International Trade and America's Place in the Global Economy - Trading Partners

Important U.S. trading partners—those countries with which the United States trades most—are shown in Table 3.4. As of December 2004, these countries accounted for 67.5% of U.S. imports, and 64.7% of U.S. exports in goods, according to the U.S. Census Bureau in Foreign Trade Statistics (http://www.census.gov/foreign-trade/top/#2004). Year-to-date totals for the top three in December 1998 included Canada ($329 billion), Japan ($179.9 billion), and Mexico ($173.7 billion). By December 2004, the top three U.S. trading partners were Canada (with a year-to-date total of $445 billion), Mexico (YTD $266.6 billion), and China (YTD $231.4 billion).

FIGURE 3.1