Does the US have a trade deficit or surplus with Germany?
A trade deficit of $68.2 billion with Germany is the third largest trade deficit of the U.S. The U.S. imported $126 billion in auto parts and vehicles, medicine, and machinery. The United States has a trade deficit of $67.6 billion with Japan.
Which country does the US have the largest trade deficit?
3,405,329
| Country | Exports | Trade Deficit |
|---|---|---|
| China | 123,676 | 343,078 |
| European Union | 276,142 | 142,059 |
| Germany | 49,363 | 73,897 |
| Japan | 66,827 | 67,117 |
How much does the US trade with Germany?
In June 2021, the total value of U.S. trade in goods with Germany amounted to 17.38 billion U.S. dollars, composing of 5.83 billion U.S. dollars of exports and 11.56 billion U.S. dollars of imports.
How much does the US import from Germany?
United States Imports from Germany was US$117.39 Billion during 2020, according to the United Nations COMTRADE database on international trade.
Why does the US trade with Germany?
Many U.S. imports from Germany are investment goods such as capital equipment, enabling U.S. production and exports. German investments in the United States focus largely on manufacturing, wholesale trade, as well as finance and insurance.
What 5 countries does the US have the highest surplus?
Year-to-Date Surpluses
| Rank | Country | Surplus |
|---|---|---|
| 1 | Hong Kong | 21.8 |
| 2 | Netherlands | 15.1 |
| 3 | Brazil | 13.4 |
| 4 | Australia | 11.9 |
Who are the 3 biggest US trade partners?
China, Canada and Mexico are the country’s largest trading partners, accounting for nearly $1.9 trillion worth of imports and exports. But this landscape could be reshaped as President Trump pursues “America First” policies and reworks free trade deals. U.K.
Is US allies with Germany?
Today, the US is one of Germany’s closest allies and partners outside of the European Union. The people of the two countries see each other as reliable allies but disagree on some key policy issues. Americans want Germany to play a more active military role, but Germans strongly disagree.
Does the United States trade with Germany?
The timeline shows the total value of U.S. trade in goods (export and import) with Germany from 2000 to 2020. In 2020, the total value of U.S. trade in goods with Germany amounted to 173 billion U.S. dollars; composed of exports worth 58 billion U.S. dollars and imports of 115 billion U.S. dollars.
What does the US import?
The United States is the world’s second biggest importer. Main imports are: capital goods (22 percent) and consumer goods (21 percent). Others include: automotive vehicles, parts and engines (12 percent) and foods, feeds and beverages (5 percent).
What does US get from Germany?
Major categories of German exports to the United States in 2019 were vehicles ($17.9 billion), pharmaceuticals ($17.6 billion), industrial machinery ($6.8 billion), medical equipment ($5.8 billion), and returned goods and reimports ($5.6 billion).