Over 55% of US trade now has new deals

Below are the top 15 trading partner countries based upon exports from the USA in 2017.

There have been new trade deals concluded (although the US-Canada-Mexico deal needs to be ratified and passed) Canada, Mexico, Europe, and South Korea.

Canada and Mexico are 34% of US exports. Europe is 20%. South Korea is 3%. The US has new trade deals for 57% of its exports.

The US is still negotiating with China (including Hong Kong) and Japan.

1. Canada: US$282.5 billion (18.3% of total US exports)
2. Mexico: $243 billion (15.7%)
3. China: $130.4 billion (8.4%)
4. Japan: $67.7 billion (4.4%)
5. United Kingdom: $56.3 billion (3.6%)
6. Germany: $53.5 billion (3.5%)
7. South Korea: $48.3 billion (3.1%)
8. Netherlands: $42.2 billion (2.7%)
9. Hong Kong: $40 billion (2.6%)
10. Brazil: $37.1 billion (2.4%)
11. France: $34.2 billion (2.2%)
12. Belgium: $29.9 billion (1.9%)
13. Singapore: $29.8 billion (1.9%)
14. Taiwan: $25.8 billion (1.7%)
15. India: $25.7 billion (1.7%)

Almost three-quarters (74.1%) of American exports in 2017 were delivered to the above 15 trade partners.

The United States incurred the highest trade deficits with the following countries:

China: -US$395.8 billion (country-specific trade deficit in 2017)
Mexico: -$74 billion
Japan: -$72.2 billion
Germany: -$66.7 billion
Vietnam: -$40.3 billion
Ireland: -$38.3 billion
Italy: -$33.1 billion
Malaysia: -$25.3 billion
India: -$24.9 billion
South Korea: -$24.9 billion