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The largest import and export merchandise trade partners for most countries of the world are listed below. Details for the European Union, Hong Kong and Macau are also included. In most cases the data relates to 2021 rankings. Data was extracted from the World Trade Organization's Trade Profile Database. [1] [2]
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.
China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP). 'China developed a network of economic relations with both industrial economies and those constituting the semi-periphery and periphery of the world system.' [1] Due to the rapid growth of China's economy, the nation has developed many trading partners throughout the world.
After the Great Depression, the country emerged as among the most significant global trade policy-makers, and it is now a partner to a number of international trade agreements, including the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO). Gross U.S. assets held by foreigners were $16.3 trillion as of the ...
This is a list of the largest two-way trading partners of Australia, based on data released by the Australian Department of Foreign Affairs and Trade for the 2022 calendar year. [ 1 ] The largest trading partners
The European Commission Directorate-General for Trade lists the 10 largest trading partners of the European Union (EU) with their total trade (sum of imports and exports) in billions of euros for 2020 and 2021. With the United Kingdom’s withdrawal from the EU, the United Kingdom entered the top 10 partners of the EU-27.
Most favoured nation status is given to an international trade partner to ensure non-discriminatory trade between all partner countries of the WTO. A country which provides MFN status to another country has to provide concessions, privileges, and immunity in trade agreements. It is the first clause in the GATT.
As of at least early 2024, China is the largest trading partner of over 120 countries. [8]: 147 Given the scale of China and its economy, the country's impact on international trade flow is major. [7]: 272 As of at least 2024, the global current account surplus is largely composed of China, Europe, and the Middle East. [7]: 274