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The 30 largest trade partners of the United States represent 87.9 percent of U.S. exports, and 87.4 percent of U.S. imports as of 2021. These figures do not include services or foreign direct investment.
The country’s biggest trading partners were Mexico, China, and Canada. The $4 trillion in imports marked the highest amount on record for the US, with $3.3 trillion of imports coming from goods.
List of the largest trading partners of the United States This page was last edited on 15 September 2017, at 12:47 (UTC). Text is available under the Creative Commons ...
For most economies worldwide, their leading export and import trading partners in terms of value are typically the United States, European Union (EU) or China. Emerging markets such as Russia, Brazil, India, South Africa, Saudi Arabia, The UAE, Turkey, and Iran are becoming increasingly important as major markets or source countries in various regions.
The United States needs to import crude oil to meet its daily consumption needs, and Canada is its biggest foreign supplier, sending more than 4 million barrels daily, largely by pipeline.
Truck Parking Club used data from the Bureau of Transportation Statistics and Census Bureau to explore U.S. freight trade with Canada and Mexico. ... 800-290-4726 more ways to reach us.
The authority of Congress to regulate international trade is set out in the United States Constitution (Article I, Section 8, Paragraph 1): . The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and to promote the general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform ...
The trade relationship of the United States with Canada is the largest in the world. In 2023, the goods and services trade between the two countries totalled $923 billion. U.S. exports were $441 billion, while imports were $482 billion, for a United States $41 billion trade deficit with Canada. [1]