It is common for American corporations to do business with companies in other countries and increase the volume of ocean and air freight to USA. American firms operate on a worldwide basis, from Europe to Asia. Because of their favorable trade and business regulations and less time-consuming customs processes, certain countries are more popular than others. However, because rules change often, the volume of commerce between countries might also change.
With approximately $5.6 trillion in exports and imports of goods and services in 2019, the United States is the world’s largest trading country. The United States has trade agreements with over 200 countries, territories, and regional organizations throughout the world.
The United States is the world’s greatest importer of products. In 2021, the United States imported $3.5 trillion in products from throughout the world, decreasing 1.6 percent ($40.2 billion) from the previous year. China was the most important provider of products to the US, accounting for 18% of total imports. China ($752 billion), Mexico ($158 billion), Canada ($419 billion), Japan ($244 billion), and Germany ($228 billion) were the top five providers of U.S. goods imports in 2021.