America is the world’s second-richest country and largest importer. In 2014, the United States purchased $2.410 trillion dollars worth of imported products from the top importing countries around the world. That total is up by 22.5% since 2010 according to the World’s Richest Countries report.
China’s exports to America aggregated to a staggering $486.3 billion dollars or 20.2% of its total imports which places them as number 1 importer to the U.S. China has seen devastation this year with the Tianjin explosion and the potential impact it could have had on its port. China’s main imports to the U.S. consist of:
- Electronics $129.8 billion
- Machines, engines $108.1 billion
- Furniture, lighting and signs are $28 billion.
This is just a small percentage of the commodities that China imports.
Canada’s exports to America aggregated to $353.2 billion dollars or 14.7% of its total imports to the U.S. Canada, in conjunction with the United States, has created a plan that helps to facilitate safe trade between the countries and the free flow of goods and services which creates immense economic benefits for both countries. Canada’s top imports to the U.S. are:
- Oil $119.8 billion
- Vehicles $56.3 billion
- Machines, engines and pumps at $21.1 billion.
Mexico’s exports to America aggregated to $297 billion or 12.3% of its total imports to the U.S. Reshoring evaluations have many manufacturers considering moving their operations to Mexico for better cost and the closeness of importing to the U.S. Mexico’s top imports to the U.S. are:
- Vehicles $68.3 billion
- Electronic equipment $58.4 billion
- Machines, engines and pumps $45.2 billion
- Oil $30.7 billion
Japan’s exports to America aggregated to $137.4 billion dollars or a 5.7% of its total imports to the U.S.. Japan, the 3rd largest automobile market in the world, after China and the U.S., is also the industrialized world’s most closed and protectionist market. Japan’s top imports to the U.S. are:
- Vehicles at $46.5billion
- Machines, engines and pumps $31.8 billion
- Electronic equipment at $17.6 billion
Germany’s exports to America aggregated to $125.5 billion or 5.2% of its total imports to the U.S. Germany’s top imports to the U.S. are:
- Vehicles $33.8 billion
- Machines, engines and parts $24.2 billion
- Pharmaceuticals at $14.1 billion
Top U.S. imports from the world are:
- Oil at a cost of $356.3 billion which is 14.8% of the total imports.
- Machines, engines and pumps consisted of 13.7 % at a cost of $330.9 billion dollars.
- Electronic equipment accounted for $319.9 billion dollars and 13.3% of the top U.S imports.
- Vehicles and medical equipment accounted for 14.25% and $341.7 billion dollars combined.
Whether clearing imports from China or clearing imports from Europe or elsewhere, we can help you streamline the process. With comprehensive customs clearance support in the United States, our staff can clear your goods at any port of entry. Get your Quote at AFC International LLC.