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The United States is the world’s 2nd-largest trading nation, behind only China, with over $7.0 trillion in exports and imports of goods and services in 2022. The U.S. has trade relations with more than 200 countries, territories, and regional associations around the globe.

Goods Exports

The United States is the 2nd largest goods exporter in the world, behind only China. U.S. goods exports to the world totaled $2.1 trillion in 2022, up 17.5 percent ($307.3 billion) from 2021. Canada was the largest purchaser of U.S. goods exports in 2022, accounting for 17.3 percent of total U.S. goods exports. The top five purchasers of U.S. goods exports in 2022 were: Canada ($356.5 billion), Mexico ($324.3 billion), China ($150.4 billion), Japan ($80.2 billion), and the United Kingdom ($76.2 billion). U.S. goods exports to the European Union 27 were $350.8 billion.

Goods Imports

The United States is the largest goods importer in the world. U.S. goods imports from the world totaled $3.2 trillion in 2022, up 14.6 percent ($413.7 billion) from 2021. China was the top supplier of goods to the United States, accounting for 16.5 percent of total goods imports. The top five suppliers of U.S. goods imports in 2022 were: China ($536.3 billion), Mexico ($454.8 billion), Canada ($436.6 billion), Japan ($148.1 billion), and Germany ($146.6 billion). U.S. goods imports from the European Union 27 were $553.3 billion.

Services Exports

The United States is the largest services exporter in the world. In 2022, U.S. exports of services were $926.0 billion, up 16.4 percent ($130.7 billion) from 2021. U.S. exports of services account for 30.7 percent of overall U.S. exports in 2022. Ireland was the largest purchaser of U.S. services exports in 2022 accounting for 9 percent of total U.S. services exports. The top five purchasers of U.S. services exports in 2022 were: Ireland ($83.1 billion), the United Kingdom ($80.9 billion), Canada ($69.5 billion), Switzerland ($52.4 billion), and China ($42.2 billion). U.S. services exports to the European Union 27 were $238.6 billion.

Services Imports

The United States is the largest services importer in the world. In 2022, U.S. imports of services were $680.3 billion, up 23.7 percent ($130.3 billion) from 2021.  U.S. imports of services account for 17.2 percent of overall U.S. imports in 2022. The United Kingdom was the largest supplier of services, accounting for 10.4 percent of total U.S. service imports in 2022. The top five suppliers of U.S. services imports in 2022 were: the United Kingdom ($70.8 billion), Germany ($42.0 billion), Canada ($40.6 billion), Japan ($38.5 billion), and Mexico ($37.3 billion). U.S. services imports from the European Union 27 were $166.7 billion.

 

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