USA

USA

Global Trade Profile β€’ Rank #2 Exporter

$1.90T

Total Exports (2023)

$2.98T

Total Imports (2023)

$1.08T

Trade Deficit

#2

Export Ranking

Trade Flow Visualization

Interactive map showing USA's top trading partners. Green lines represent exports, red lines represent imports.

#2

Export Rank

$1.90T

Total Exports

$2.98T

Total Imports

-$1.08T

Trade Balance

25

Trade Partners

🌍 Top Export Destinations

Top Export Products

#1Oils: petroleum oils and oils obtained from bitumi...
6.5%$124.16B
#2Petroleum oils and oils from bituminous minerals, ...
6.1%$115.84B
#3Petroleum gases and other gaseous hydrocarbons: li...
2.1%$39.59B
#4Medicaments: consisting of mixed or unmixed produc...
1.8%$33.69B
#5Aeroplanes and other aircraft: of an unladen weigh...
1.7%$31.57B
#6Soya beans: other than seed, whether or not broken
1.5%$28.01B
#7Petroleum gases and other gaseous hydrocarbons: li...
1.3%$25.20B
#8Metals: gold, non-monetary, unwrought (but not pow...
1.2%$22.71B
#9Turbo-jets: of a thrust exceeding 25kN
1.2%$22.41B
#10Vehicles: with only spark-ignition internal combus...
1.2%$22.39B

πŸ“₯ Top Import Sources

Top Import Products

#1Oils: petroleum oils and oils obtained from bitumi...
5.7%$168.38B
#2Vehicles: with only spark-ignition internal combus...
3.2%$94.92B
#3Petroleum oils and oils from bituminous minerals, ...
2.3%$68.44B
#4Medicaments: consisting of mixed or unmixed produc...
2.2%$66.06B
#5Telephones for cellular networks or for other wire...
2.1%$61.08B
#6Communication apparatus (excluding telephone sets ...
1.7%$49.87B
#7Automatic data processing machines: portable, weig...
1.5%$46.04B
#8Vehicles: with only spark-ignition internal combus...
1.3%$37.77B
#9Blood, human or animal, antisera, other blood frac...
1.3%$37.24B
#10Units of automatic data processing machines: proce...
1.2%$37.04B

πŸ“ˆ Historical Trade Trends (1995-2023)

29 Years

Data Coverage

29

Data Points

πŸ“ˆ

Trend Direction

USA Trade Analysis 2023

πŸ“Š Overview

#2
Global Export Rank
4.87T
Total Trade Volume
24.36%
Share of Global Trade

USA stands as the world's #2 largest exporter and #1 largest importer, demonstrating significant global trade influence.

The trade profile reveals a deficit of 1.08 trillion, reflecting import dependencies for growth.

⚠️
Trade deficit of 36.3% of imports requires careful management of external financing.
1.90T
Total Exports
2.98T
Total Imports
0.64
Export/Import Ratio

The country maintains active trading relationships with 20 major partners, creating a highly diversified trade network.

Monthly trade flows average $406.02B, generating continuous economic activity across logistics, finance, and trade services.

🚒 Export Markets

Canada
Mexico
China
Germany
Japan
Others

Export Market Concentration

15.4%
$291.26B
15.0%
$284.84B
7.8%$147.30B
4.4%$83.43B
4.0%$76.37B
3.9%$74.68B
3.8%$71.89B
13 others
24.6%$466.41B

Export concentration shows Canada as the dominant market at 15.4%. The top three markets control 38.2% of exports.

46.6%
Top 5 Markets
62.0%
Top 10 Markets
20
Total Partners

Regional patterns reveal strong East Asian integration. Secondary markets (United Kingdom, Netherlands, Rep. of Korea) provide $292.52B in additional trade.

πŸ“¦ Import Sources

Import Source Concentration

15.4%
$458.43B
14.8%$441.74B
14.0%$415.80B
5.5%$164.92B
4.7%$140.87B
4.0%$117.91B
4.0%$117.68B
13 others
22.4%$666.11B

USA relies heavily on Mexico for imports (15.4%),maintaining balanced sourcing.

Manufacturing inputs come primarily from China, Rep. of Korea, Viet Nam, Thailand, reflecting deep integration into Asian production networks. China's dominant position at 441.74 billion encompasses electronics components, textiles, machinery parts, and consumer goods, creating both efficiency benefits and concentration risks.

The top 10 import sources account for 70.0% of total imports, with the remaining 30% distributed among 10 other suppliers.

