Top American Trade Partners in 2007

Based on statistics from the United States International Trade Commission (USITC), total American exports amounted to US$1.94 trillion in 2007. Overall imports into America were valued at $1.05 trillion.

The overall U.S. trade deficit for 2007 was some $900 billion.

The following analysis identifies the top 15 countries for overall American trade, exports and imports. In addition, the top 10 countries contributing to the U.S. trade deficit are ranked.

Top Overall US Trade Partners

The following 15 countries were responsible for 72.6% of the total international trade that the USA conducted in 2007, valued at US$3 trillion. The 3 leading countries accounted for over 40% of overall American global trade.

1. Canada ... US$525.6 billion (17.6% of total US trade)
2. China ... $384.1 billion (12.8%)
3. Mexico ... $329.5 billion (11%)
4. Japan ... $203 billion (6.8%)
5. Germany ... $138.7 billion (4.6%)
6. United Kingdom ... $102.3 billion (3.4%)
7. South Korea ... $78.4 billion (2.6%)
8. France ... $67 billion (2.2%)
9. Taiwan ... $62.6 billion (2.1%)
10. Netherlands ... $49.8 billion (1.7%)
11. Italy ... $47.6 billion (1.6%)
12. Venezuela ... $47.3 billion (1.6%)
13. Brazil ... $46.7 billion (1.6%)
14. Saudi Arabia ... $45.1 billion (1.5%)
15. Malaysia ... $43 billion (1.4%).

Top Trade Partners Consuming US Exports

Led by neighbouring nations in North America, the countries below bought 72.5% of overall American exports sent around the world last year.

1. Canada ... US$213.1 billion (20.4% of total US exports)
2. Mexico ... $119.4 billion (11.4%)
3. China ... $61 billion (5.8%)
4. Japan ... $58.1 billion (5.6%)
5. United Kingdom ... $45.4 billion (4.3%)
6. Germany ... $44.3 billion (4.2%)
7. South Korea ... $33 billion (3.2%)
8. Netherlands ... $30.5 billion (2.9%)
9. France ... $25.8 billion (2.5%)
10. Taiwan ... $24.5 billion (2.3%)
11. Singapore ... $23.6 billion (2.3%)
12. Belgium ... $23 billion (2.2%)
13. Brazil ... $21.7 billion (2.1%)
14. Australia ... $17.9 billion (1.7%)
15. India ... $16.3 billion (1.6%).

Top Trade Partners Supplying US Imports

The following countries shipped 75.7% of total world exports delivered to America last year.

1. China ... US$323.1 billion (16.6% of total US imports)
2. Canada ... $312.5 billion (16.1%)
3. Mexico ... $210.2 billion (10.8%)
4. Japan ... $144.9 billion (7.5%)
5. Germany ... $94.4 billion (4.9%)
6. United Kingdom ... $56.9 billion (2.9%)
7. South Korea ... $45.4 billion (2.3%)
8. France ... $41.2 billion (2.1%)
9. Taiwan ... $38.1 billion (2%)
10. Venezuela … $37.6 billion (1.9%)
11. Saudi Arabia … $35.3 billion (1.8%)
12. Italy … $35 billion (1.8%)
13. Malaysia … $32.8 billion (1.7%)
14. Nigeria … $32.5 billion (1.7%)
15. Ireland … $30.3 billion (1.6%).

Leading Trade Partners Contributing Most to US Deficit

The 15 nations below accounted for a total US$811.2 billion or 90.4% of total U.S. trade deficit for 2007.

1. China ... - US$262.1 billion (29.2% of total US deficit)
2. Canada ... - $99.4 billion (11.1%)
3. Mexico ... - $90.8 billion (10.1%)
4. Japan ... - $86.8 billion (9.7%)
5. Germany ... - $50.1 billion (5.6%)
6. Nigeria ... - $29.8 billion (3.3%)
7. Venezuela ... - $27.8 billion (3.1%)
8. Saudi Arabia ... - $25.4 billion (2.8%)
9. Malaysia ... - $22.5 billion (2.5%)
10. Italy … - $22.48 billion (2.5%)
11. Ireland ... - $21.9 billion (2.4%)
12. Algeria ... - $15.8 billion (1.8%)
13. France ... - $15.5 billion (1.7%)
14. Thailand ... - $14.8 billion (1.7%)
15. Taiwan ... - $13.5 billion (1.5%)
16. Russia ... - $12.5 billion (1.4%).

Leading Trade Partners Contributing Most to Potential US Surplus

The USA ran a trade deficit with most – but not all – of its trade partners in 2007. In fact, the 15 trade nations below accounted for a total US$67.6 billion surplus in their trade with America. That amount is equal to 7.5% of the total U.S. trade deficit.

1. Netherlands … US$11.3 billion (equivalent to 1.3% of US total deficit)
2. United Arab Emirates … $9.6 billion (1.1%)
3. Australia … $9.3 billion (1%)
4. Hong Kong … $7.8 billion (0.9%)
5. Belgium … $7.7 billion (0.9%)
6. Singapore … $4.5 billion (0.5%)
7. Panama … $3.1 billion (0.3%)
8. Egypt … $2.9 billion (0.3%)
9. Qatar … $2.1 billion (0.2%)
10. Bahamas … $2 billion (0.2%)
11. Turkey … $1.8 billion (0.2%)
12. Dominican Republic … $1.6 billion (0.2%)
13. Jamaica … $1.55 billion (0.2%)
14. Netherlands Antilles … $1.2 billion (0.1%)
15. Paraguay … $1.1 billion (0.1%).

Sources for this Article

This article presents independent calculations and insights based on data drawn from the United States International Trade Commission.

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