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As a percentage of U.S. gross domestic product, the goods and services deficit was 3.2% in 2020, up from 2.7% in 2019. [1] [2] The large decline in imports in 2020 has been attributed to the effects of COVID-19 pandemic. [3] Some key highlights of the 2020 data are: Imports of goods decreased $166.2 billion to $2,350.6 billion in 2020. [1] [2]
U.S. states and territories by imports 2018 (in current dollars) National rank State/territory Imports in US$ [7] [8] % of states GDP [9] Largest source [8] Largest import product [8] — United States: $2,540,805,731,547 12.2 China: computer and electronic products 1 California: $441,019,089,038 14.6 China: computer and electronic products 2 Texas
The 30 largest trade partners of the United States represent 86.1 percent of U.S. exports, and 89.6 percent of U.S. imports as of 2024. These figures do not include services or foreign direct investment. In 2024, Canada is the largest trading partner of the United States, followed by Mexico and China. [1] [failed verification]
Machinery Partner used Census Bureau trade data to identify the 25 U.S. imports that grew most from 2022 to 2023, ranked by percent change in value. ... 800-290-4726 more ways to reach us.
Essentially, the tariff on imports plus the 25% penalty could effectively put an end to NAFTA, making “auto parts and electronics from Mexico pricier.” Plus, he added, “Companies might move ...
One food import that American consumers could see a significant price increase in is avocados. Grown primarily in Mexico due to its warm, humid climate, Mexican avocados make up nearly 90% of the ...
This is a list of countries by trade-to-GDP ratio, i.e. the sum of exports and imports of goods and services, divided by gross domestic product, expressed as a percentage, based on the data published by World Bank. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1.
The U.S. trade deficit in goods widened to a 2-1/2-year high in September amid a surge in imports, prompting some economists to trim their economic growth estimates for the third quarter.