Characteristics of U.S. foreign trade

1, a large number of import and export commodities

The main export commodities of the United States are: chemical products, machinery, automobiles, airplanes, electronic information equipment, weapons, food, medicine, beverages and so on. The main imports are: food, clothing, electronic equipment, machinery, steel, textiles, oil, natural rubber, and tin, chromium and other metals.

2. The main trade objects are China, Japan, etc.

The top five U.S. goods trading partners in 2017 were China, Canada, Mexico, Japan and Germany. The top five U.S. goods export markets were Canada, Mexico, China, Japan and the United Kingdom. The top five U.S. goods import markets were China, Mexico, Canada, Japan and Germany.

3, the volume of trade increased over the years

In 2017, the U.S. trade in goods totaled about $3,914.3 billion, an increase of 6.8% over 2016; of which exports were $1,553.4 billion, an increase of about 6.6% year-on-year; imports were about $2,360.9 billion, an increase of 6.9%; and the deficit was $807.5 billion, an increase of about 7.5%.

Extended Information:

U.S. Outward Investment and Foreign Capital

According to the statistics, in 2017, the U.S. outward foreign direct investment (OFDI) totaled about 342.3 billion U.S. dollars, and absorbed foreign direct investment (FDI) of about 275.4 billion U.S. dollars.

U.S. Foreign Aid

According to the U.S. Agency for International Development (USAID), the total U.S. foreign aid budget for FY2018 is about $27.34 billion, accounting for about 0.15% of the U.S. GDP in 2017, including $7.72 billion in funding for security assistance, $6.86 billion in the amount of medical assistance, $5.27 billion in humanitarian disaster relief, and $1.31 billion in economic development assistance billion dollars, among other programs.

Mainly invested in South Asia, the Middle East and North Africa and Africa's sub-Saharan region, Afghanistan is the largest recipient of U.S. economic and military assistance, followed by Pakistan, Israel, Iraq, India and so on. The U.S. Agency for International Development (USAID), the Department of State, the Department of Agriculture, the Department of Defense, and the Millennium Challenge Corporation (MCC) are the main agencies implementing U.S. bilateral foreign aid.

Baidu Encyclopedia - United States