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U.S.-APEC Trade Facts

APEC Members

APEC has 21 members, referred to as "Member Economies", which account for approximately 39 percent of the world's population, 60 percent of the world's total GDP and 47 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 economies totaled $2.8 trillion in 2016 (latest data available). Exports totaled $1.2 trillion; Imports totaled $1.6 trillion. The U.S. goods and services trade deficit with APEC economies was $448 billion in 2016 (latest data available).

The United States had a $2.6 trillion in total (two ways) goods trade with APEC countries during 2017. Goods exports totaled $972 billion; goods imports totaled $1.6 trillion. The U.S. goods trade deficit with APEC countries was $620.0 billion in 2017.

Trade in services with APEC economies (exports and imports) totaled $458 billion in 2016 (latest data available). Services exports were $293 billion; Services imports were $165 billion. The U.S. services trade surplus with APEC economies was $128 billion in 2016 (latest data available).

According to the Department of Commerce, U.S. goods exports to APEC countries supported an estimated 4.2 million jobs in 2015 (latest data available).

Exports

U.S. goods exports to APEC countries in 2017 were $972.2 billion, up 7.4% ($66.9 billion) from 2016, and up 41% from 2007. U.S. exports to the APEC countries account for 62.9% of overall U.S. goods exports in 2017.

The top 5 U.S. export markets in the APEC countries for 2017 were: Canada ($282.3 billion), Mexico ($243.3 billion), China ($129.9 billion), Japan ($67.6 billion), and Korea, South ($48.3 billion).

The top export categories (2-digit HS) in 2017 were: machinery ($140.5 billion), electrical machinery ($128.9 billion), vehicles ($96.6 billion), mineral fuels ($77.1 billion) and aircraft ($57.8 billion).

U.S. domestic exports of agricultural products to APEC economies totaled $100.8 billion in 2017. Leading categories include: soybeans ($17.8 billion), corn ($6.8 billion), beef and beef products ($6.5 billion), pork and pork products ($6.0 billion), and prepared food ($4.4 billion).

U.S. exports of services to APEC were $293.1 billion in 2016 (latest data available), up 2.3% ($6.5 billion) from 2015, and up 86 percent from 2006.

Imports

U.S. goods imports to APEC countries in 2017 were $1.6 trillion, up 7.5% ($110.9 billion) from 2016, and up 28.3% from 2007. U.S. imports to the APEC countries account for 68.0% of overall U.S. goods imports in 2017.

The top 5 U.S. import suppliers from the APEC countries for 2017 were: China ($505.5 billion), Mexico ($314.3 billion), Canada ($299.3 billion), Japan ($136.5 billion), and Korea, South ($71.4 billion).

The top import categories (2-digit HS) in 2017 were: electrical machinery ($316.0 billion), machinery ($260.3 billion), vehicles ($229.6 billion), mineral fuels ($99.2 billion), and furniture and bedding ($56.2 billion).

U.S. imports for consumption of agricultural products from APEC economies totaled $74.7 billion in 2017.  Leading categories include: fresh fruit ($8.9 billion), fresh vegetables ($7.4 billion), snack foods (including chocolate) ($6.9 billion), red meats, fresh/chilled/frozen ($6.6 billion), and processed fruit and vegetables ($5.7 billion).

U.S. imports of services were $165.1 billion in 2016 (latest data available), up 3.6% ($5.8 billion) from 2015, and up 52% since 2006.

Trade Balance

The U.S. goods trade deficit with APEC countries was $620.0 billion in 2017, a 7.7% increase ($44.1 billion) over 2016. The U.S. goods trade deficit with APEC countries increased 12% over 2007.

The United States has a services trade surplus of $128.0 billion with APEC economies in 2016 (latest data available), up 0.6% from 2015, and up 165% from 2006.

Investment

U.S. foreign direct investment (FDI) in the APEC economies (stock) totaled $1.3 trillion in 2016 (latest data available), up 5.0% from 2015.

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

The APEC economies’ FDI in the United States (stock) was $984.2 billion in 2016 (latest data available), up 9.5% from 2015.

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

*NOTE: Services trade data includes all of APEC economies except Papua New Guinea, from 2013 onward; prior to 2013 data not include Brunei, Peru, Papua New Guinea, Russia, and Vietnam.