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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, Mexico is still the second largest trading partner of the United States after Canada. [ 1]
Average tariff rates (France, United Kingdom, U.S.) Average tariff rates in U.S. (1821–2016) Imports vs exports & net imports Deteriorating U.S. net international investment position (NIIP) has caused concern among economists over the effects of outsourcing and high U.S. trade deficits over the long-run.
This is a list of U.S. states, U.S. territories, and the District of Columbia by exports of goods and imports of goods as of 2018. An export in international trade is a good or service produced in one country that is bought by someone in another country. The sum of the exports of the states is significantly lower than the value of the United ...
The following is a list of the exports of the United Kingdom. The UK exports to 160 nations. The UK is the fifth largest exporter. Data is for 2019, in millions of USD (United States dollars), as reported by International Trade Centre. Currently the top fifty exports are listed. #
Exports of goods and services (US$ million) by country [1] Country Exports Year Top export (2021) [2] China: 3,511,248 2023 Broadcasting equipment United States: 3,051,824 2023 Petroleum Germany: 2,104,251 2023 Cars Japan: 1,274,781 2023 Cars India: 957,679 2023 Packaged medications Netherlands: 949,982 2023 Packaged medications United Kingdom
The Tariff Act of 1789 was the first major piece of legislation passed in the United States after the ratification of the United States Constitution. It had three purposes: to support government, to protect manufacturing industries developing in the nation, and to raise revenue for the federal debt. It was sponsored by Congressman James Madison ...
According to the World Trade Organization (WTO), service exports refer to the cross-border sale or supply of services by residents of one country to residents of another country. Service exports can include a wide range of activities such as transportation , tourism, telecommunications, financial and insurance services, computer and information ...
The following is a list and analysis of imports into the United States for 2020 and 2019 in millions of United States dollars. The United States imported $2,810.6 billion worth of goods and services in 2020, down $294.5 billion from 2019. This consisted of $2,350.6 billion worth of goods and $460.1 billion worth of services.
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