sazr018 ‘Top 10 US. Trade Pertners In 2017 Can Be Broken into 3 Ters 3,911 views | Feb 28, 2018, 10:46am Top 10 U.S. Trade Partners In 2017 Can Be Broken Into 3 Tiers y Ken Roberts Contributor Washington analyze export-import data, connecting it to trade potiey,ife US. trade visualized, with the largest circles representing the Largest trade partners. usrasDewuwecrs.com The United States conducted at least $1 billion in two-way trade with 94 countries in 2017, more than one-third of the world’s nations. It conducted at least $10 billion with the top 45, $50 billion with the top 17, more than $100 billion with the top seven, and $500 billion with the top three. ‘What follows is a look at the nation's top 10 trade partners in 2017, with links to more detailed information. All the information is based on annual U.S. Census Bureau, as analyzed by the WorldCity, the company where I serve as president. 1. China, There was a time when it appeared Canada would always be the United States' top trade partner. Now it appears it might never be No. 1 again, as U.S. trade with China continues to climb while oil prices — Canada has long been the No. 1 source of U.S. foreign oil — remain well tps: forbes. comsies/xenraberts/2018!02/28hop-10.0-6-rade-parnors-in-2017-can-be-broken-into.tree.iersit708360856270 ua9272018 ‘Top 10 U.S. Trade Partners n 2017 Can Be Broken Into 3 Ters below previous highs while inching up. In 2017, China became only the second nation to top $600 billion in trade with the United States; Canada having previously done it before oil prices declined. Almost two-thirds of all trade with China is seaborne trade, with another third via air. The U.S. trade deficit with China set a record in 2017, the 17th record in the last 20 years. 2, Canada. U.S.-Canada trade rose a healthy 7.06 percent in 2017, and it accounted for 15% of all U.S, trade. More than one-half of all U.S.-Canada trade occurs at just three border crossings: Detroit's Ambassador Bridge, the Blue Water Bridge at Port Huron, Mich., and the Peace Bridge in Buffalo, N.Y. 3. Mexico. The third key U.S. trade partner is Mexico. With China and Canada, the three accounted for 45% of all U.S. trade with the world in 2017. Just two border crossings, in Port Laredo and El Paso, Texas, accounted for 48% of all U.S.-Mexico trade in 2017. MORE FROM FORBES 4. Japan. After the Big Three — China, Canada and Mexico — comes a second tier of U.S. trade partners, led by Japan. The top three each accounted for more than $500 billion in two-way trade. Japan-U.S, trade, meanwhile, topped $200 billion in 2017, up 4.9 percent. Because motor vehicles account for one-third of the value of all Japanese imports to the United States, and 70% of all trade is water-borne, most of the leading gateways for this trade are West Coast seaports, led by the Port of Los Angeles. 5. Germany. The top-ranked European trade partner, Germany is the second of four countries that comprise the secord tier of top 10 U.S. trade partners, those with more than $100 billion in two-way trade with the United States. Germany's top gateway for trade is the Port of Charleston, S.C., an example of how an economic-development decision can directly hhtps:iwaw forbes.comisies/kenreberi/2018/02/28op-10-v-s-rade-parnors-in-2017-can-be-broken into-three iasit708360856270 2msizrizot8 “Top 10 US. Trade Partners n 2017 Can Be Broken Into 8 Tors affect trade flows. Germany automaker BMW builds vehicles in South Carolina, one of the early foreign manufacturers to do so, and an ecosystem — parts, tires, support services — consequently followed. 2» South Korea. What sets South Korea apart as a top trade partner is that two of the top three and three of the top five gateways for its U.S, trade are airports. That distinction would seem to point to the type of trade occuring between the United States and South Korea when compared to the other two Asian trade partners ahead of it, China and Japan. To an extent, that is true: South Korea's imports tend to be lighter and of higher value. Nevertheless, 64% of all U.S.-South Korea trade is water-borne, equal to that of China's U.S. trade and below Japan's, at 70%. Those leading airports are San Francisco International, Dallas-Fort Worth International and Chicago's O'Hare International — two of the three in the country's mid-section, for easier access to supply chains and ultimate markets. 7. United Kingdom. The United Kingdom was the only top 10 trade partner to see its U.S. trade decline in 2017, though that decline was slight, at 0.29 percent. It is the last top 10 partner with at least $100 billion in two-way trade with the United States. 8. France. France is the third of four European nations in the United States’ top 10 trade partners and the top of the third tier of U.S. trade partners: those with less than $100 million in trade but more than $50 million. Its U.S. trade increased 6.13% in 2017. Six of the top 10 gateways for France's trade with the United States are airports, including Cincinnati-Northern Kentucky International Airport. 9. India. The fourth of four Asian trade partners in the nation's top 10, India is also one of the nation’s fastest-growing trade partners over the last decade. Unlike the manufacturing powerhouses China, Japan and South Korea, India is a large trader in diamonds, pharmaceuticals and gold. Consequently, its percentage of trade that travels by air is larger than the other three at 43%. ntps:www forbes.comvetes/xanreberts/2018/02/28hop-10-u-s-rade-partnors-in-2017-can-be-brokendnto-hree-tirsI47 08960856270 34sr2772018 Top 10 US. Trade Partners n 2017 Can Be Broken Ito 3 Tiere 10. Italy, Italy slipped ahead of Taiwan to re-enter the United States’ list of top 10 trade partners in 2017, its trade increasing 10.2% in 2017. Its leading gateway for U.S. trade is the Port of Newark, N.J., and its trade is increasingly being defined by pharmaceuticals and plasma, vaccines and blood fractions. This post follows one on the top 10 ranked airports, seaports and border crossings for U.S. trade. Still to come are columns on the top 10 U.S. exports and the top 10 imports. Agree? Disagree? Email me. Or follow me here or on LinkedIn or Twitter, or watch my "Trade Matters" series on WorldCity's YouTube channel. I didn’t leave the womb thinking I would find my life’s work writing and speaking about trade data, trying to make it interesting and relevant. But this is where find myself. Today, the company I founded in 1998, WorldCity, has published annual TradeNumbers publications ar... 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