The United States of America is a transcontinental country that consists of 50 states in total, a federal district, five significant unorganized territories, and nine small outlying islands.
According to USA Import Export Data, the US is in 1st position in the world in terms of Nominal GDP, and it contains a total value of $4.6 trillion US Dollars in 2021, making the US the highest GDP growth rate country in the world.
Based on the latest US Custom Data, the US is ranked 2nd throughout the world in terms of Purchasing Power Parity (PPP).
In terms of US Import data, the US is ranked the 1st largest importer in the world with a total import value of $2.56 trillion U.S. dollars in the year 2020. Also, US Export Data shows that the US is the rank of 2nd largest exporter in the world with a total export value of $1.64 trillion US Dollars in the year 2020.
The major import-Export product of the US is “Machinery” with a total import value of $361.5 Billion US Dollars in the year 2020, or with a total export value of $182.5 Billion US Dollars in the year 2020.
The most trading partner of the US country-wise, in terms of exporting, is “Canada” with a total Export value of $255.1 billion US Dollars in the year 2020. And In Terms of Importing is “China” with a total Import value of $457.1 Billion US Dollars in the year 2020.
Which US imports are the most significant?
USA Import data shows that Due to its great economic diversity, The US imports a wide range of products to meet the demands of its market. However, we’ve just covered the top import items so far, which are listed below. These items are imported in significant quantities, earn a lot of money, and are in high demand all around the world.
S No | Product Name | Total USD Value | Total Import percentage |
1 | Machinery | $361.5 Billion | 15% |
2 | Electrical Machinery and Equipment | $343.4 Billion | 14.2% |
3 | Vehicles | $254.4 Billion | 10.5% |
4 | Pharma Products | $139.5 Billion | 5.8% |
5 | Mineral Fuels and Oils | $130.5 Billion | 5.4% |
6 | Pearls and Precious | $106.9 Billion | 4.4% |
7 | Optical, Photographic, Medical Equipment | $90.8 Billion | 3.7% |
8 | Furniture, Bedding, Mattresses, etc. | $65.4 Billion | 2.7% |
9 | Plastics | $62.4 Billion | 2.5% |
10 | Organic Chemicals | $55.8 Billion | 2.3% |
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Which US exports are the most significant?
USA Export data shows The popularity of special products that are being made in the US This Is The Reason Why Many other nations like importing those specific things from the US because it is a fairly huge country with a significant number of well-known international products. However, for the time being, we are only addressing the top export items, which are mentioned below and are exported in significant amounts:
S No | Product Name | Total USD Value | Total Import percentage |
1 | Machinery | $ 182.5 Billion | 12.7% |
2 | Electrical Machinery & Equipment | $ 162.8 Billion | 11.3% |
3 | Mineral Fuels & Oils | $ 155.1 Billion | 10.8% |
4 | Vehicles | $ 105.2 Billion | 7.3% |
5 | Optical, Photographic, Medical Equipment | $ 83.4 Billion | 5.8% |
6 | Aircraft, Spacecraft & Parts | $ 80.9 Billion | 5.6% |
7 | Plastics | $ 60.2 Billion | 4.2% |
8 | Pearls & Precious Stones | $ 59.9 Billion | 4.1% |
9 | Pharma Products | $ 53.9 Billion | 3.7% |
10 | Organic Chemicals | $ 33.9 Billion | 2.3% |
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Who are the major Import trading partners of the US Country-wise?
USA Customs Datashoes that the united states of America import a variety of items from other countries, which contributes to the explanation of why they have good relations with almost every country. As a result, the following are USA’s top 10 import trading partners in 2020:
In the below chart we have mentioned the total export value with the partner country –
Import Partners | Total Import value |
China | $457.1 Billion |
Mexico | $328.8 Billion |
Canada | $277.3 Billion |
Japan | $122.4 Billion |
Germany | $117.4 Billion |
Vietnam | $83.2 Billion |
South Korea | $78.3 Billion |
Switzerland | $75.5 Billion |
Ireland | $65.7 Billion |
Taipei Chinese | $462.4 Billion |
Who are the major export trading partners of the US Country-wise?
According to USA Trade data on USA foreign commerce, the USA manufactures a wide range of goods and sells them, which fosters positive connections between the USA and practically every other country. The top 10 export trading partners are depicted in the graphic below –
export Partners | Total export value |
Canada | $255.1 Billion |
Mexico | $212.6 Billion |
China | $124.6 Billion |
Japan | $64 Billion |
The United Kingdom | $59 Billion |
Germany | $59 Billion |
South Korea | $57.7 Billion |
Netherlands | $51.2 Billion |
Brazil | $45.5 Billion |
Taipei Chinese | $35 Billion |
What are the major import-export ports of USA?
According to US Shipment Data, US trade is expected to rise rapidly that allowing it to continue developing and expanding its Management.
There is various Port in the USA that plays an essential role in export & import trade but as of now we just mentioned the top most important ports of the USA which play a crucial role in the import & export market that is as follows –
- Port of Los Angeles
- Port of Long Beach
- Port of New York & New Jersey
- Georgia Ports
- Port of Seattle-Tacoma
- Port of Virginia
- Port of Houston
- South Carolina ports
- Port of Oakland
- Port of Miami
Conclusion – The blog was quite informative and taught us about US major import-export partners and products. Additionally, it displays the port details. We can therefore conclude that the article gives us sufficient information. If you want to learn more about Internation trade statistics, contact us at info@eximtradedata.com or +91-9625812393 or visit our official website Exim Trade Data