Regional sourcing patterns reveal strong ASEAN integration with 5 Southeast Asian nations providing 275.17 billion (9.2%) of imports. European suppliers including Germany (164.92B), Italy (69.32B), France (49.32B) focus on luxury goods, machinery, and specialized chemicals.

Supply chain resilience strategies increasingly emphasize "China Plus One" approaches, with Viet Nam, India, Thailandemerging as alternative manufacturing bases. The geographic proximity of major suppliers balances efficiency with risk diversification.

πŸ“¦ Product Composition

πŸš€ Export Products

Top Export Products

petroleum oils and oils obtained from bituminous m...
6.5%$124.16B
preparations n.e.c. containing by weight 70% or mo...
6.1%$115.84B
liquefied, natural gas...
2.1%$39.59B
consisting of mixed or unmixed products n.e.c. in ...
1.8%$33.69B
of an unladen weight exceeding 15,000kg...
1.7%$31.57B
3 others
4.0%$75.92B

USA's export economy centers on diversified industrial production, with the leading export being petroleum oils and oils obtained from bituminous minerals, crudeat $124.16 billion, accounting for 6.5% of total exports.

Vehicle-related products including passenger cars, hybrid vehicles, electric vehicles, and automotive parts total approximately 38.89 billion or 2.1% of exports, encompassing 2 distinct product categories. Electronics, semiconductors, and machinery contribute 93.07 billion or 4.9% of exports.

The automotive sector's dominance is evident in the export portfolio, with with only spark-ignition internal combustion recip... (22.39B), with only spark-ignition internal combustion recip... (16.50B). This automotive specialization reflects decades of manufacturing excellence, continuous innovation in fuel efficiency and hybrid technology, and established global brand recognition.

The transition to electric and hybrid vehicles is captured in export data, with 0 categories specifically related to alternative propulsion systems, totaling $0.

Beyond automotive, USA maintains strong positions in industrial machinery (2 categories totaling 42.96B), electronic components (50.11B), and Oils, Petroleum oils and oils from bituminous minerals, not crude, Petroleum gases and other gaseous hydrocarbons.

The top 20 export products collectively account for 33.4% of total exports, revealing healthy product diversification across multiple sectors.

πŸ›’ Import Products

Top Import Products

petroleum oils and oils obtained from bituminous m...
5.7%$168.38B
with only spark-ignition internal combustion recip...
3.2%$94.92B
preparations n.e.c. containing by weight 70% or mo...
2.3%$68.44B
consisting of mixed or unmixed products n.e.c. in ...
2.2%$66.06B
Telephones for cellular networks or for other wire...
2.1%$61.08B
3 others
4.5%$133.68B

Import requirements center on petroleum oils and oils obtained from bituminous minerals, crude at 168.38 billion (5.7%), indicating resource dependency.

Beyond energy, critical imports include with only spark-ignition internal combus... (94.92B, 3.2%), consisting of mixed or unmixed products ... (66.06B, 2.2%), Telephones for cellular networks or for ... (61.08B, 2.1%), machines for the reception, conversion a... (49.87B, 1.7%), portable, weighing not more than 10kg, c... (46.04B, 1.5%).Electronic components and devices total 171.03 billion (5.7% of imports), supporting domestic manufacturing and assembly operations. Pharmaceutical products represent 103.29 billion (3.5%), reflecting healthcare sector demands.

The import product mix reveals structural characteristics of USA's economy: integration into global electronics supply chains, and sophisticated consumption patterns.

The ratio of raw materials to finished goods in imports (4 : 16among top 20 products) indicates balanced import composition. Import substitution potential exists in technology and chemicals sectors through targeted industrial policies and investment.

Product diversification metrics reveal focused product specializationwith implications for economic resilience and growth potential. The technology ladder progression from 9 primary products to 10 high-tech goods indicates the economy's structural transformation and industrial upgrading trajectory.

Value addition opportunities exist in transitioning from raw material exports to processed goods, from components to finished products, and from standard to customized offerings. The product space connectivity, measuring relatedness between current exports and potential new products, suggests strong potential for diversification into adjacent sophisticated products.

βš–οΈ Trade Balance Dynamics

-1.08 trillion
Trade Deficit β€’ 22.18% of total trade
PartnerExportsImportsBalance
Mexico$284.84B$458.43B$-173.59B
Canada$291.26B$415.80B$-124.54B
China$147.30B$441.74B$-294.45B
Germany$83.43B$164.92B$-81.49B
Japan$76.37B$140.87B$-64.49B

Export-to-import ratio of 0.637 means exports cover 63.7% of import costs. Historical shift: USA moved from surplus to deficit due to increased energy import dependence.

