The world has become increasingly interconnected due to advances in technology and communication making it relatively easy to exchange goods and services, our global economy has entered a new age of international trade. The United States has many partners all over the world, including some of the biggest and most influential countries, who play a major role in promoting the growth of the US economy. In this article, we will take a look at the top import partners of the United States, exploring the trading relationship between each country and America while also providing a few interesting facts.
Top 10 Import Partners of the United States
- China
China is the largest trading partner of the United States and the number one supplier of imports to the US. In 2020, the US imported a total of $539.5 billion worth of goods from China, representing approximately 19% of all US imports.
- Mexico
Mexico is the second-largest trading partner of the United States and is the second-largest supplier of imports to the US. In 2020, the US imported a total of $346.5 billion worth of goods from Mexico, representing about 12% of all US imports.
- Canada
Canada is the third-largest trading partner of the United States and is the third-largest supplier of imports to the US. In 2020, the US imported a total of $313.4 billion worth of goods from Canada, representing about 11% of all US imports.
- Japan
Japan is the fourth-largest trading partner of the United States and is the fourth-largest supplier of imports to the US. In 2020, the US imported a total of $204.8 billion worth of goods from Japan, representing about 7% of all US imports.
- Germany
Germany is the fifth-largest trading partner of the United States and is the fifth-largest supplier of imports to the US. In 2020, the US imported a total of $149.5 billion worth of goods from Germany, representing about 5% of all US imports.
- South Korea
South Korea is the sixth-largest trading partner of the United States and is the sixth-largest supplier of imports to the US. In 2020, the US imported a total of $105.3 billion worth of goods from South Korea, representing about 4% of all US imports.
- United Kingdom
The United Kingdom is the seventh-largest trading partner of the United States and is the seventh-largest supplier of imports to the US. In 2020, the US imported a total of $87.7 billion worth of goods from the United Kingdom, representing about 3% of all US imports.
- Vietnam
Vietnam is the eighth-largest trading partner of the United States and is the eighth-largest supplier of imports to the US. In 2020, the US imported a total of $77.5 billion worth of goods from Vietnam, representing about 3% of all US imports.
- India
India is the ninth-largest trading partner of the United States and is the ninth-largest supplier of imports to the US. In 2020, the US imported a total of $65.1 billion worth of goods from India, representing about 2% of all US imports.
- France
France is the tenth-largest trading partner of the United States and is the tenth-largest supplier of imports to the US. In 2020, the US imported a total of $58.6 billion worth of goods from France, representing about 2% of all US imports.
What Do The United States Import From Each Country?
- China
The US imports a wide variety of products from China including electronics, machinery and equipment, furniture, toys, clothing, and more.
- Mexico
The US imports a range of goods and services from Mexico including automobiles, machinery and equipment, medical instruments, and agricultural products.
- Canada
The US imports many products from Canada including machinery and equipment, crude oil, chemicals, and paper products.
- Japan
The US imports a variety of products from Japan including motor vehicles, electronics, machines, industrial equipment, and nuclear reactors and components.
- Germany
The US imports a range of goods and services from Germany including machinery and equipment, motor vehicles and automobile parts, electronics and tools, pharmaceuticals, and chemicals.
- South Korea
The US imports many products from South Korea including motor vehicles, machinery and equipment, electronics, chemicals, and medical instruments.
- United Kingdom
The US imports a variety of products from the United Kingdom including machinery and equipment, pharmaceuticals and medical instruments, apparel and footwear, and passenger cars.
- Vietnam
The US imports a range of goods and services from Vietnam including apparel and footwear, computers and accessories, furniture and other home furnishings, and handbags and leather goods.
- India
The US imports many products from India including apparel and footwear, pharmaceuticals, gems, jewelry and silverware, and spices.
- France
The US imports a variety of products from France including pharmaceuticals and medical instruments, wines and liquors, aircraft and parts, cosmetics and toiletries, and perfumes and fragrances.
Interesting Facts About The US’s Top Import Partners
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China’s imports to the US have increased by over 13 fold since 2001.
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Mexico and Canada make up 24.4% of the US’s imported goods across the world.
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Japan is the largest importer of US goods in Asia, providing the US with a total of $156.1 billion worth of exports in 2020.
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Germany is the largest exporter of capital goods to the US, with a total of $58.2 billion worth of exports in 2020.
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South Korea is the US’s largest supplier of petroleum, providing the US with a total of $13.3 billion worth of exports in 2020.
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The United Kingdom is the US’s third-largest supplier of agricultural products, providing the US with a total of $17.6 billion worth of exports in 2020.
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Vietnam is the US’s third-largest supplier of apparel and footwear, providing the US with a total of $34.1 billion worth of exports in 2020.
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India’s imports to the US have grown significantly since 2001, increasing from $8.2 billion to an all-time high of $65.1 billion in 2020.
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France’s exports to the US have steadily increased since 2001, rising from $20.9 billion to an all-time high of $58.6 billion in 2020.
The United States is one of the largest and most advanced economies in the world and is highly reliant on its relationships and trade agreements with other countries. In this article, we looked at the top import partners of the United States, exploring the trading relationship between each country and America while also providing a few interesting facts. It is clear that the US relies heavily on its foreign trading partners to provide their goods and services and overall, it has established strong and lasting trading relationships with a wide variety of nations.
