Canada Trading Partners Japan

US most important trade partner?

Aside from canada, who is the US most important trade partner? I’m thinking it is China, but my brother thinks it’s still Japan

Canada is the US’s most important trading partner, quantitatively, the US exports more to Canada than the US imports from Canada.
US has a big trade deficit with China of $202 billion (in 2005).
US is the world leader in the combined volume of exports and imports
International trade links world economies b/c changes in economic conditions in one country can quickly affect another. (See Blog)
The U.S. dependence on foreign oil is reflected in its trade with members of OPEC.
Currently, the U.S. provides about 9 percent of the world’s exports.
Exports of goods and services make up about 11 percent of total U.S. output, which is much lower than the percentage of services in many other nations.
China has become a “major” international trader, also its US’s second most important trading partner. Other Asian economics are also active in international trade.

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Discovering Canada’s Trading Partners by Ursel, Elaine Edition , 0 $19.99 1. An Introduction to Trade2. What is Trade?3. A Brief History of Trade4. What is an Export?5. What is an Import?6. An Introduction to Canada’s Major Trading Partners7. Connections with the Global Community8. The United States: A Closer LookThe Northeastern RegionThe Midwestern RegionThe Southern RegionThe Western Region9. Trading with the United States10. The American Influence11. Japan: A Closer Look12. Mexico: A Closer Look13. International Trade Groups14. Peacekeeping15. Canada’s Unique Contributions to the Global Community16. Time Zones17. Production18. The Future of Trading

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