In this piece, we will take a look at the ten largest trading partners of the U.S. For more trading partners, take a look at 30 Largest Trading Partners of the U.S.
10. Socialist Republic of Vietnam
Total Trade With the U.S. in 2021: $112.9 billion
The Socialist Republic of Vietnam, or simply Vietnam, is a Southeast Asian country. Vietnam exported $101.9 billion of goods and products to the U.S. in 2021 and imported only a mere $11 billion – for a wide trade surplus. Key imports were electrical machinery and cotton, while machinery also dominated the exports.
9. Republic of India
Total Trade With the U.S. in 2021: $113.3 billion
The Republic of India is the world’s second most populous nation and the third largest economy. It imported $40 billion of American products in 2021 and exported $73 billion, for a trade surplus. Key U.S. exports to India include mineral fuels, aircraft, precious stones, and metals.
8. Republic of China
Total Trade With the U.S. in 2021: $114 billion
The Republic of China, known as Taiwan, is a disputed territory in the South China Sea. America imported $77 billion of Taiwanese products in 2021 and exported $36.9 billion in return. Machinery and electrical equipment was Taiwan’s largest export to the U.S.
7. United Kingdom of Great Britain and Northern Island
Total Trade With the U.S. in 2021: $117.8 billion
The United Kingdom of Great Britain and Northern Ireland is a prosperous European nation and the only country in the top ten with a trade deficit with the U.S. The U.K. imported $61.4 billion of U.S. products in 2021, which included precious stones, glass, minerals, and aircraft.
6. Republic of Korea (ROK)
Total Trade With the U.S. in 2021: $160.8 billion
The Republic of Korea (ROK), or South Korea is an East Asian country. It imported $65.9 billion of U.S. goods in 2021 and exported $94.9 billion in return. Top imports were oil, cement, machinery, cement, and agricultural goods, while some exports were machinery and transportation equipment.
5. Federal Republic of Germany
Total Trade With the U.S. in 2021: $200.5 billion
The Federal Republic of Germany is Europe’s largest economy and a global power. Its U.S. exports were $135 billion in 2021, making it America’s largest European partner. Machinery and transportation equipment accounted for more than half of Germany’s exports.
4. Japan
Total Trade With the U.S. in 2021: $209.5 billion
Japan is an Asian country and one of the most prosperous and developed nations in the world. It exported $134.9 billion of products to the U.S. in 2021. The largest portion (unsurprisingly) belonged to cars, car parts and accessories, and machinery. Additionally, mineral fuels and aircraft were some of the U.S.’ exports.
3. People’s Republic of China
Total Trade With the U.S. in 2021: $655.4 billion
The People’s Republic of China is the world’s largest economy in nominal terms. It also has the largest trade deficit with the U.S., which sits at $353 billion as of 2021 courtesy of the $504.9 billion in imports. Electrical machinery and toys are some of China’s largest exports to the U.S., with machinery and soybeans China’s largest imports.
2. United Mexican States
Total Trade With the U.S. in 2021: $661.2 billion
The United Mexican States or Mexico is a North American country with a land border with the U.S. It imported $276.5 billion of U.S. products in 2021 and exported $384 billion of products. Several American companies, such as Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM), have manufacturing plants in Mexico, which then skews the trade data between the two countries.
1. Canada
Total Trade With the U.S. in 2021: $665.6 billion
Canada is another North American country with a land border with America. It was the U.S.’ largest export market in 2021, as it imported $307.8 billion of products. The bulk of these was represented by vehicles and machinery. Canada also sells mineral fuels and vehicles to the U.S.
Disclosure: None. You can also take a peek at Top 25 Regional Banks Stocks and 12 Best Holding Company Stocks To Invest In.
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