FACTS USA

 

Who the US trades with

Trade links the nation to the rest of the world. In 2023, the US kept its top trade relationships pretty familiar, but there’s plenty to learn about who the nation buys from and sells to and how it all adds up.   Mexico was America’s biggest trade partner in 2023, with nearly $798 billion in goods and services exchanged. Canada ($773 billion) and China ($575 billion) were close behind. Add Germany and Japan; these five nations accounted for more than 50% of all imports and exports.

China has been the nation's biggest import partner for years, but Mexico took the top spot in 2023. The US spent $475 billion on Mexican goods and services.  Exports also went to the usual suspects. Mexico and Canada were the nation’s top export destinations, each receiving more than $300 billion in goods and services from the US. China was third, taking in $148 billion.  Overall, the US imported $1 trillion more than it exported in 2023, continuing a six-year streak of trade deficits. The biggest trade gaps were with China ($279 billion), Mexico ($152 billion), and Vietnam ($105 billion).  America exported more than it imported with one-third of its trade partners, creating a trade surplus. The US sent much more to the Netherlands than it brought in — $43 billion more.

See the global trade picture