The United States' total Imports in 2024 were valued at US$3.36 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main import partners were: Mexico, China and Canada. The top three import commodities were: Machinery, nuclear reactors, boilers; Electrical, electronic equipment and Vehicles other than railway, tramway. Total Exports were valued at US$2.06 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.

In 2024, Mexico was the top trading partner of the United States based on import value. In that year, U.S. imports from Mexico totaled to 505.85 billion U.S. dollars. China and Canada rounded out the top three as these countries continue to enjoy a close trading relationship under the United States-Mexico-Canada trade agreement. Germany and Japan were also high on the list, both providing the U.S. with over 140 billion dollars worth of imports in 2024.

This table contains 3904 series, with data for years 2000 - 2016 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada);  Trade (2 items: Import; Export);  Top sixty trading partners (61 items: Total of all countries; United States; China; Mexico; ...);  Classification by Broad Economic Categories (BEC4) (32 items: Food and beverages; Food and beverages, primary; Food and beverages, primary, mainly for industry; Food and beverages, primary, mainly for household consumption; ...).

In 2024, the total value of U.S. trade goods amounted to approximately 5.4 trillion U.S. dollars. This shows the significance and scale of international trade for the economy of the United States. In 2024, the United States imported goods valuing around 3.3 trillion U.S. dollars from international trading partners, in comparison the value of goods exported from the United States to other countries amounted to around 2.1 trillion U.S. dollars.Import and export trade The import of trade goods relate to goods brought into the United States. This typically refers to goods grown, produced, or manufactured in other countries. Imports include goods of domestic origin which have been worked on abroad before reentering the United States. The export of trade goods refer to goods sold internationally which were grown, produced, or manufactured in the United States. It also includes commodities of foreign origin which have been changed in the United States from the form in which they were imported, or which have been enhanced in value or condition by further processing or manufacturing within the United States before again being sold internationally. Leading trade partners of the United States In 2023, Mexico was the largest source of goods imported into the United States, with goods valuing approximately 475.6 billion U.S. dollars. Mexico and Canada were the second and third largest exporters of goods to the United States, respectively. In 2023, Canada was the leading destination of goods exported from the United States, with U.S. trade goods worth over 350 billion U.S. dollars exported to Canada. Mexico and China also feature at the top of the list of importers of U.S. goods.

US Tariff Impact on Market

The US tariff policies have significantly impacted the global trade management market, leading to both opportunities and challenges for businesses. In particular, tariffs on imported goods have increased the complexity of managing cross-border trade, requiring businesses to implement more sophisticated trade management solutions.

As companies face rising costs due to tariffs, the demand for trade management systems that help optimize customs compliance, minimize duties, and streamline logistics has surged. Furthermore, sectors such as manufacturing, retail, and transportation have felt the brunt of these tariffs, with industries directly impacted by increased trade barriers.

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For example, the retail sector has seen a rise in goods costs, ultimately affecting margins. The US tariff impact on sectors like manufacturing and retail is approximately 10-15% as they deal with higher raw material costs and inventory disruptions. Companies now look for more automation and integrated solutions to mitigate these costs and streamline operations.

➤ Economic Impact

The US tariffs have led to an increased cost of imports, pushing businesses to adopt more efficient trade management systems. As tariffs increase, businesses are forced to reevaluate their supply chain strategies, leading to higher operational costs. In the long term, this could prompt global shifts in trade flows.

➤ Geographical Impact

US tariffs have disproportionately affected countries with high trade volumes with the US, especially China, Mexico, and Canada. As tariffs increase, businesses in these regions must adapt to higher costs and potential disruptions. This shift influences regional trade agreements and the movement of goods, altering global trade dynamics.

➤ Business Impact

US tariffs have forced businesses to invest in advanced trade management technologies to mitigate the effects of increased import duties and logistical delays. Companies are now focusing on automation, compliance optimization, and cost-effective solutions to navigate the growing complexities of international trade. Small and medium-sized enterprises face considerable challenges.

As of 2024, the United States had a trade deficit of about *** billion U.S. dollars. The U.S. trade deficit has increased since 2009, peaking in 2022. Most recently, 2023 marked the year when the U.S. trade deficit decreased from the previous year. What is trade deficit? A trade deficit is, quite simply, the total value of a country’s imports of goods and services minus the total value of its exports of goods and services. When a country exports more than it imports, it has a trade surplus, and when it imports more than it exports, it has a trade deficit. A trade deficit can mean one of two things: Either the country is failing to produce enough goods for its citizens, or its citizens are wealthy enough to purchase more goods than the country produces (as is the case with the United States). Trading partners The United States’ top export partners are its closest neighbors, Canada and Mexico, due in part to the North American Free Trade Agreement (NAFTA), which, pending ratification, will be replaced by the United States-Mexico-Canada Agreement (USMCA). Regarding imports to the U.S., China takes the top spot, followed by Mexico and Canada.

