Quick Answer: Which Country Has The Highest Trade Surplus?

What countries does the US have a trade surplus with?

The U.S.

has a merchandise trade surplus with key partners, including the United Kingdom, Brazil, Belgium and the Netherlands..

Who is biggest exporter in world?

ChinaTop Export CountriesRankCountry2018-91.China+0.2%2.United States-1.2%3.Germany-4.5%4.Netherlands-0.8%112 more rows•Sep 17, 2020

What country exports the most?

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 is China’s biggest export?

Searchable List of China’s Most Valuable Export ProductsRankChina’s Export Product2019 Value (US$)1Phone system devices including smartphones$224,069,819,0002Computers, optical readers$148,463,426,0003Integrated circuits/microassemblies$102,187,884,0004Processed petroleum oils$38,345,208,0006 more rows•Sep 27, 2020

What countries have trade deficits?

America’s bilateral trade deficits with China, Germany, Japan, Mexico, Vietnam, Ireland, South Korea, and Italy totaled $682 billion last year, equivalent to nearly 91% of our global deficit. There is little correlation between trade agreements and improved US trade performance.

Has the US ever had a trade surplus?

The US last had a trade surplus in 1975.

Is the US trade deficit growing or shrinking?

The trade deficit dropped 1.7% to $616.8 billion last year, declining for the first time since 2013. That represented 2.9% of GDP, down from 3.0% in 2018. Goods imports plunged 1.7% last year, also the first decrease in three years.

Who 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 country has the largest debt?

United StatesWorld Debt by CountryRankCountryDebt to GDP#1United States104.3%#2Japan237.1%#3China, People’s Republic of50.6%#4Italy132.2%11 more rows•Nov 14, 2019

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 country has the most trade?

Year-to-Date Total TradeRankCountryExports—Total, All Countries1,578.9—Total, Top 15 Countries1,078.71Canada300.32China122.013 more rows•Oct 6, 2020

Who is the biggest importer in the world?

the United StatesThe world’s largest single importer is the United States, with a 13.4% share of global imports equal to $2.6 trillion of goods. Following the U.S. are two other significant economies, each which import over $1 trillion in goods every year: China ($2.1 trillion), and Germany ($1.3 trillion).

What 5 countries do we import the most from?

The United States imports half of its total volume from five countries: China, Canada, Mexico, Japan, and Germany. Although the United States can manufacture goods it imports, these exporting countries have the comparative advantage over it.

Which country is Europe’s biggest exporter?

GermanyTop European Export CountriesRankExporter2019 Exports1Germany$1,486,462,772,0002Netherlands$721,301,085,0003France$555,100,606,0004Italy$541,695,309,0006 more rows•Jun 26, 2020

Can a country survive without trade?

Yes, theoretically, it can. If it has sufficient sufficient agricultural, manufacturing, and service sectors, it can survive on its own.

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 is Canada’s biggest export to the US?

The top export categories (2-digit HS) in 2019 were: vehicles ($52 billion), machinery ($45 billion), electrical machinery ($25 billion), mineral fuels ($25 billion), and plastics ($13 billion).

Does the US have the largest trade deficit in history?

The United States ran a deficit in goods trade of $80.1 billion in July, the highest on record.

Why is US trade deficit so high?

GAO found that: (1) the most important cause of the increased U.S. trade deficit was the sharp rise in the value of the dollar, which caused the prices of U.S. goods to rise compared to the prices of foreign goods; (2) the strong U.S. economic recovery caused U.S. consumption of goods, including imports, to rise, while …

What country imports the most food?

In 2018, the top countries from which Food Products were Imports include United States, Germany, France, Netherlands and Italy.

Does the US give Canada money?

The United States does not spend money defending Canada. This cooperation continues to the present day.