πŸ”— Key Relationships

Major Trading Partners

PartnerExportsImportsBalance
Mexico$284.84B$458.43B$-173.59B
Canada$291.26B$415.80B$-124.54B
China$147.30B$441.74B$-294.45B
Germany$83.43B$164.92B$-81.49B
Japan$76.37B$140.87B$-64.49B
Rep. of Korea$61.33B$117.91B$-56.58B
United Kingdom$74.68B$64.34B+$10.34B
India$42.10B$81.36B$-39.26B
Total$1.06T$1.89T$-824.06B

The USA-Mexico relationship leads at 743.27 billion in bilateral trade.View detailed analysis β†’

Additional major partnerships include China (589.04B total trade), Germany (248.35B total trade), Japan (217.24B total trade). Regional integration through Asian supply chains facilitates technology transfer, market access, and production efficiency. The diversity of trading relationshipsβ€”3.18T across top 10 partnersβ€”provides resilience against bilateral tensions and regional disruptions.

πŸ† Competitive Position

πŸ’‘

Competitive Advantage

USA's #2 global ranking is driven by specialization in primary commodities, accounting for 14.7% of export value.

Global rankings position USA as the #2 exporter worldwide,among the elite tier of global trading powers. The country's share of global exports at approximately 18.958%provides substantial market influence and pricing power.

Export sophistication, measured by the dominance of primary commodities, indicates potential for value chain upgrading. The revealed comparative advantage (RCA) index shows strongest competitiveness in sectors where USA's global market share exceeds its overall trade share by factors of 2 or more.

Competitive advantages emerge in sectors where export concentration exceeds import share, particularly inpetroleum oils and oils o, preparations n.e.c. conta, liquefied, natural gas. The revealed comparative advantage is strongest in product categories representing14.7% of exports. Market positioning against regional competitors shows leadership in key product segments.

Trade complementarity with major partners suggests regional production network participation. The export quality ladder, comparing unit values to world averages, indicates premium positioning in many categories.

Competitive dynamics are shaped by factor endowments including advanced technology and skilled labor, infrastructure quality, and business environment. The export survival rate, measuring the persistence of export relationships over time, suggests need for relationship strengthening.

Innovation capacity, reflected in the technology content of exports and R&D intensity, determines long-term competitiveness trajectories. The competitive threat from emerging exporters in similar product categories requires continuous upgrading and differentiation strategies to maintain market position. Regional integration through trade agreements provides preferential access to0 markets, creating competitive advantages over non-member competitors.

🎯 Strategic Outlook

ℹ️

Strategic Priority

With a trade deficit of 1.08T, focus should be on export promotion in high-value sectors and strategic import substitution.

The trade profile presents both opportunities and challenges for economic development strategy. Key strengths include strong import capacity enabling technology transfer and consumption growth,diversified market access reducing concentration risk, and competitive positions in essential commodities.

Vulnerabilities include product concentration in cyclical sectors. The intersection of these factors creates a complex strategic landscape requiring careful navigation to maximize opportunities while mitigating risks.

Strategic priorities should focus on export promotion and import substitution to enhance trade competitiveness. Opportunities exist in expanding trade with France, Brazil, Other Asia, nes, developing new product capabilities in higher technology sectors, and strengthening regional integration through new partnership frameworks.

The digital transformation of trade, including e-commerce, digital services, and blockchain-based trade finance, offers new avenues for market access and efficiency gains. Green trade opportunities in renewable energy, sustainable products, and carbon markets represent growing segments aligned with global sustainability goals.

The evolving global trade environment, characterized by technological disruption, geopolitical realignment, and sustainability imperatives, will fundamentally reshape USA's trade prospects. Success requires balanced policies addressing both improving export capacity while ensuring sustainable import financing.

Investment in infrastructure, education, and innovation ecosystems will determine the ability to climb value chains and capture larger shares of global value addition. The resilience agenda, emphasizing supply chain robustness, strategic autonomy in critical sectors, and economic security considerations, must be balanced with efficiency and openness principles.

As global trade patterns continue evolving, USA's position as the world's #2 exporter provides a platform for continued growth, requiring adaptive strategies, institutional strengthening, and sustained commitment to competitiveness enhancement in an increasingly complex and interconnected global economy.

Data Notes

Data from CEPII BACI database, harmonized using UN Comtrade methodology. All values in current USD at 2023 exchange rates. Trade statistics cover merchandise goods only, excluding services. Mirror statistics reconciliation applied for data consistency. 2024 data available January 2026. HS6 product classification follows 2017 revision.

Data source: CEPII BACI | Last updated: January 2025 | Next update: January 2026