Which country generates the most international sales for US small businesses?

What country buys the most US products?

Canada was the largest purchaser of U.S. goods exports in 2019, accounting for 17.8 percent of total U.S. goods exports. The top five purchasers of U.S. goods exports in 2019 were: Canada ($292.6 billion), Mexico ($256.6 billion), China ($106.4 billion), Japan ($74.4 billion), and the United Kingdom ($69.1 billion).

Where does the US get most of its products?

Key Takeaways

  • The United States imports half of its total volume from five countries: China, Canada, Mexico, Japan, and Germany.
  • Although the United States can manufacture goods it imports, these exporting countries have the comparative advantage over it.

What are the top 5 countries we export to?

The top 10 export countries are China, United States, Germany, Japan, Netherlands, Hong Kong, South Korea, Italy, France and Belgium. Collectively, those leading exports-based economies represent over half (52.3%) of total exports by value from all countries.

What country does the most business with the US?

China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.

Who is China’s biggest trade partner?

Mainland China’s 100 major trade partners account for $2.551 trillion or 98.5% of all exported goods consumed by trade partners that import from the People’s Republic.

Searchable Datalist of Countries Consuming China’s Exports.

IT IS INTERESTING:  You asked: How do I start a small wholesale business?
Rank 1.
Importer United States
Exports from China (US$) $452,576,771,000
2019-20 +8.1%

What is the US biggest export?

Searchable List of America’s Most Valuable Export Products

Rank US Export Product YOY
1 Processed petroleum oils -30.6%
2 Crude oil -23%
3 Cars -18.7%
4 Integrated circuits/microassemblies +10.3%

Where does US get most of its oil?

Saudi Arabia, the largest OPEC exporter, was the source of 7% of U.S. total petroleum imports and 8% of U.S. crude oil imports. Saudi Arabia is also the largest source of U.S. petroleum imports from Persian Gulf countries.

What is the number 1 import to the US?

Searchable List of America’s Most Valuable Import Products

Rank US Import Product 2020 Value (US$)
1 Cars $145,659,382,000
2 Computers, optical readers $104,948,207,000
3 Phone system devices including smartphones $102,547,452,000
4 Medication mixes in dosage $95,175,568,000

Which country is best for export?

The United States recorded an export value of 1.43 trillion U.S. dollars in 2020.

Leading export countries worldwide in 2020 (in billion U.S. dollars)

Characteristic Value in billion U.S. dollars
China 2,591.12
United States 1,431.64
Germany 1,380