The top five suppliers of U.S. goods imports in 2019 were: China ($452 billion), Mexico ($358 billion), Canada ($319 billion), Japan ($144 billion), and Germany ($128 billion). U.S. goods imports from the European Union 27 were $515 billion. The United States is the largest services exporter in the world.

Who does the US import good from the most?

Year-to-Date Imports

What are the imports and exports of the United States?

Capital goods ($693 billion) contribute 27% of all goods imported. That includes computers at $143 billion and telecommunications at $128 billion. Next is consumer goods ($648 billion). The top two categories are cell phones / television at $134 billion and pharmaceuticals also at $134 billion.

How much does the u.s.import from Europe?

Its imports vastly exceed those of the European Union, which imports $1.8 trillion and China, which imports $1.74 trillion. Combined, the top three imports take in $6 trillion, or 30% of the world’s total imports of $20 trillion. They’re the world’s best customers.

Why are imports so good for the United States?

Although America can produce all it needs, China, Mexico, and other emerging market countries can produce it for less. Their cost of living is lower, which allows them to pay their workers less. That makes them better at producing what U.S. consumers want than American companies could. This is called the theory of comparative advantage.

What does the United States import from China?

In the first half of 2020, machines and electrical products made up roughly 20% of all U.S. imports and 24% of Chinese exports to the U.S. Kitchenaid is a well-loved American brand within this category.