillion. 1 More than 25% of the goods traded are machinery and electronics, like computers, boilers, and scientific instruments. 2 Almost 12% are automobiles and other forms of transportation.