The statistic shows the trade balance of goods (exports minus imports of goods) in Canada from 2014 to 2024. A positive value means a trade surplus, a negative trade balance means a trade deficit. In 2024, the trade deficit of goods in Canada amounted to about **** billion U.S. dollars. Trade with Canada Canada reported a trade surplus until 2009 when the country’s trade balance went negative for the first time in recent history. Its deficit was ignited at the height of the global recession, and the value of exports decreased significantly at that time. It is only now showing signs of a recovery. Meanwhile, while imports decreased during the recession as well, they bounced back faster than exports. Currently, Canada maintains neither a trade deficit nor a trade surplus as both imports and exports amount to around *** billion U.S. dollars worth of goods. Canada is hoping this will continue, and it is looking to lower tariffs on exports in order to further boost the economy and increase exports. Canada has a long and strong trading relationship with the United States - Canada’s southern neighbor is without a doubt its most important export and import partner. Overall, Canada maintains an export advantage over the United States; maintaining greater export flows than import flows. The U.S. dollar is also worth more than the Canadian dollar, favoring further exports from Canada. China and Mexico also import Canadian goods, but significantly less than the United States.

The United States' total Exports in 2024 were valued at US$2.06 Trillion, according to the United Nations COMTRADE database on international trade. The United States' main export partners were: Canada, Mexico and China. The top three export commodities were: Mineral fuels, oils, distillation products; Machinery, nuclear reactors, boilers and Electrical, electronic equipment. Total Imports were valued at US$3.36 Trillion. In 2024, The United States had a trade deficit of US$1.29 Trillion.

Canada's total Imports in 2024 were valued at US$558.45 Billion, according to the United Nations COMTRADE database on international trade. Canada's main import partners were: the United States, China and Mexico. The top three import commodities were: Vehicles other than railway, tramway; Machinery, nuclear reactors, boilers and Electrical, electronic equipment. Total Exports were valued at US$569.17 Billion. In 2024, Canada had a trade surplus of US$10.72 Billion.

In 2023, Canada was the top trading partner with the United States based on export value. The U.S. exported goods worth about 354.36 billion U.S. dollars to Canada in that year. Mexico, China, the Netherlands, and Germany rounded out the top five export partners in that year.

Summarized two-way trade with Canada, total imports and total exports, for Brazil, China, India, Mexico, Russia and the US. Value of imports/exports by country in comparison to total imports/exports (Canadian dollars).

Several of the G20 members rely more on trade with either the United States or China, while some depend heavily on trade with both. Unsurprisingly, the two neighbors of the U.S., Canada and Mexico, send more than ************** of their exports to the U.S.. Moreover, nearly ** percent of exports from Japan, South Korea, and Brazil went to either China or the U.S. in 2022. With rising tensions between the world's two largest economies, the G20 members' reliance on the two may be a cause for concern.

China is the leading trading partner for U.S. imports of graphite. From 2020 through 2023, around ** percent of the graphite imported into the United States came from China. Neighboring countries Mexico and Canada accounted for an additional ** percent of graphite shipments, each, into the United States.

Discover the leading countries for glass fiber imports and the key statistics behind their market values. From the United States to Spain, explore the opportunities in the global glass fiber industry.

The United States imported 38.92 terawatt-hours of electricity in 2023 from its neighboring countries Canada and Mexico. In the past decade, electricity imports in the U.S. peaked in 2015, at nearly 76 terawatt-hours. Meanwhile, electricity exports from the U.S. have fluctuated between six and 20 terawatt-hours per year. Where do U.S. power imports come from? Electricity imports from Canada amounted to more than 33 terawatt-hours in 2023, a decrease on previous years. However, U.S. electricity imports from Mexico have sharply increased in the past decade, from less than two terawatt-hours in 2010 to more than five terawatt-hours in 2023. Electricity demand in the U.S. In the past half a century, electricity consumption in the U.S. more than doubled, amounting to over four petawatt-hours in 2023. The U.S., home to the world's third-largest population, is also one of the largest electricity consumers worldwide, ranking only after China.

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The statistic shows China's foreign trade share with selected countries in 2013. China's share of German foreign trade (imports and exports) amounted to about 5.5 percent in 2013.

Main trade partners of China

China's trade pattern has been largely influenced by its overall comparative advantage in labor intensive goods. In 2013, China was by far the world's largest trade nation, surpassing even the United States in terms of total merchandise trade value. That year’s goods exports from China had amounted to approximately 2.2 trillion U.S. dollars, while imports of goods had ranged at approximately 1.95 trillion U.S. dollars. Over the past decades, China has gained a lot of importance in international trade as both production and trading economies all over the world have developed close ties to the red dragon.

In 2013, China accounted for approximately 15 percent of Japan's foreign trade, making China the main trade partner of Japan. Japan mainly exports electronic equipment and machines to China and imports manufactured goods such as clothing from China. However, this relation has suffered since 2012 due to a long-running territorial dispute.

China also has tight trade ties to the United States. In 2013, China was the United States' third largest export market after Canada and Mexico. During the past ten years, goods exported from the United States to China and vice versa have grown substantially. By 2015, the United States have turned into China's main export partner with a share of about 18 percent in total exports from China.

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In 2024, Mexico was the country from which the United States imported the most reversible heat pumps. Meanwhile, the value of U.S. reversible heat pump imports from China was significantly smaller. Malaysia, Italy, Canada, and Indonesia were the next in the ranking.