List Of The Top Trading Partners Of The United States

 

The United States is a leader in global trade with over $5.6 trillion in commodities exported and imported in 2019. In addition, the United States maintains economic links with over 200 nations, provinces, and regional organizations worldwide.

 

In 2020, the United States sent $1.431 trillion in products to overseas markets. All of this would not be possible without strong trading partners. Let's see who they are.

Top 10 Trading Partners Of The United States

The below table is compiled using US trade data and gives insights into the US’ trade relations with other countries.

Rank	Country	Exports(in trillions)	Imports(in trillions)	Total trade (in trillions)
1	China	129,894	505,470	635,364
2	Canada	282,265	299,319	581,584
3	Mexico	243,314	314,267	557,581
4	Japan	67,605	136,481	204,086
5	Germany	53,897	117,575	171,472
6	South Korea	48,326	71,444	119,770
7	United Kingdom	56,258	53,060	109,318
8	France	33,596	48,899	82,495
9	India	25,689	48,603	74,292
10	Italy	18,405	49,918	68,323

 

The Numbers Behind US Exports

The U.S. ranks number 2 in the list of exporters in the world. The US trade data suggests that in 2019, the nation exported almost $1.6 trillion in goods to the rest of the world. In 2019, the top buyer of US goods exports was Canada and accounted for 17.8% of exported goods.

The US is the most significant importer of products across the globe as well. In 2019, the United States imported $2.5 trillion in derivatives from around the world. The US trade data by country mentions that China was the leading provider of products to the US, contributing to 18% of overall goods imports.

The nation is also the most significant supplier of services around the world. In 2019, $875.8 billion of the service exports has been calculated with an increase of 1.6%. The US service exports accounted for 35% of total US exports. The UK was the top consumer of the US as mentioned by the US export statistics in 2019 and accounted for approximately 9% of the entire export service.

It is also the top importer of services in the world. In 2019, the United States imported $588.4 billion in benefits with a hike of 4.7%. The US export statistics mention that in 2019, the UK was the top exporter of services, contributing 11% of overall US service imports.

 

How To Analyze US Trade Partners Data?

You can analyze the data around the United States trading partners from the total amount exported and imported to get accurate information of the countries and their contribution to the US market. The US trade data by country provides clear information of the trade status of the nation.