FX.co ★ Five countries exporting goods to the USA

According to experts, more than 50% of US imports fall to only five countries: China, Canada, Mexico, Japan, and Germany. In 2017, they accounted for 58% of goods imported into the US, the total amount of which reached $2.4 trillion. We offer to consider the strategy of these states.

China

China mainly exports electrical equipment. This group of products includes computers, optical and medical equipment. In addition, the PRC is a major exporter of cheap clothing, textiles, and fabrics. Many Chinese products are produced specifically for American companies. Labor in the country is also cheap which positively influences the final cost of the product.

Canada

The lion's share of Canadian exports, about 75%, goes to the US thanks to the North American Free Trade Agreement (NAFTA). Since 1994, the volume of trade between states has tripled. Canada has huge reserves of oil, gas, and uranium.

Mexico

Mexico is one of the US partners in the NAFTA. The volume of its exports to the United States reaches a record 78%. Mexico is the leader in the export of manufactured goods.

Japan

A significant part of Japan's exports to the United States is fuel-efficient cars of such brands as Toyota and Honda. The country of the rising sun also exports equipment, medical instruments, and airplanes. In order to keep Japanese products competitive in the US market, the Central Bank of Japan maintains a low yen rate. The country is also one of the largest holders of American debt.

Germany

The key export item of Germany in the US is high-quality cars, such as BMW, Porsche, and Mercedes-Benz. The country also exports pharmaceuticals, equipment, and machinery. The goods that Germany supplies are of high quality.