Foreign trade of the United States comprises the international imports and exports of the United States. The country is among the top three global importers and exporters.
The regulation of trade is constitutionally vested in the United States Congress. After the Great Depression, the country emerged as among the most significant global trade policy-makers, and it is now a partner to a number of international trade agreements, including the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO). Gross U.S. assets held by foreigners were 16.3trillionasoftheendof2006(over100Thecountryhastraderelationswithmanyothercountries.Withinthat,thetradewithEuropeandAsiaispredominant.Tofulfillthedemandsoftheindustrialsector,thecountryhastoimportmineraloilandironoreonalargescale.Machinery,cottonyarn,toys,mineraloil,lubricants,steel,tea,sugar,coffee,andmanymoreitemsaretraded.Thecountry′sexportlistincludesfoodgrainslikewheat,corn,andsoybean.Aeroplane,cars,computers,paper,andmachinetoolsrequiredfordifferentindustries.In2016UnitedStatescurrentaccountbalancewas−469,400,000,000. US manufacturers exported $1,365.31 billion in goods exports in 2019, with Canada, Mexico, China, Japan and the United Kingdom representing 35.44% of the export market.
Relatively few US companies export; a 2009 study reported that 18% of US manufacturers export their goods. Exporting is concentrated to a small number of companies: the largest 1% of US companies that export comprise 81% of US exports.
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