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Balance of trade with the United States. The 30 largest trade partners of the United States represent 87.9 percent of U.S. exports, and 87.4 percent of U.S. imports as of 2021. These figures do not include services or foreign direct investment. In 2023, Canada is the largest trading partner of the United States, followed by Mexico. [1]
For most economies worldwide, their leading export and import trading partners in terms of value are typically the United States, the European Union (EU) or China. Emerging markets such as Russia, Brazil, India, South Africa, Saudi Arabia, the UAE, Turkey, and Iran are becoming increasingly important as major markets or source countries in various regions.
In 2022, the US imported $4 trillion in goods and services and exported $3 trillion. The country’s biggest trading partners were Mexico, China, and Canada.
United States–United Arab Emirates Free Trade Agreement (5th round of talks are yet to be scheduled) (part of US–MEFTA initiative) United States–Southern African Customs Union Free Trade Agreement (on hold since 2006 due to US demands on intellectual property rights, government procurement rights and investment)
Canada was the largest export trade partner for 36 states in 2023, while Mexico was the main export trade partner for several other states. The new tariffs would likely affect US consumers.
Geopolitical pressures shift top trading partners. For the first time in decades, Mexico overtook China in the number of goods bought and sold to the U.S. in 2023.
Trump adds Europe to the list of US trade partners he's threatening with tariffs; US flu season is underway, as cases surge in some areas and vaccinations lag; US civil rights probe faults Philadelphia school district over handling of antisemitism reports; The year in review: Influential people who died in 2024
Oman–United States Free Trade Agreement [18] [19] Panama: 1 June 28, 2007 October 31, 2012 Panama–United States Trade Promotion Agreement [20] [21] Peru: 1 April 12, 2006 February 1, 2009 Peru–United States Trade Promotion Agreement [22] [23] Singapore: 1 May 6, 2003 January 1, 2004 Singapore–United States Free Trade Agreement [24] [25 ...