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U.S.-APEC Trade Facts

APEC Members

APEC has 21 members, referred to as "Member Economies", which account for approximately 41 percent of the world's population, 54 percent of the world's total GDP and 44 percent of the world's trade. APEC Member Economies are Australia; Brunei Darussalam; Canada; Chile; China; Hong Kong, China; Indonesia; Japan; Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; The Republic of the Philippines; The Russian Federation; Singapore; Chinese Taipei; Thailand; the United States of America; and Viet Nam.

U.S.-APEC Trade Facts

U.S. goods and services trade with APEC countries totaled $2.9 trillion in 2013.  Exports totaled $1.2 trillion; Imports totaled $1.6 trillion.  The U.S. goods and services trade deficit with APEC countries was $386 billion in 2013.

The United States has a $2.5 trillion in total (two ways) goods trade with APEC countries during 2013. Goods exports totaled $971 billion; Goods imports totaled $1.5 trillion.  The U.S. goods trade deficit with APEC countries was $510 billion in 2013.

Trade in services with APEC countries (exports and imports) totaled $407 billion in 2013. Services exports were $265 billion; Services imports were $142 billion.  The U.S. services trade surplus with APEC countries was $124 billion in 2013.

According to the Department of Commerce, U.S. goods and services exports supported an estimated 5.9 million jobs in 2013 (4.3 million from goods exports; 1.6 million from services exports).

Exports

U.S. goods exports to APEC countries in 2013 were $971.0 billion, up 3.1% ($29.2 billion) from 2012, and up 107% from 2003.  U.S. exports to APEC countries account for 61.5% of overall U.S. exports in 2013.

The five largest export markets are: Canada ($301.6 billion), Mexico ($226.1 billion), China ($121.7 billion), Japan ($65.2 billion), and Hong Kong ($42.3 billion).

The top export categories (2-digit HS) in 2013 were: Machinery ($139.6 billion), Electrical Machinery ($118.9 billion), Vehicles ($96.3 billion), Mineral Fuel (oil) ($70.7 billion), and Aircraft ($53.0 billion).

U.S. exports of agricultural products to APEC countries totaled $104.7 billion in 2013.  Leading categories include: soybeans ($18.7 billion), pork and pork products ($5.6 billion), wheat ($5.5 billion), beef and beef products ($5.4 billion), and corn ($5.2 billion).

U.S. exports of private commercial services* (i.e., excluding military and government) to APEC were $265.3 in 2013, up 4.8% ($12.2 billion) from 2012, and up 128% since 2003.

Imports

U.S. goods imports from APEC countries totaled $1.5 trillion in 2013, up 1.7% ($25.1 billion) from 2012, and up 829% from 2003.  U.S. imports from APEC countries account for 65.3% of overall U.S. imports in 2013.

The five largest country suppliers of imports are: China ($440.4 billion), Canada ($332.6 billion), Mexico ($280.5 billion), Japan ($138.6 billion), and Korea ($62.4 billion).

The five largest categories in 2013 were: Electrical Machinery ($261.7 billion), Machinery ($230.2 billion), Vehicles ($195.2 billion), Mineral Fuel (oil) ($172.3 billion), and Furniture and Bedding ($42.8 billion).

U.S. imports of agricultural products to APEC countries totaled $64.0 billion in 2013.  Leading categories include:  fresh vegetables ($6.4 billion), snack foods (including chocolate) ($5.3 billion), fresh fruit ($5.2 billion), processed fruit and vegetables ($5.0 billion), and red meats, fresh/chilled/frozen ($5.0 billion).

U.S. imports of private commercial services* (i.e., excluding military and government) were $141.6 billion in 2013, up 4.5% ($6.1 billion) from 2012, and up 87% since 2003.

Trade Balance

The U.S. goods trade deficit with APEC countries was $509.7 billion in 2013, a 0.8% decrease ($4.1 billion) over 2012.

The United States has a services trade surplus of $123.7 billion with APEC countries in 2013, up 5.1% from 2012. 

Investment

U.S. foreign direct investment (FDI) in the APEC countries (stock) totaled $1.2 trillion in 2013, up 6.4% from 2012.

U.S. direct investment in the APEC countries is concentrated in the nonbank holding companies, manufacturing, and finance/insurance sectors.

The APEC countries’ FDI in the United States countries (stock) was $723.9 billion in 2013, up 10.8% from 2012.

The APEC countries reported direct investment in the U.S. is led by the manufacturing, wholesale trade, and finance/insurance sectors.

*NOTE: Refers to private services trade not including U.S. military sales, direct defense expenditures, and other miscellaneous U.S. government services. Services trade data includes all of APEC economies except Brunei, Papua New Guinea, Peru, Russia, and Vietnam.