As a massive consumer and a prodigious producer of merchandise, it comes as no surprise that the United States is a major player in international trade. In 2022, the United States ranked as the
, with total exports trade value surpassing two trillion U.S. dollars, making up 8.5 percent of the
. The United States also ranked as the
that year, with a value that amounted to about 3.38 trillion U.S. dollars, or 13.2 percent of
Trade balance of the U.S.
The overall value of
both imports and exports to and from the United States has seen a steady increase between 2000 and 2022. One consistent trend in that time period is that there is a
trade deficit of goods and a surplus of services from the United States. In other words, the United States exports fewer goods than it imports, and exports more services than it imports. The U.S.
trade deficit has widened in 2022 when it reached over one billion U.S. dollars. Although many manufactured products are imported to the United States, the United States
exports a greater value of agricultural products than it
imports.
Main trading partners
In 2021, the United States imported over 500 billion dollars of goods from China, making it
the biggest importer to the United States. Canada takes first place as the
leading export partner to the United States, importing over 300 billion U.S. dollars of American goods in that year.
California is home to the largest domestic economy in the United States, producing a significant share of the country’s crops as well as intellectual property. As a result, California is one of the top importers and exporters of international goods in the United States. In the most recently reported month, California's import value of goods was about 40 billion U.S. dollars.
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