By Indu Tyagi Ketan, 17 August, 2023
With most of the exports for the United States going to Mexico, Canada, China, Japan, and the United Kingdom, the country exported to a record of 39 countries in 2022, as per USA Facts. The U.S. imported USD 4 trillion in goods and services and exported USD 3 trillion in 2022, and the biggest trading partners were Mexico, Canada, and China. The import of USD 4 trillion marks the highest amount on record for the U.S., where USD 3.3 trillion of importance comes from goods. According to the data from USA Facts, the country has imported from every nation, including sanctioned countries like Russia, Afghanistan, and North Korea.
In January 2023, top U.S. exports to Mexico were gasoline and other fuels for USD 3 billion; computer chips for USD1.6 billion; motor vehicle parts for USD1.6 billion; liquified natural gas for USD 1 billion and low-value shipments for USD 788 million, as per the census data analyzed by World city. The imports from Mexico were commercial vehicles for USD 3 billion, motor vehicle parts for USD 2.7 billion, passenger vehicles for USD 2.9 billion, computer and oil for USD 2.3 billion, and USD 1.6 billion, respectively. As per the U.S. Census Bureau data, the most common imported goods to the U.S. in 2022 were crude oil, cars, semiconductors, and pharmaceutical preparations. The most popular imported services were insurance, travel, transportation, and intellectual property use.
Indu Tyagi Ketan
Chief Strategy Officer
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