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Top Trading Partners - January 2017
Year-to-Date Total Trade
| Rank | Country | Exports | Imports | Total Trade | Percent of Total Trade |
|---|---|---|---|---|---|
| --- | Total, All Countries | 117.7 | 185.8 | 303.6 | 100.0% |
| --- | Total, Top 15 Countries | 79.9 | 146.6 | 226.5 | 74.6% |
| 1 | China | 10.1 | 41.4 | 51.4 | 16.9% |
| 2 | Canada | 20.7 | 24.3 | 44.9 | 14.8% |
| 3 | Mexico | 19.5 | 23.5 | 43.0 | 14.2% |
| 4 | Japan | 5.0 | 10.5 | 15.5 | 5.1% |
| 5 | Germany | 3.9 | 8.8 | 12.7 | 4.2% |
| 6 | Korea, South | 3.4 | 6.0 | 9.3 | 3.1% |
| 7 | United Kingdom | 3.7 | 4.3 | 8.1 | 2.7% |
| 8 | France | 2.4 | 3.8 | 6.2 | 2.0% |
| 9 | Taiwan | 2.2 | 3.4 | 5.6 | 1.8% |
| 10 | India | 1.7 | 3.8 | 5.5 | 1.8% |
| 11 | Italy | 1.4 | 3.6 | 5.1 | 1.7% |
| 12 | Brazil | 2.7 | 2.2 | 5.0 | 1.6% |
| 13 | Switzerland | 1.7 | 3.1 | 4.8 | 1.6% |
| 14 | Ireland | 0.7 | 4.0 | 4.8 | 1.6% |
| 15 | Vietnam | 0.7 | 4.0 | 4.6 | 1.5% |
Year-to-Date Exports
| Rank | Country | Exports | Percent of Total Exports |
|---|---|---|---|
| --- | Total, All Countries | 117.7 | 100.0% |
| --- | Total, Top 15 Countries | 87.0 | 73.9% |
| 1 | Canada | 20.7 | 17.6% |
| 2 | Mexico | 19.5 | 16.6% |
| 3 | China | 10.1 | 8.6% |
| 4 | Japan | 5.0 | 4.3% |
| 5 | Germany | 3.9 | 3.3% |
| 6 | United Kingdom | 3.7 | 3.2% |
| 7 | Hong Kong | 3.7 | 3.2% |
| 8 | Korea, South | 3.4 | 2.9% |
| 9 | Netherlands | 3.2 | 2.7% |
| 10 | Brazil | 2.7 | 2.3% |
| 11 | France | 2.4 | 2.1% |
| 12 | Singapore | 2.4 | 2.0% |
| 13 | Belgium | 2.3 | 2.0% |
| 14 | Taiwan | 2.2 | 1.9% |
| 15 | Switzerland | 1.7 | 1.5% |
Year-to-Date Imports
| Rank | Country | Imports | Percent of Total Imports |
|---|---|---|---|
| --- | Total, All Countries | 185.8 | 100.0% |
| --- | Total, Top 15 Countries | 147.2 | 79.2% |
| 1 | China | 41.4 | 22.3% |
| 2 | Canada | 24.3 | 13.1% |
| 3 | Mexico | 23.5 | 12.6% |
| 4 | Japan | 10.5 | 5.7% |
| 5 | Germany | 8.8 | 4.7% |
| 6 | Korea, South | 6.0 | 3.2% |
| 7 | United Kingdom | 4.3 | 2.3% |
| 8 | Ireland | 4.0 | 2.2% |
| 9 | Vietnam | 4.0 | 2.1% |
| 10 | India | 3.8 | 2.0% |
| 11 | France | 3.8 | 2.0% |
| 12 | Italy | 3.6 | 2.0% |
| 13 | Taiwan | 3.4 | 1.8% |
| 14 | Switzerland | 3.1 | 1.6% |
| 15 | Malaysia | 2.9 | 1.6% |
Year-to-Date Surpluses
| Rank | Country | Surplus |
|---|---|---|
| 1 | Hong Kong | 3.1 |
| 2 | Netherlands | 1.8 |
| 3 | Belgium | 1.3 |
| 4 | Singapore | 1.1 |
| 5 | United Arab Emirates | 1.0 |
| 6 | Australia | 0.8 |
| 7 | Brazil | 0.5 |
| 8 | Panama | 0.5 |
| 9 | Argentina | 0.4 |
| 10 | Dominican Republic | 0.3 |
| 11 | Guatemala | 0.3 |
| 12 | Costa Rica | 0.2 |
| 13 | Chile | 0.2 |
| 14 | Paraguay | 0.2 |
| 15 | Kuwait | 0.2 |
Year-to-Date Deficits
| Rank | Country | Deficit |
|---|---|---|
| 1 | China | -31.3 |
| 2 | Japan | -5.5 |
| 3 | Germany | -4.9 |
| 4 | Mexico | -3.9 |
| 5 | Canada | -3.6 |
| 6 | Vietnam | -3.3 |
| 7 | Ireland | -3.3 |
| 8 | Korea, South | -2.6 |
| 9 | Italy | -2.2 |
| 10 | India | -2.1 |
| 11 | Malaysia | -1.8 |
| 12 | Thailand | -1.5 |
| 13 | Switzerland | -1.3 |
| 14 | France | -1.3 |
| 15 | Israel | -1.2 |
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As an expert in international trade data analysis, I can assure you that the information provided in the article is derived from official sources, specifically the United States government's official website, Census.gov. The data presented is a comprehensive overview of U.S. international trade, covering various aspects such as total trade, exports, imports, surpluses, and deficits.
The figures are reported in billions of dollars and are categorized by country, providing a detailed breakdown of the top trading partners and their respective trade balances with the United States. The statistics are presented on a Census Basis and are unrevised, ensuring accuracy and reliability in the analysis.
Let's break down the key concepts used in the article:
-
Total Trade:
- Represents the sum of both exports and imports. The figures indicate the total economic exchange between the U.S. and other countries.
-
Exports and Imports:
- Exports refer to goods shipped from the U.S. to other countries.
- Imports represent goods brought into the U.S. from other nations.
-
Surpluses and Deficits:
- Surpluses occur when the value of exports exceeds imports.
- Deficits occur when the value of imports surpasses exports.
-
Top Trading Partners:
- Lists the top 15 countries based on their total trade with the U.S., exports, and imports.
- China, Canada, and Mexico consistently rank high in total trade, reflecting their significant economic ties with the U.S.
-
Year-to-Date (YTD) Data:
- Indicates cumulative data for the current year up to the present date, providing a snapshot of the trade performance over a specific period.
-
Percent of Total Trade:
- Shows the proportion of each country's contribution to the overall U.S. total trade.
-
Trade Surpluses and Deficits by Country:
- Highlights specific countries with surpluses (e.g., Hong Kong, Netherlands) and deficits (e.g., China, Japan) in their trade relationships with the U.S.
This data is crucial for policymakers, economists, businesses, and researchers to understand the dynamics of U.S. international trade and identify trends that may impact the economy. The inclusion of historical series, notices, and corrections further enhances the transparency and reliability of the information provided by the U.S. government.
