The United States is the world’s largest trading nation, with over $5.6 trillion in exports and imports of goods and services in 2019. The U.S. has trade relations with more than 200 countries, territories, and regional associations around the globe. Show
Goods Exports The United States is the 2nd largest goods exporter in the world. U.S. goods exports to the world totaled $1.6 trillion in 2019, down 1.4 percent ($22.5 billion) from 2018. 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). U.S. goods exports to the European Union 27 were $267.6 billion. Goods Imports The United States is the largest goods importer in the world. U.S. goods imports from the world totaled $2.5 trillion in 2019, down 1.6 percent ($40.2 billion) from 2018. China was the top supplier of goods to the United States, accounting for 18 percent of total goods imports. The top five suppliers of U.S. goods imports in 2019 were: China ($452 billion), Mexico ($358 billion), Canada ($319 billion), Japan ($144 billion), and Germany ($128 billion). U.S. goods imports from the European Union 27 were $515 billion. Services Exports The United States is the largest services exporter in the world. In 2019, U.S. exports of services were $875.8 billion, up 1.6 percent ($13 billion) from 2018. U.S. exports of services account for 35 percent of overall U.S. exports in 2019. The United Kingdom was the largest purchaser of U.S. services exports in 2019 accounting for nearly 9 percent of total U.S. services exports. The top five purchasers of U.S. services exports in 2019 were: the United Kingdom ($78.3 billion), Canada ($67.7 billion), Ireland ($57.5 billion), China ($56.5 billion), and Japan ($50.0 billion). U.S. services exports to the European Union 27 were $200.3 billion. Services Imports The United States is the largest services importer in the world. In 2019, U.S. imports of services were $588.4 billion, up 4.7 percent ($26.3 billion) from 2018. The United Kingdom was the largest supplier of services, accounting for 11 percent of total U.S. service imports in 2019. The top five suppliers of U.S. services imports in 2019 were: the United Kingdom ($62.3 billion), Canada ($38.5 billion), Japan ($35.8 billion), Germany ($34.9 billion), and Mexico ($29.8 billion). U.S. services imports from the European Union 27 were $145.9 billion Countries are coordinated by region in the Resource Center on the left. You can also find a specific country alphabetically. Click on the first letter of the country name to jump to that sectionA|B|C|D|E|F|G|H|I|J|K|L|M|N|O|P|Q|R|S|T|U|V|W|X|Y|Z
What is the sale of goods and services by telephone?Telemarketing is the direct marketing of goods or services to potential customers over the telephone or the internet. Four common kinds of telemarketing include outbound calls, inbound calls, lead generation, and sales calls.
What means selling goods and services to ultimate customers over the internet?At its core, electronic commerce or e-commerce is simply the buying and selling of goods and services using the internet, when shopping online. However, the term is often used to describe all of a seller's efforts when selling products directly to consumers online.
What refers to all of the individuals and organizations that move goods from the sources of raw materials to ultimate consumers?A supply chain is a network of companies and people that are involved in the production and delivery of a product or service. The components of a supply chain include producers, vendors, warehouses, transportation companies, distribution centers, and retailers.
Which type of logistics is involved in bringing raw materials supplies and information from suppliers to the producer?Inbound logistics brings supplies or materials into a business, while outbound logistics deals with moving goods and products out to customers. Both focus heavily on the transporting of goods.
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Currently, in the united states the greatest volume of goods and services is shipped by
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