Question: Which Country Has The Best Trade?

What is US biggest export?

Top U.S.

service exports Services are the biggest US export, with total foreign sales of $778 billion last year.

Indeed, the United States has a $243 billion trade surplus in services, which is good news since service industries account for 71% of US jobs..

What country is the US biggest trading partner?

U.S. trade with other nations is worth $4.9 trillion per year. China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports.

Which country imports the most food?

The United States, being one of the world’s largest economies, imports a total of $133 billion USD worth of food and food products, followed by China at $105.26 billion USD, Germany at $98.90 billion USD, Japan at $68.86 billion USD, the United Kingdom at $66.54 billion USD, the Netherlands at $64.38 billion USD, …

What food does America import?

The Most Imported Types of Food in U.S. MarketsLive animals.Meats.Fish and shellfish.Dairy.Vegetables.Fruits.Nuts.Coffee, tea and spices.More items…•

What are the top 10 trading countries in the world?

Exports by Country Around the World – Top 10China: $2.5 trillion.United States: $1.7 trillion.Germany: $1.6 trillion.Japan: $738 billion.Netherlands: $723 billion.South Korea: $605 billion.France: $582 billion.Hong Kong: $569 billion.More items…•

Which countries do not trade?

Arms Embargoed countries: Burma, Côte d’Ivoire, Congo, Eritrea, Iraq, Iran, Lebanon, Liberia, Libya, North Korea, People’s Republic of China, Somalia, The Republic of the Sudan.

Can a country survive without trade?

No country can survive without international trade in the present global world.

Who is China’s biggest trading partner?

China’s Top Trading PartnersUnited States: US$418.6 billion (16.8% of China’s total exports)Hong Kong: $279.6 billion (11.2%)Japan: $143.2 billion (5.7%)South Korea: $111 billion (4.4%)Vietnam: $98 billion (3.9%)Germany: $79.7 billion (3.2%)India: $74.9 billion (3%)Netherlands: $73.9 billion (3%)More items…•

What country exports the most?

ChinaList of countries by exportsRankCountryExports (millions of $)1China2,643,3772United States2,498,0323Germany1,810,9334Japan904,88392 more rows

Which country is the largest exporter of milk?

The statistic shows the Leading exporters of milk worldwide in 2019, in billion U.S. dollars. In 2019, New Zealand was the main exporter of milk worldwide with an export value of 6.3 billion U.S. dollars, followed by Germany with 2.9 billion dollars milk export value in that year.

What would happen if countries stopped trading?

All countries would be worse off if trade simply halted. This is because all countries would then have to produce every good their citizens wish to…

Who is the biggest exporter in the world?

ChinaLeading export countries worldwide China led the world in exports in 2019. China was followed by the United States, with exports valued at 1.64 trillion US dollars, and Germany, with exports valued at 1.49 trillion US dollars. The value of goods exported from China grew immensely between 2002 and 2014.

What are the top 10 countries that the US imports agricultural products from?

In 2018, the top partner countries from which United States Imports Food Products include Canada, Mexico, France, Italy and China.

What two countries trade the most?

Year-to-Date Total TradeRankCountryImports—Total, All Countries1,908.3—Total, Top 15 Countries1,501.41China348.72Mexico265.913 more rows

Why would a country not trade?

Why might a government want to restrict trade? If domestic industries cannot compete against foreign industries, the government will restrict trade to help the domestic industries develop. Governments may also restrict trade to foster business at home rather than encouraging business to move out of the country.

Which country is the largest exporter of software?

IrelandNot all too long ago, Gallen asserts that tourists visiting from the Far East would have struggled to even find his country on a map, but now they’re arriving in vast numbers to discover why Ireland is the largest exporter of software in the world.

What is America’s biggest import?

What Are the Major U.S. Imports?Machinery (including computers and hardware) – $386.4 billion.Electrical machinery – $367.1 billion.Vehicles and automobiles – $306.7 billion.Minerals, fuels, and oil – $241.4 billion.Pharmaceuticals – $116.3 billion.Medical equipment and supplies – $93.4 billion.More items…•

Which country is best for trade?

Here is a list of the top ten countries that have the most trade in terms of percentage of GDP:Ireland: 222% trade volume.Maldives: 201% trade volume. … Slovak Republic: 185% trade volume. … Vietnam: 179% trade volume. … Equatorial Guinea: 178% trade volume. … Belgium: 167% trade volume. … Republic of the Congo: 166% trade volume. … More items…•

What are the top 3 countries the US trades with?

China was the top supplier of goods to the United States, accounting for 18 percent of total goods imports. 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).

Who is our biggest trading partner?

These are the biggest U.S. trade partnersChina – $636 billion.Canada – $582.4 billion.Mexico – $557 billion.Japan – $204.2 billion.Germany – $171.2 billion.South Korea – $119.4 billion.United Kingdom – $109.4 billion.France – $82.5 billion.More items…•

What countries rely on the US?

List of the largest trading partners of the United StatesRankCountry/DistrictExports1China129,8942Canada282,2653Mexico243,3144Japan67,60529 more rows