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U.S. top trading partners in 2022

US top trading partners 2022

1. Canada – $856.4 Billion

Canada remained the largest trading partner of the U.S. in 2022. Trade with Canada is deeply integrated thanks to the USMCA (United States-Mexico-Canada Agreement), which replaced NAFTA in 2020.

  • Exports to Canada: Machinery, vehicles, electrical machinery, mineral fuels, plastics.
  • Imports from Canada: Crude oil, vehicles, machinery, plastics, and timber.
  • The relationship is bolstered by geographical proximity, shared infrastructure, and energy pipelines.

2. Mexico – $779.3 Billion

Mexico was the second-largest trading partner of the U.S., continuing to benefit from USMCA as well.

  • Exports to Mexico: Machinery, electrical machinery, vehicles, mineral fuels, plastics.
  • Imports from Mexico: Vehicles, electrical machinery, machinery, agricultural products.
  • The automotive sector is a major component of trade between the two countries, with car parts often crossing the border multiple times before final assembly.

3. China – $690.6 Billion

Despite tensions over tariffs, human rights, and technology, China remained a critical partner.

  • Exports to China: Semiconductors, agricultural products (soybeans), aircraft, machinery.
  • Imports from China: Electronics, machinery, furniture, textiles, toys.
  • While China ranks third overall, it was the largest source of U.S. imports in 2022.

4. Japan – $243.4 Billion

Japan is one of the U.S.’s closest allies in Asia and a key partner in both trade and security.

  • Exports to Japan: Aircraft, machinery, medical instruments, agricultural products.
  • Imports from Japan: Vehicles, machinery, optical and medical instruments, electronics.
  • The U.S.-Japan trade relationship is characterized by high-quality manufacturing and technology goods.

5. Germany – $218.9 Billion

Germany is the largest European economy and a key trading partner, especially in high-value manufactured goods.

  • Exports to Germany: Aircraft, machinery, medical instruments, pharmaceuticals.
  • Imports from Germany: Vehicles (BMW, Mercedes), machinery, pharmaceuticals, chemicals.
  • The U.S. maintains a trade deficit with Germany primarily due to its strong automotive and machinery exports.

6. South Korea – $186.7 Billion

South Korea continues to grow as a critical U.S. partner in tech, defense, and semiconductors.

  • Exports to South Korea: Semiconductors, aircraft, vehicles, machinery, beef.
  • Imports from South Korea: Semiconductors, vehicles, machinery, steel, consumer electronics.
  • The U.S.-Korea Free Trade Agreement (KORUS) supports this strong bilateral relationship.

7. United Kingdom – $134.3 Billion

Post-Brexit, the U.S.-UK relationship remains strong, though trade volumes are lower than with other partners.

  • Exports to the UK: Aircraft, machinery, precious metals (gold), pharmaceuticals.
  • Imports from the UK: Vehicles, machinery, chemicals, art/antiques.
  • Services trade, including financial services and insurance, is also a major part of this relationship.

8. Vietnam – $138.9 Billion

Vietnam has emerged as a rising trade partner, especially as companies diversify manufacturing away from China.

  • Exports to Vietnam: Machinery, cotton, aircraft, agricultural products.
  • Imports from Vietnam: Electronics, clothing, furniture, footwear, machinery.
  • U.S. companies continue to invest heavily in Vietnamese supply chains.

9. India – $131.2 Billion

India’s growing economy and large consumer base make it a strategic partner.

  • Exports to India: Oil, aircraft, machinery, diamonds, agriculture.
  • Imports from India: Pharmaceuticals, jewelry, textiles, machinery, chemicals.
  • The digital economy and tech services also play a major role.

10. Taiwan – $103.1 Billion

Taiwan plays a crucial role in the global supply chain for semiconductors.

  • Exports to Taiwan: Machinery, aircraft, agricultural products.
  • Imports from Taiwan: Semiconductors, electronics, machinery, plastics.
  • The U.S. heavily relies on Taiwanese semiconductor manufacturing giants like TSMC.

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Summary Table: Top 10 U.S. Trading Partners by Total Trade Volume in 2022

Rank Country Total Trade (USD)
1 Canada $856.4 Billion
2 Mexico $779.3 Billion
3 China $690.6 Billion
4 Japan $243.4 Billion
5 Germany $218.9 Billion
6 South Korea $186.7 Billion
7 Vietnam $138.9 Billion
8 United Kingdom $134.3 Billion
9 India $131.2 Billion
10 Taiwan $103.1 Billion
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