Top countries with biggest trade surplus with the us năm 2024
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In 2021, United States major trading partner countries for exports were Canada, Mexico, China, Japan and Korea, Rep. and for imports they were China, Mexico, Canada, Japan and Germany. Show Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage. Wednesday. Passenger vehicles were the leading import, Port Laredo was the nation's leading port and Mexico the nation's leading trade partner.Getty Images Mexico did more trade with the United States in 2023 that ever and it once again become the United States’ top trade partner, according to U.S. trade data released today. U.S. trade fell slightly 3.85% in 2023, according to U.S. Census Bureau data. The $5.1 trillion total remains the second-greatest total on record, trailing only the $5.3 trillion total in 2022. In addition to a new top trade partner, the nation has a new top port, a new leading export and a new leading import. Port Laredo finished as the nation’s top port for the first time on the strength of its trade with Mexico, which replaced Canada as the nation’s top trade partner after two years. The top U.S. export for the first time was oil, which replaced gasoline and other refined petroleum products. The top import was passenger vehicles, replacing oil. The U.S. trade deficit, the difference between exports and imports, was $1.1 trillion, the third consecutive year above the $1 trillion mark. With trade having risen so rapidly in recent years, that’s not surprising. Perhaps more significantly for those who worry about the balance of trade, the ratio between exports and imports hit 40% exports for the first time since 2019. This percentage moves slowly, more like a container ship than a cargo jet, having ranged between 35% in 2005 to 41% in 2014. Mexico on topRounding out the top 10 U.S. trade partners, after Mexico (up 2.5%) and Canada (down 2.4%), were:
The United States did $798.83 billion in trade with Mexico in 2023, which is still shy of the $817.36 billion in U.S. trade with China in 2018. With a slight increase in U.S.-Mexico trade this year, it would mark only the second country with which the United States would have ever conducted more than $800 billion in two-way trade. Mexico, Canada and third-ranked China accounted for 42.1% of the $5.1 trillion total, consistent with past years. China, for the first time since 2020, did not top $600 billion in trade. The top 10 accounted for 64.7% of all U.S. trade. Germany surpassed Japan to rank as the nation’s fourth most important trade partner. Japan finished fifth, its lowest rank in more than 30 years. From 1992 to 2000, it had ranked second, trailing only Canada. For the first time in two decades, the U.S. deficit with China was less than twice the size of the second-largest deficit, Mexico’s. As recently as 2018, it was five times greater than that of Mexico’s. For only the second time in 26 years, U.S. trade with Vietnam fell, and it slipped from a No. 8 ranking to No. 9. Port Laredo on topLooking at the nation’s leading airports, seaports and border crossings, after Port Laredo (up 7.1%), were:
These 10 — four seaports, three airports and three border crossings — accounted for slightly more than 44% of all U.S. trade in 2023. Port Laredo ranked on top for the first time, supplanting O’Hare, which had ranked first the previous two years. Port Laredo also topped $300 billion in two-way trade for the first time in 2023. Both O’Hare and the Port of Los Angeles topped $300 billion in 2022, both firsts. It is worth noting that Port Laredo’s trade grew faster than Mexico’s, which accounts for 98% of its trade. That means it increased its market share, which it did, going from 37% of all U.S.-Mexico trade to 39%. Oil is top U.S. exportLooking at the top 10 U.S. exports, which surpassed $2 trillion for the second straight year despite a 2.2% decline from 2022, after oil (down 1.9%), were:
Three of the top four U.S. exports are petroleum products, an indication of the United States relatively new role as a world leader in energy exports. Also promising is the increase in the exports of aircraft and related parts, long the United States leading export until the one-two punch of two crashes involving Boeing BA jets and the global pandemic. The category had fallen to No. 4 in 2022, almost certainly its lowest ranking in more than three decades. Cars are leading importFinally, taking a look at the nation’s leading imports, with topped $3 trillion for the second consecutive year but fell 4.89%, after passenger vehicles (up 25.3%), were:
Feb. 27, 2024: An earlier version of this article incorrectly indicated that the total U.S. trade with Mexico was the largest on record with any country. While it was the largest on record between the two countries, U.S. trade with China in 2017 and 2018 exceeded the total between the United States and Mexico in 2023. Which country has the highest trade surplus?This statistic shows the 20 countries with the highest trade surplus worldwide in 2022. In 2022, China was the country with the highest trade surplus with approximately 877.6 billion U.S. dollars. What are the top 5 countries that the U.S. trades with?The top five purchasers of U.S. goods exports in 2022 were: Canada ($356.5 billion), Mexico ($324.3 billion), China ($150.4 billion), Japan ($80.2 billion), and the United Kingdom ($76.2 billion). U.S. goods exports to the European Union 27 were $350.8 billion. Who is the USA's highest trade surplus deficit with?The largest deficit in goods in the United States is with China. In fact, over 65% of the trade deficit – or $419 billion – is because of imports from China. Who is the U.S.'s biggest trade partner?List of the largest trading partners of the United States. |
