Countries Contributing the Most to U.S. Trade Deficit
The list below shows America’s deficit amounts for its top 15 trading partners.
1. China … US$259.1 billion (up 11.4% from 2006, up 59.9% from 2004)
2. Japan … $83.1 billion (down 6.1%, up 10.5%)
3. Mexico … $74 billion (up 15.4%, up 64.4%)
4. Canada … $65 billion (down 10.7%, down 1%)
5. Germany … $44.5 billion (down 6.9%, down 2.8%)
6. Nigeria … $28.9 billion (up 12.5%, up 97.3%)
7. Venezuela … $28.4 billion (up 0.6%, up 40.4%)
8. Saudi Arabia … $24.5 billion (up 1.8%, up 57.3%)
9. Ireland … $21.6 billion (up 7.5%, up 12.5%)
10. Italy … $20.9 billion (up 3.7%, up 20.4%)
11. Malaysia … $20.8 billion (down 13.2%, up 20.4%)
12. France … $14.5 billion (up 12.5%, down 36.9%)
13. South Korea … $13.6 billion (up 2.5%, down 31.5%)
14. Taiwan … $12.7 billion (down 16.7%, down 1.9%)
15. United Kingdom … $6.7 billion (down 16.8%, down 36%).
Top Chinese exports to America are computers, accessories, parts and miscellaneous household goods. Japan’s leading exports to the U.S. are passenger cars.
Fastest Increasing Deficits
Below are the nine countries that grew the American deficit the fastest last year.
1. Mexico … US $74 billion (up 15.4% from 2006, up 64.4% from 2004)
2. Nigeria … $28.9 billion (up 12.5%, up 97.3%)
3. France … $14.5 billion (up 12.5%, down 36.9%)
4. China … $259.1 billion (up 11.4%, up 59.9%)
5. Ireland … $21.6 billion (up 7.5%, up 12.5%)
6. Italy … $20.9 billion (up 3.7%, 20.4%)
7. South Korea … $13.6 billion (up 2.5%, down 31.5%)
8. Saudi Arabia … $24.5 billion (up 1.8%, up 57.3%)
9. Venezuela … $28.4 billion (up 0.6%, up 40.4%),