Latest United States trade statistics show that Canada imports the most American goods while the total value of Chinese exports to the U.S. now leads all other countries.
The analysis below lists the top countries for U.S. exports and imports in overall dollar value last year.
Qatar doubled its imports of American products last year for the fastest growth rate among countries buying US imports.
2007 is also the year in which China surpassed Canada as the number one provider of exported goods delivered to the U.S.
Top 20 US Export Trade Partners by Country
The following countries consumed about 80% of the total US$1.16 trillion in total American exports last year.
Canada … US$248.4 billion (21.4% of total US exports)
Mexico … $136.5 billion (11.7%)
China … $65.2 billion (5.6%)
Japan … $62.7 billion (5.4%)
United Kingdom … $50.3 billion (4.3%)
Germany … $49.7 billion (4.3%)
South Korea … $34.7 billion (3%)
Netherlands … $33 billion (2.8%)
France … $27.4 billion (2.4%)
Taiwan … $26.4 billion (2.3%)
Singapore … $26.3 billion (2.3%)
Belgium … $25.3 billion (2.2%)
Brazil … $24.6 billion (2.1%)
Hong Kong … $20.1 billion (1.7%)
Australia … $19.2 billion (1.7%)
India …. $17.6 billion (1.5%)
Switzerland … $17 billion (1.5%)
Italy … $14.1 billion (1.2%)
Israel … $13 billion (1.1%)
Malaysia … $11.7 billion (1%).
Fastest-Growing Markets for US Exports
Listed below are countries with the highest percentage gains among importers of American goods in 2007.
Qatar … US$2.8 billion (up 116% from 2006)
Ukraine … $1.3 billion (up 77.4%)
India … $17.6 billion (up 74.9%)
Vietnam … $1.9 billion (up 72.9%)
Luxembourg … $1 billion (up 72.5%)
Portugal … $2.5 billion (up 68.5%)
Poland … $3.1 billion (up 59.3%)
Russia … $7.4 billion (up 56.7%)
Morocco … $1.3 billion (up 52.9%)
Peru … $4.1 billion (up 40.8%)
Panama … $3.7 billion (up 38.5%)
Indonesia … $4.2 billion (up 37.6%)
Bangladesh … $456.4 million (up 37.1%)
Saudi Arabia … $10.4 billion (up 36.1%)
Paraguay … $1.2 billion (up 35.8%)
Greece … $2.1 billion (up 35.8%)
Spain … $9.9 billion (up 33%)
Egypt … $5.3 billion (up 29.4%)
Denmark … $2.9 billion (up 29%)
Bolivia … $277.7 million (up 29%).
Top 20 US Import Trade Partners by Country
The following countries generated about 66% of the total US$1.95 trillion worth of American imports last year.
China … US$321.5 billion (16.5% of total US imports)
Canada … $313.1 billion (16%)
Mexico … $210.8 billion (10.8%)
Japan … $145.5 billion (7.4%)
Germany … $94.4 billion (4.8%)
South Korea … $47.6 billion (2.4%)
France … $41.6 billion (2.1%)
Venezuela … $39.9 billion (2%)
Taiwan … $38.3 billion (2%)
Saudi Arabia … $35.6 billion (1.8%)
Italy … $35 billion (1.8%)
Malaysia … $32.8 billion (1.7%)
Nigeria … $32.8 billion (1.7%)
Ireland … $30.3 billion (1.6%)
Brazil … $25.6 billion (1.3%)
India … $24 billion (1.2%)
Thailand … $22.7 billion (1.2%)
Israel … $20.8 billion (1.1%)
Russia … $19.4 billion (1%)
Netherlands ... $18.4 billion (0.9%).
Fastest-Growing US Import Trade Partners by Country
Listed below are countries responsible for the highest percentage gains in exports to the U.S. last year.
Qatar … US$478.8 million (up 82.9% from 2006)
Libya … $3.4 billion (up 36.9%)
Austria … $10.7 billion (up 28.5%)
Vietnam … $10.6 billion (up 24.1%)
Greece … $1.2 billion (up 23.5%)
South Africa … $9.1 billion (up 21%)
Lebanon … $105.2 million (up 18.1%)
Nigeria … $32.3 billion (up 17.6%)
Morocco … $609.9 million (up 17%)
Argentina … $4.5 billion (up 13%)
Saudi Arabia … $35.6 billion (up 12.4%)
France … $41.6 billion (up 12.3%)
China … $321.5 billion (up 11.7%)
India … $24 billion (up 10%)
Denmark … $6.1 billion (up 9.5%)
Israel … $20.8 billion (up 8.6%)
Hungary … $2.8 billion (up 8.5%)
Spain … $10.5 billion (up 7.7%)
Venezuela … $39.9 billion (up 7.4%)
Italy … $35billion (up 7.3%).
Sources for this Article
This article presents independent calculations and insights based on data drawn from the U.S. Census Bureau – Foreign Trade Statistics.
The copyright of the article Leading US Trade Partners in Import/Export is owned by Daniel Workman. Permission to republish Leading US Trade Partners in print or online must be granted by the author in writing.