Who was the top trading partner for US exports in 2016? (2024)

Who was the top trading partner for US exports in 2016?

The top five countries based on trade in goods in 2016 were China, Canada, Mexico, Japan and Germany. Trade in goods with China was $578.6 billion. Exports were $115.8 billion and imports were $462.8 billion.

Who was the top exporting nation in 2016?

In 2016 top importing countries were United States, China, Germany, United Kingdom and Hong Kong, China and exporting countries were China, United States, Germany, Japan and Korea, Rep.

Who is the US top export partner?

The United States is the 2nd largest goods exporter in the world, behind only China. U.S. goods exports to the world totaled $2.1 trillion in 2022, up 17.5 percent ($307.3 billion) from 2021. Canada was the largest purchaser of U.S. goods exports in 2022, accounting for 17.3 percent of total U.S. goods exports.

Who are the US largest trading partners in 2017?

In 2017, United States major trading partner countries for exports were Canada, Mexico, China, Japan and United Kingdom and for imports they were China, Mexico, Canada, Japan and Germany.

What happened to trade in 2016?

Although world merchandise trade increased slightly in volume terms in 2016, it declined in value terms due to falling export and import prices. World merchandise exports were valued at US$ 15.46 trillion in 2016, down 3.3 per cent from the previous year.

Who are the top 3 recipients of US exports?

Explanation: The top three recipients of exports from the United States are, in order, Canada, Mexico, and China. This economic information is based on trade data which shifts over time, but as of now, these countries are the major destinations for American goods and services.

What are the top 5 countries that the US exports to?

Who are the top traders with USA?

What are examples of top US export services in 2017?

The largest shares of selected services exports and imports were attributable to firms in the finance and insurance, manufacturing, and information industries; together, they accounted for 71 percent of exports and 72 percent of imports in 2017.

Who are the US trading partners in 2016?

The top five countries based on trade in goods in 2016 were China, Canada, Mexico, Japan and Germany. Trade in goods with China was $578.6 billion.

Who is world's largest exporter?

CHINA. With the second-largest economy in the World, China is the leader in exports. China exported nearly $3.59 trillion worth of goods in 2022.

Who is the United States top trading partner as of 2007?

United States exports to Canada worth US$ 248,409 million, with a partner share of 21.37 percent. United States exports to Mexico worth US$ 136,520 million, with a partner share of 11.74 percent. United States exports to China worth US$ 65,238 million, with a partner share of 5.61 percent.

What caused the Great trade Collapse?

We survey recent literature on the causes of the collapse in international trade during the 2008-2009 global recession. We argue that the evidence points to the collapse in aggregate expenditure, concentrated on trade-intensive durable goods, as the main driver of the trade collapse.

Why did trade slow down?

Today, misguided populism in many countries is doing serious damage to global trade. Many countries have lost their appetite for new trade agreements. In the 2020s so far, an average of just five agreements have been signed each year—less than half the rate of the 2000s.

Why did trade stop during the Great Depression?

The Hawley-Smoot Tariff was an important catalyst for worldwide escalations of trade barriers because the United States, which was the greatest creditor nation at that time, withdrew many of its international loans and did not make new loans available, and therefore forced deficit countries to lower their imports.

Is Boeing the largest US exporter?

Boeing is among the largest global aerospace manufacturers; it is the fourth-largest defense contractor in the world based on 2022 revenue and is the largest exporter in the United States by dollar value. Boeing was founded by William Boeing in Seattle, Washington, on July 15, 1916.

Which are the top 3 trading partners exports and imports for the United States as of 2018?

In 2018, United States major trading partner countries for exports were Canada, Mexico, China, Japan and United Kingdom and for imports they were China, Mexico, Canada, Japan and Germany.

What are the top 10 US exports and the amount for each?

Who is Russia's biggest trading partner?

Major trade partners of Russia 2021, by value

In 2021, Russia's main trade partner was China, as the volume of export and import trade between the two countries reached nearly 141 billion U.S. dollars. China was the country's both leading import origin and export destination.

Who is China's largest trading partner?

Which country has the highest trade deficit in the world?

This statistic shows the 20 countries with the highest trade balance deficit worldwide in 2022. In 2022, the United States reported the highest trade balance deficit with approximately 1.31 trillion U.S. dollars.

Is China no longer the top exporter of the US?

NEW YORK -- Mexico has surpassed China to become the biggest exporter of goods to the U.S. in 2023, according to data released Wednesday. The U.S. imported a total of $427.2 billion from China last year, a roughly 20% decrease from the year before, according to the Bureau of Economic Analysis, a U.S. government agency.

Is Mexico the top US trading partner?

New numbers from the US Census last week indicate that Mexico is the US's top trading partner. In 2023, the US traded $798bn with Mexico as the goods it bought from its southern neighbour surged past China and Canada.

Is Mexico the US biggest trading partner?

For most of the past few decades, the title of top trading partner to the U.S. has belonged to China. Well, no longer. Data released by the U.S. Census Bureau shows that last year, the United States's biggest trading partner was Mexico.

What is the primary export product of the United States?

The most recent exports are led by Refined Petroleum ($138B), Crude Petroleum ($118B), Petroleum Gas ($116B), Cars ($57.5B), and Integrated Circuits ($49.8B). The most common destination for the exports of United States are Canada ($308B), Mexico ($294B), China ($151B), Japan ($79.5B), and United Kingdom ($75.4B).