The Top Countries Exporting to the U.S., These
Nations Provide Billions of Dollars in Trade by Karen Waksman, 11/18/17,
thebalance.com
It's common for U.S. businesses to
trade with companies in other countries. From Europe to Asia, American
corporations operate on a global
scale. Some countries are more popular
than others due to their favorable business regulations and less time-intensive
customs processes. As of 2015 – the last full year for which comprehensive
statistics are available – these nations
do billions of dollars in trade.
China:
$502 Billion
China is, by far, the biggest exporter to the U.S. The
majority of computers and other technological devices, such as tablets
and smartphones, are manufactured in China and exported to the United
States. The Chinese electronic assembly industry is a huge business there,
employing millions of people throughout the country.
Canada:
$302 Billion
Our neighbor in the north is one of
the biggest exporters, sending billions of dollars' worth of oil, vehicles and machinery to the U.S. Canada's exports account for over 13 percent of the total products brought into
the country.
Mexico:
$297 Billion
The primary exports to the U.S. from
south of the border are manufactured or assembled goods, such as automobiles,
computers and machinery. Lower wages and the closeness of manufacturing
facilities make Mexico an attractive exporter for U.S. companies.
Japan:
$134 Billion
The automotive industry is the
primary source of Japan's export of products to the U.S. Sending cars into the
country from makers such as Hyundai and Mitsubishi accounted for over $47 billion in 2015.
Germany:
$75 Billion
Like Japan and Canada, Germany’s
biggest export to the U.S. is passenger vehicles, followed by machinery and
pharmaceuticals.
South
Korea: $74 Billion
South Korean exports have grown over
the past few years. They were the sixth highest exporter as of the end of 2015.
The products this country supplies are primarily cars, electronics, machinery
and oil.
United
Kingdom: $59 Billion
The United
Kingdom's industry slid slightly in 2015
and was surpassed by South Korea. The primary exports were once vehicles, but
now the U.K.'s number one export is machinery.
France:
$48 Billion
Like the United Kingdom, France is
well known for its exports of machinery, but the country is also known for its
aircraft manufacturing and beverages. Think wine.
India:
$46 Billion
India is one of the fastest growing
export resources, although the country didn't even come close to the top 10 a
few years ago. India's key exports include gemstones, pharmaceuticals, and oil.
The pharmaceutical industry has particularly boomed as more and more U.S.
companies outsource manufacturing to India then export the finished products
into the U.S.
Italy:
$45 Billion
Italy has also experienced a great
deal of economic growth and this is reflected in its exports. The country is
primarily known for machinery, pharmaceuticals and beverages – yes, wine
again – representing 2 percent of U.S. imports.
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