OfTheCross
Veteran
I know it's known, but damn. looking at the graph makes it seem like ALOT.
We need to diversify that quite a bit...
www.visualcapitalist.com
Let’s take a look at the 10 countries that trade the most with the United States:
The $355 billion deficit with China comes from importing $506 billion in goods such as machinery, furniture, and bedding. Interestingly, many of those imports are made by American companies who outsource their production to China. These outsourcing activities are counted as imports even though they create profit for these U.S. companies.
Below we order U.S. trade partners by trade deficit of goods:
We need to diversify that quite a bit...
Ranked: Visualizing the Largest Trading Partners of the U.S.
U.S. trade of goods amounted to nearly $4.6 trillion in 2021, and Canada, Mexico, and China were the country's biggest trading partners.
www.visualcapitalist.com
Who Does the U.S. Trade Most With?
In 2021, U.S trade of goods amounted to nearly $4.6 trillion and Canada, Mexico, and China were America’s largest trading partners. Those three countries alone combined for a total trade of $1.9 trillion, equal to about 41% of all trade of goods.Let’s take a look at the 10 countries that trade the most with the United States:
Which Countries Does the U.S. Have the Largest Trade Deficit With?
The largest trade deficit is undoubtedly with China, which accounts for more than 32% of the U.S. trade deficit in goods.The $355 billion deficit with China comes from importing $506 billion in goods such as machinery, furniture, and bedding. Interestingly, many of those imports are made by American companies who outsource their production to China. These outsourcing activities are counted as imports even though they create profit for these U.S. companies.
Below we order U.S. trade partners by trade deficit of goods:
