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