Quick Answer: Which Country Buys The Most?

Does China rely on the US?

The U.S.

and China have been major trading partners for years, and they rely on each other’s supply chain for input into goods and services consumed within their borders..

What does India export to USA?

The top export categories (2-digit HS) in 2019 were: mineral fuels ($8.2 billion), precious metal and stone (diamonds) ($6.4 billion), aircraft ($2.8 billion), machinery ($2.4 billion), and organic chemicals ($1.9 billion).

What are the top 3 Imports of China?

Its top imports are integrated circuits ($207B), crude petroleum ($144B), iron ore ($59B), cars ($46.8B) and gold ($40.3B).

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.

What country is the largest importer partner in the world?

ChinaFor most economies in the world, their leading export and import trading partner in terms of value is either the European Union or China, and to a certain degree, the United States and Japan.

What country buys the most cars?

ChinaTop 20 Car Sales by Country Last YearRankCountryCars Sold1.China23,754,8752.United States17,175,8933.Japan5,271,9854.Germany3,436,11216 more rows

Who is China’s biggest customer?

The United States. At $20.49 trillion, the United States boasts the largest economy in the world and is China’s largest trading partner.

Which country is largest importer of gold?

IndiaIndia is the largest importer of gold, which mainly caters to demand of jewellery industry. In volume terms, the country imports 800-900 tonnes of gold annually. Gems and jewellery exports declined by about 66.36 per cent to USD 4.17 billion in April-July 2020.

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 best trade balance?

ChinaThis statistic shows the 20 countries with the highest trade surplus worldwide in 2019. In 2019, China was the country with the highest trade surplus with approximately 421.9 billion U.S. dollars.

What is US biggest export?

Top U.S. service exports Services are the biggest US export, with total foreign sales of $778 billion last year. Indeed, the United States has a $243 billion trade surplus in services, which is good news since service industries account for 71% of US jobs.

Where does the US get most of its food?

Many American companies dominate the food export market, which is, in part, due to an increasingly productive farming sector….The top export destinations of food produced in the U.S. include:Canada.Mexico.China.Japan.Germany17 18

What food does America import?

The Most Imported Types of Food in U.S. MarketsLive meat animals.Meats.Fish and shellfish.Dairy.Vegetables.Fruits.Nuts.Coffee, tea and spices.More items…

What country buys the most goods?

In 2019, the U.S. were the leading import country in the world with an import value of about 2.57 trillion US dollars. Import and export are generally important pillars of a country’s economy. The trade balance of a country shows the relationship between the values of a country’s imports and exports.

What is America’s biggest import?

What Are the Major U.S. Imports?Machinery (including computers and hardware) – $386.4 billion.Electrical machinery – $367.1 billion.Vehicles and automobiles – $306.7 billion.Minerals, fuels, and oil – $241.4 billion.Pharmaceuticals – $116.3 billion.Medical equipment and supplies – $93.4 billion.More items…•

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•Nov 7, 2020

Which country imports the most food?

The United States, being one of the world’s largest economies, imports a total of $133 billion USD worth of food and food products, followed by China at $105.26 billion USD, Germany at $98.90 billion USD, Japan at $68.86 billion USD, the United Kingdom at $66.54 billion USD, the Netherlands at $64.38 billion USD, …

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).