Top export markets for the U.S. – 2007

February 22, 2008 by SwizStick  
Filed under Education, QuickNews

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Now I couldn’t just post on China overtaking Canada as the top exporter to the U.S. without looking at the numbers for U.S. Total Exports, could I? Here are the top 10 for 2007, export value, and percent change from 2006 to 2007:

1. Canada – $248.4 billion (+7.9%)
2. Mexico – $136.5 billion (+1.8%)
3. China – $65.2 billion (+18.1%)
4. Japan – $62.7 billion (+5.1%)
5. United Kingdom – $50.3 billion (+10.8%)
6. Germany – $49.7 billion (+20.2%)
7. Korea – $34.7 billion (+6.9%)
8. Netherlands – $32.9 billion (+6.1%)
9. France – $27.4 billion (+13.2%)
10. Taiwan – $26.4 billion (+14.5%)

That’s right, China is now our third biggest export market after Canada and Mexico. And that 18.1% gain from 2006 to 2007 is larger than China’s exports to the U.S. from the same period (an impressive, but lower, gain of 11.7%). In 2005-2006 China was our fourth biggest export market after Japan. In fact, China has risen steadily in the ranks of our export markets for quite some time now, rising from 7th to 3rd during the period 2002-2007.

The largest gains for U.S. exports?

India: +74.3% ($17.6 billion)
Poland: +59.3% ($3.1 billion)
Russia: +56.1% ($7.3 billion)
Peru: +40.7% ($4.1 billion)
Panama: +38.2% ($3.7 billion)

The biggest losers?

Malaysia (again?): -6.9% ($11.7 billion)
New Zealand: -3.9% ($2.8 billion)
UAE: -2.6% ($11.6 billion)
Philippines: +1.3% ($7.7 billion)
Mexico: +1.8% ($136.5 billion)

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