Who are the trading partners?
Canada was the largest purchaser of U.S. goods exports in 2022, accounting for 17.3 percent of total U.S. goods exports. The top five purchasers of U.S. goods exports in 2022 were: Canada ($356.5 billion), Mexico ($324.3 billion), China ($150.4 billion), Japan ($80.2 billion), and the United Kingdom ($76.2 billion).
| Rank | Country/District | Total Trade |
|---|---|---|
| 1 | Canada | 665.6 |
| 2 | Mexico | 661.2 |
| 3 | China | 655.4 |
| - | European Union | 631.8 |
| Rank | Trading partners(a)(b) | % share |
|---|---|---|
| 1 | China | 26.4 |
| 2 | Japan | 9.9 |
| 3 | United States | 8.6 |
| 4 | Republic of Korea | 4.6 |
a region or country that another region or country buys goods from or sells goods to: The United States is Vietnam's largest trading partner. Exporters are struggling because Britain's trading partners are cutting back on orders.
Trading partners include organizations that buy goods (retailers, grocers and distributors) and organizations that make and sell goods (manufacturers, suppliers and vendors).
- Taiwan. 1.7% 1.7% $37.7B. $47B.
- Thailand. 0.6% 1.2% $13.1B. $32.8B.
- Turkey. 0.6% 0.4% $12.5B. $9.9B.
- UAE. 1% 0% $22.4B. $0B.
- U.K. 5.5% 3.9% $121B. $106B.
- UK Caribbean territories. 1.5% 0.2% $33B. $6.1B.
- Venezuela. 0.5% 0.4% $11.3B. $11.7B.
- Vietnam. 0.6% 1.6% $12.3B. $43.3B.
| Rank | Country | Total Trade |
|---|---|---|
| --- | Total, All Countries | 303.6 |
| --- | Total, Top 15 Countries | 226.5 |
| 1 | China | 51.4 |
| 2 | Canada | 44.9 |
The United States is India's biggest trading partner, with total trade between the two countries amounting to almost $100 billion till October of this calendar year.
Central America's main trading partner is the United States.
Almost every kind of product can be found in the international market, for example: food, clothes, spare parts, oil, jewellery, wine, stocks, currencies, and water. Services are also traded, such as in tourism, banking, consulting, and transportation.
What is the purpose of trading partner?
A Trading Partner is a business entity that your company interacts with and sends/receives transactional information (such as orders and invoices) via electronic form.
A trading partner is a party to a transaction in the supply chain, such as a supplier (seller) or a retailer (buyer). Manufacturers can play a role of suppliers as well, however it is not necessary that all suppliers are manufacturers. It is by their role that they get classified as "Suppliers" and "Retailers".
U.S. Free Trade Agreement (FTA) partner countries provide greater market access through reduced or eliminated tariffs, intellectual property protection, and elimination of non-tariff barriers among other provisions.
Partnerships go beyond the supply chain, creating distinctive value through collaborative, well-defined relationships. On the other hand, suppliers operate within the supply chain, offering goods and encouraging bulk purchases. Both are integral to delivering enhanced value, albeit in vastly different ways.
A supply chain starts with the ordering of raw materials or components from a supplier and ends with the delivery of a finished product or service to the end consumer.
The great bulk of China's exports consists of manufactured goods, of which electrical and electronic machinery and equipment and clothing, textiles, and footwear are by far the most important.
US goods exports to China come from a wide range of industries including transportation equipment, agriculture, computers and electronics, and oil and gas, sustaining logistics jobs in America's ports and throughout the country.
There are several people who managed to reach a high level of consistency in their trading and became one of the greatest stock traders in the world. These traders are Jesse Livermore, Paul Tudor Jones, Simon ca*wkwel, Warren Buffett, and Steven Cohen. They are considered to be the richest stock traders of all time.
| Rank | Trader Name |
|---|---|
| 1 | Premji and Associates |
| 2 | Radhakrishnan Damani |
| 3 | Rakesh Jhunjhunwala |
| 4 | Raamdeo Agrawal |
- Oil.
- Civilian Aircraft Parts.
- Gasoline and Other Fuels.
- Liquified Natural Gas (LNG) and Other Petroleum Gases.
- Passenger Vehicles.
What is the best trade ever?
The best trade in history is often considered to be George Soros's shorting of the British Pound in the early 1990s, making over $1 billion. This trade, along with others by notable investors, involved highly leveraged currency exploitation.
The main transport mode for global trade is ocean shipping: around 90% of traded goods are carried over the waves.
The RCEP agreement, which was adopted by other signatories as early as Jan. 1, 2022, is an ASEAN-led initiative that creates the world's largest free trade area in terms of combined Gross Domestic Product (GDP) and market size, accounting for almost one-third of the world's population.
Texas Depends on World Markets
The state's largest market was Mexico. Texas exported $109.7 billion in goods to Mexico in 2018, representing 35 percent of the state's total goods exports. Mexico was followed by Canada ($27.5 billion), China ($16.6 billion), Korea ($13.1 billion), and Japan ($12.1 billion).
New numbers from the US Census last week indicate that Mexico is the US's top trading partner. In 2023, the US traded $798bn with Mexico as the goods it bought from its southern neighbour surged past China and Canada.
