Total value of U.S. trade in goods worldwide 2004-2019

In 2019, the total value of U.S. trade goods amounted to 4.14 trillion U.S. dollars. This shows the significance and scale of international trade for the economy of the United States. In 2019, the United States imported goods valuing around 2.5 trillion U.S. dollars from international trading partners, in comparison the value of goods exported from the United States to other countries amounted to around 1.65 trillion U.S. dollars.

Import and export trade

The import of trade goods relate to goods brought into the United States. This typically refers to goods grown, produced, or manufactured in other countries. Imports include goods of domestic origin which have been worked on abroad before reentering the United States. The export of trade goods refer to goods sold internationally which were grown, produced, or manufactured in the United States. It also includes commodities of foreign origin which have been changed in the United States from the form in which they were imported, or which have been enhanced in value or condition by further processing or manufacturing within the United States before again being sold internationally.

Leading trade partners of the United States

In 2018, China was the largest source of goods imported into the United States, with goods valuing approximately 540 billion U.S. dollars. Mexico and Canada were the second and third largest exporters of goods to the United States, respectively. In 2018, Canada was the leading destination of goods exported from the United States, with U.S. trade goods worth about 300 billion U.S. dollars exported to Canada. Mexico and China also feature at the top of the list of importers of U.S. goods.

Total value of U.S. trade in goods (export and import) worldwide from 2004 to 2019

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Source

Release date

March 2020

Region

United States

Survey time period

2004 to 2019

Supplementary notes

Data on a Census Basis, unrevised.

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Statistics on "Trade in the U.S."

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