Which country is no 1 in import?

World's 10 Largest Importers

The United States is the world's largest importer of goods, followed by China and Germany.

Where does the US rank in imports?

Goods Imports

The United States is the largest goods importer in the world.

What is our #1 import?

Key Takeaways

The US is the largest importer in the world, and the second-largest exporter (next to China). The biggest single category of goods the US imports is cars and the biggest export is refined petroleum.

What is USA biggest export?

Is China the U.S. biggest importer?

China is the leading supplier for every import category for the United States.

World's Largest Importing Countries from 1948 to 2019

What is America's biggest imports?

Does the U.S. import more than China?

China's Share in U.S. – World Trade

China has the third largest share in U.S.–World Trade following Mexico and Canada. In 2021, 8.6% of total U.S. exports of $1.8 trillion to the World were exported to China and 17.9% of total U.S. Imports of $2.8 trillion were imported from China.

What country imports the least?

Imports of goods and services as percent of GDP, 2021 - Country rankings: The average for 2021 based on 160 countries was 47.14 percent. The highest value was in Hong Kong: 198.7 percent and the lowest value was in Sudan: 1.88 percent. The indicator is available from 1960 to 2021.

Which country imports the most food?

China is now the world's largest agricultural importer, surpassing both the European Union (EU) and the United States in 2019 with imports totaling $133.1 billion.

Who is the biggest import company?

What is Mexico's main import?

Mexico's major imports include machinery and transport equipment, chemicals, and consumer goods. The quantity and value of Mexican exports (especially nonpetroleum exports) grew rapidly in the 1990s, largely in response to the government's neoliberal economic policies and to the creation of NAFTA.

Where does the U.S. get most of its produce?

The leading U.S. agricultural exports are grains and feeds, soybeans, livestock products, tree nuts, fruits, vegetables, and other horticultural products. The leading U.S. imports are horticultural and tropical products. Canada, Mexico, the European Union, and East Asia are major U.S. trade partners.

Why does the U.S. import so much?

Why America Imports So Much. Although America can produce all it needs, China, Mexico, and other emerging market countries can produce it for less. Their cost of living is lower, which allows them to pay their workers less. Thus, they are better at producing what U.S. consumers want than American companies could.

Does the U.S. import most of its food?

American consumers seek a safe, diverse, and abundant food supply that is simultaneously affordable and available throughout the year. To help meet these consumer demands, the United States imports about 15 percent of its overall food supply.

What does the U.S. import from Russia?

The top import categories (2-digit HS) in 2019 were: mineral fuels ($13 billion), precious metal and stone (platinum) ($2.2 billion), iron and steel ($1.4 billion), fertilizers ($963 million), and inorganic chemicals ($763 million). U.S. total imports of agricultural products from Russia totaled $69 million in 2019.

How much does China owe USA?

Continuing a trend that began early in 2021, China's portfolio of U.S. government debt in May dropped to $980.8 billion, according to Treasury Department data released Monday.

How much US debt does China own?

Overall, foreign countries each make up a relatively small proportion of U.S. debt-holders. Although China's holdings have represented just under 20 percent of foreign-owned U.S. debt in the past several years, this percentage only comprises between 5 and 7 percent of total U.S. debt.

What are the 5 top export states in the United States?

To give further perspective, America's total revenues from exporting products rose a comparable 5.3% from 2018 to 2021. Total US export sales gained a slightly lesser 22.8% since 2020. America's top 5 export states–Texas, California, New York, Louisiana and Illinois–collected 44.7% of all American export sales in 2021.