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List of The Largest Trade Partners of United States

Author: Exports News
Feb 12, 2024
5 min read
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Feb 12, 2024
5 min read
US trade performance

Accounting for less than 5 percent of the world's population, Americans generate and earn more than 20 percent of the world's total income. America has the world's largest national economy and is the world's leading trader. The process of opening global markets and growing trade, which began in the United States in 1934 and has been constantly pursued since the end of WWII, has played a significant part in the development of American economy.

Now the U.S. has trade relations with more than 200 countries, territories, and regional associations around the globe and its trade with other nations is worth $4.9 trillion per year. Therefore, we can conclude that world trade plays a significant role in America's life. Let's take a closer look at who America's main partners are.

What Are the Top U.S. Exports?

According to the data available so far, the following are the United States' top exports: 

  • Gasoline and Other Fuels: $114 billion The main export destinations for these exports from the U.S. are: Mexico, Canada, Chile. Some of the fastest-growing export markets for U.S. gasoline and other fuels are Brazil, Colombia, and Trinidad and Tobago.
  • Crude Petroleum: $96.9 billion The main export destinations for these exports from the U.S. are : India, The Netherlands, South Korea.  Some of the fastest-growing export markets for U.S. crude petroleum are South Korea, Netherlands and India.
  • Liquified Natural Gas (LNG) and Other Natural Gases: $81.6 billion. The main export destinations for these exports from the U.S. are: Mexico, France, United Kingdom.
  • Civilian Aircraft Parts: $73.3 billion. The main export destinations for these exports from the U.S. are: France, Germany, United Kingdom
  • Passenger Vehicles: $47.6 billion. Compared to last year, car exports are up 15.3%, though these exports were down 5.65% the first quarter of this year. The main export destinations for these exports from the U.S. are: Canada, Germany, China. 

What Are the Top U.S. Imports?

  • Machinery including computers: $428.8 billion. The main import sources for these imports to the U.S. are: China, Canada, Mexico. 
  • Vehicles: $283.1 billion. The main import sources for these imports to the U.S. are: Mexico, Japan, Canada 
  • Mineral fuels including oil: $223.9 billion. The main import sources for these imports to the U.S. are: Canada, Mexico, Brazil, Turkey
  • Pharmaceuticals: $149.5 billion. The main import sources for these imports to the U.S. are: China, India and Mexico

Main U.S. trade partners

U.S trade agreements

The United States currently has 14 Free Trade Agreements (FTAs) with 20 countries in force: Australia, Bahrain, Canada (included in the NAFTA), Chile, Colombia, Costa Rica (included in CAFTA-DR), Dominican Republic (included in CAFTA-DR), El Salvador (included in CAFTA-DR), Guatemala (included in CAFTA-DR), Honduras (included in CAFTA-DR), Israel, Jordan, Korea, Mexico (included in NAFTA), Morocco, Nicaragua (included in CAFTA-DR), Oman, Panama, Peru, Singapore. 

U.S. Main Trade Partners 

Based on the above, we can compile a list of the largest U.S. trade partners. So here is a list of the 25 nations that make up America's top trade partners in terms of the amount of money such nations contribute to US export sales, or the nations that get the most expensive American cargoes. Also shown is each import country’s percentage of total American exports.

  • Canada: US$307 billion 
  • Mexico: $276.5 billion (15.8%)
  • China: $151.1 billion (8.6%)
  • Japan: $75 billion (4.3%)
  • South Korea: $65.8 billion (3.7%)
  • Germany: $65.2 billion (3.7%)
  • United Kingdom: $61.5 billion (3.5%)
  • Netherlands: $53.6 billion (3.1%)
  • Brazil: $46.9 billion (2.7%)
  • India: $40.1 billion (2.3%)
  • Taiwan: $36.9 billion (2.1%)
  • Singapore: $35.8 billion (2%)
  • Belgium: $33.7 billion (1.9%)
  • France: $30.7 billion (1.7%)
  • Hong Kong: $30 billion (1.7%)
  • Australia: $26.4 billion (1.5%)
  • Switzerland: $24 billion (1.4%)
  • Italy: $21.8 billion (1.2%)
  • Chile: $17.3 billion (1%)
  • United Arab Emirates: $17.1 billion (1%)
  • Colombia: $16.5 billion (0.9%)
  • Spain: $16.1 billion (0.9%)
  • Malaysia: $15.2 billion (0.9%)
  • Ireland: $13.6 billion (0.8%)
  • Israel: $12.8 billion (0.7%)

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