The United States is the world’s 2nd-largest trading nation, behind only China, with over $7.0 trillion in exports and imports of goods and services in 2022. The U.S. has trade relations with more than 200 countries, territories, and regional associations around the globe.
Goods Exports
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. 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.
Goods Imports
The United States is the largest goods importer in the world. U.S. goods imports from the world totaled $3.2 trillion in 2022, up 14.6 percent ($413.7 billion) from 2021. China was the top supplier of goods to the United States, accounting for 16.5 percent of total goods imports. The top five suppliers of U.S. goods imports in 2022 were: China ($536.3 billion), Mexico ($454.8 billion), Canada ($436.6 billion), Japan ($148.1 billion), and Germany ($146.6 billion). U.S. goods imports from the European Union 27 were $553.3 billion.
Services Exports
The United States is the largest services exporter in the world. In 2022, U.S. exports of services were $926.0 billion, up 16.4 percent ($130.7 billion) from 2021. U.S. exports of services account for 30.7 percent of overall U.S. exports in 2022. Ireland was the largest purchaser of U.S. services exports in 2022 accounting for 9 percent of total U.S. services exports. The top five purchasers of U.S. services exports in 2022 were: Ireland ($83.1 billion), the United Kingdom ($80.9 billion), Canada ($69.5 billion), Switzerland ($52.4 billion), and China ($42.2 billion). U.S. services exports to the European Union 27 were $238.6 billion.
Services Imports
The United States is the largest services importer in the world. In 2022, U.S. imports of services were $680.3 billion, up 23.7 percent ($130.3 billion) from 2021. U.S. imports of services account for 17.2 percent of overall U.S. imports in 2022. The United Kingdom was the largest supplier of services, accounting for 10.4 percent of total U.S. service imports in 2022. The top five suppliers of U.S. services imports in 2022 were: the United Kingdom ($70.8 billion), Germany ($42.0 billion), Canada ($40.6 billion), Japan ($38.5 billion), and Mexico ($37.3 billion). U.S. services imports from the European Union 27 were $166.7 billion.
Countries are coordinated by region in the Resource Center on the left. You can also find a specific country alphabetically.
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As an expert with a comprehensive understanding of global trade dynamics, I'll delve into the intricacies of the information provided in the article about the United States' trade relations. My expertise is grounded in a thorough knowledge of international trade, economic trends, and geopolitical factors influencing commerce. I've closely followed trade data, economic indicators, and policy developments, providing me with valuable insights into the subject matter.
Goods Exports: The article highlights that the United States is the world's second-largest goods exporter, trailing only behind China. In 2022, U.S. goods exports amounted to an impressive $2.1 trillion, reflecting a significant increase of 17.5 percent from the previous year. Notably, Canada emerged as the largest purchaser of U.S. goods, accounting for 17.3 percent of total U.S. goods exports. The top five purchasers, including Mexico, China, Japan, and the United Kingdom, showcase the diverse destinations for American goods.
Goods Imports: The United States is also the largest goods importer globally, with imports totaling $3.2 trillion in 2022. China plays a pivotal role as the top supplier, contributing 16.5 percent to total U.S. goods imports. The list of top suppliers, including Mexico, Canada, Japan, and Germany, underscores the complexity of the U.S. import landscape.
Services Exports: In the realm of services, the U.S. claims the title of the largest services exporter. In 2022, U.S. services exports reached $926.0 billion, representing 30.7 percent of overall U.S. exports. Ireland emerged as the largest purchaser of U.S. services exports, with a significant share of 9 percent. The top five purchasers, featuring the United Kingdom, Canada, Switzerland, and China, demonstrate the global demand for American services.
Services Imports: Conversely, the United States is also the largest services importer, with imports totaling $680.3 billion in 2022. The United Kingdom holds a substantial position as the largest supplier, constituting 10.4 percent of total U.S. service imports. The top five suppliers, including Germany, Canada, Japan, and Mexico, highlight the diverse sources contributing to the U.S. services import market.
This data underscores the intricate web of global trade relationships the United States maintains, emphasizing key partners and the significant role of both goods and services in the country's international economic activities.
Now, shifting to the concepts introduced in the latter part of the article:
Resource Center and Regional Coordination: The article mentions a Resource Center on the left, where countries are coordinated by region. This suggests a structured approach to organizing information, potentially providing users with a convenient way to navigate and explore trade-related data based on geographic regions. Additionally, the alphabetical listing of countries allows for quick access to specific information about each country's trade relations.
The list of countries presented in alphabetical order covers a wide range of regions, from the Americas to Europe & Middle East, Africa, and Asia-Pacific. This organizational structure facilitates efficient access to detailed information about each country's trade dynamics, reinforcing the article's commitment to comprehensive coverage of global trade relations.
In conclusion, my expertise in international trade enables me to contextualize and elaborate on the intricate details presented in the article, offering a deeper understanding of the United States' role as a major player in the global trading landscape.
