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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, Mexico is still the second largest trading partner of the United States after Canada. [1]
The country’s biggest trading partners were Mexico, China, and Canada. The $4 trillion in imports marked the highest amount on record for the US, with $3.3 trillion of imports coming from goods.
The following is a list and analysis of imports into the United States for 2020 and 2019 in millions of United States dollars. [1] [2] The United States imported $2,810.6 billion worth of goods and services in 2020, down $2,945 billion from 2019. This consisted of $2,350.6 billion worth of goods and $460.1 billion worth of services.
Both the EU and the United States have China as their largest source of imports. Conversely, the EU is China's largest source of imports. While the EU and the United States dominate as the largest trading partners in many parts of the world, other countries such as Brazil, Russia, and South Africa are gaining prominence within their respective ...
Sugar. Among Mexico’s largest exports to the U.S. are sugar and sweeteners. The U.S. spends more than $700 million importing sugar directly from Mexico.
Past dollar strength against the currencies of the United States' main trade partners has largely kept imported inflation contained. Core import prices rose 1.1% year-on-year in August.
The authority of Congress to regulate international trade is set out in the United States Constitution (Article I, Section 8, Paragraph 1): . The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and to promote the general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform ...
Walmart, the world's biggest retailer, has slashed Christmas imports deeply, shipping at least 340,000 kilos of products described as "Christmas" goods into the U.S. in the 12 months ending Sept ...