Raul Amoros and Sam Parker from Visual Capitalist visualized America's annual import and exports to see which countries the US does the most trade with and what the trade balance deficit is. Here's what they found after crunching census data.
Key Takeaways:
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America's annual imports were $2.9 trillion in 2021, $1.1 trillion more than 2021's annual exports.
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Canada and Mexico account for nearly a quarter of America's total 2021 imports ($742 billion), while exports to those countries accounted for 32 percent ($584 billion) of America's total 2021 exports.
Top 10 Countries The US Trades With The Most
Values are in USD billions.
Trade Partner | Goods Imported | Goods Exports | Total Trade |
---|---|---|---|
๐จ๐ฆ Canada | $357.2 | $307.6 | $664.8 |
๐ฒ๐ฝ Mexico | $384.7 | $276.5 | $661.2 |
๐จ๐ณ China | $506.4 | $151.1 | $657.5 |
๐ฏ๐ต Japan | $135.1 | $75.0 | $210.1 |
๐ฉ๐ช Germany | $135.2 | $65.2 | $200.4 |
๐ฐ๐ท South Korea | $95 | $65.8 | $160.8 |
๐ฌ๐ง United Kingdom | $56.4 | $61.5 | $117.9 |
๐น๐ผ Taiwan | $77.1 | $36.9 | $114 |
๐ฎ๐ณ India | $73.3 | $40.1 | $113.4 |
๐ป๐ณ Vietnam | $101.9 | $10.9 | $112.8 |
Total | $2.85 Trillion | $1.76 Trillion | $4.61 Trillion |
US Trade Partners By Trade Deficit Of Goods
Rank | US Trade Partner | Goods Trade Deficit (USD Billion) |
---|---|---|
1 | ๐จ๐ณ China | $355.3 |
2 | ๐ฒ๐ฝ Mexico | $108.2 |
3 | ๐ป๐ณ Vietnam | $91.0 |
4 | ๐ฉ๐ช Germany | $70.1 |
5 | ๐ฏ๐ต Japan | $60.2 |
6 | ๐ฎ๐ช Ireland | $60.2 |
7 | ๐จ๐ฆ Canada | $49.5 |
8 | ๐ฒ๐พ Malaysia | $41.0 |
9 | ๐น๐ผ Taiwan | $40.2 |
10 | ๐ฎ๐น Italy | $39.3 |
Total Deficit | $1.09 Trillion |
Read more at Visual Capitalist.