Search results
Results From The WOW.Com Content Network
Balance of trade with the United States. 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. In 2023, Canada is the largest trading partner of the United States, followed by Mexico. [1]
In 2022, the US imported $4 trillion in goods and services and exported $3 trillion. The country’s biggest trading partners were Mexico, China, and Canada.
For most economies worldwide, their leading export and import trading partners in terms of value are typically the United States, the 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.
Canada was the largest goods import trade partner for nearly half of the 50 states in 2023, according to Census Bureau data. You can hover over the map below to see more about the top import trade ...
The United States is a partner to many trade agreements, shown in the chart below and the map to the right. The United States has also negotiated many Trade and Investment Framework Agreements , which are often precursors to free trade agreements.
Geopolitical pressures shift top trading partners. For the first time in decades, Mexico overtook China in the number of goods bought and sold to the U.S. in 2023.
In 2023, the United States’ trade imbalance with the EU on goods was $209 billion, according to the Census Bureau. There were $576 billion in imports from Europe and $367 billion in exports from the United States.
U.S. Trade Balance (1895–2015) and Trade Policies. The 1920s marked a decade of economic growth in the United States following a classical supply side policy. [1] U.S. President Warren Harding signed the Emergency Tariff of 1921 and the Fordney–McCumber Tariff of 1922. Harding's policies reduced taxes and protected U.S. business and ...