US Trading Partners Statistics 2026 | Key Facts

Trading Partners of US 2026

The United States stands at the center of a vast and shifting global trade network in 2026, one that has been reshaped by tariff wars, nearshoring trends, geopolitical realignments, and aggressive supply chain restructuring by American corporations. Total US bilateral trade reached $4.7 trillion in just the first ten months of 2025 — underscoring the sheer scale of America’s commercial ties with over 200 countries and territories. What makes 2026 a particularly important year to study US trading partner statistics is the dramatic reshuffling that has occurred at the very top of the rankings: the European Union has emerged as the single largest overall trading partner, China’s share of US imports has collapsed by 26.7%, and new entrants like Vietnam, Taiwan, and Switzerland have climbed rapidly into the top ten. These are not minor fluctuations — they represent a structural rewiring of the world’s most important trade network, driven by tariffs, diplomacy, and a fundamental rethinking of where America sources its goods.

What these US trading partner statistics for 2025–2026 reveal, above all, is a nation actively rebalancing its commercial relationships under intense policy pressure. The most recently published official US government data — from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis (BEA), released January 29, 2026 — shows a goods and services deficit of $56.8 billion in November 2025 alone, while the 12-month trailing goods trade deficit through November 2025 reached approximately $1.25 trillion. Services, where the US runs a surplus, provided a partial offset: the services trade surplus was $30.1 billion in November 2025. The numbers speak to an economy that consumes far more in manufactured goods than it produces for export, but retains a powerful competitive edge in services, technology, agriculture, and aerospace. Understanding who America trades with — and on what terms — is essential context for every policy debate, business decision, and economic forecast heading into 2026.

Interesting Facts: US Trading Partners 2026

Source: U.S. Census Bureau Foreign Trade Division; U.S. Bureau of Economic Analysis (BEA) — US International Trade in Goods and Services, November 2025, released January 29, 2026; Joint Economic Committee (JEC) Monthly Trade Update, January 2026; Visual Capitalist / WION News analysis of Census Bureau Jan–Oct 2025 data

The facts table above reflects a US trade landscape that looked dramatically different in 2025 than it did just two years prior. The most striking single data point is China’s 26.7% collapse in US imports — the steepest decline of any major trading partner — which represents the cumulative impact of Section 301 tariffs, supply chain diversification by US corporations, and sustained strategic competition between Washington and Beijing. Where those imports went is equally telling: Vietnam surged 40.4% and Thailand surged 37.4%, both countries benefiting from manufacturers who relocated production out of China. The EU claiming the #1 trading partner position at $883.3 billion — ahead of all individual countries — reflects the deepening of transatlantic trade even amid tariff tensions, with Germany ($196.4 billion), Ireland ($140.8 billion), and the Netherlands ($108.7 billion) driving the bulk of that volume.

The monthly deficit figures from the most recent BEA release — published January 29, 2026 covering November 2025 — tell a story of persistent imbalances with Asia and emerging surpluses with traditional allies. Mexico’s single-month goods deficit of $17.8 billion reflects the enormous import flows from integrated North American manufacturing. Vietnam at $16.2 billion and Taiwan at $15.6 billion in monthly deficits show how supply chain shifts haven’t reduced America’s overall goods deficit — they’ve just redirected it toward different Asian nations. Meanwhile, the services surplus of $30.1 billion in November provides a consistent counterweight, and the US goods trade surpluses with Switzerland (+$7.8B), the Netherlands (+$5.6B), and the United Kingdom (+$4.2B) confirm that American exporters remain highly competitive in select high-income markets.

Top 10 US Trading Partners 2026 | Year-to-Date Rankings

Source: U.S. Census Bureau data via Visual Capitalist (January 2026); WION News analysis of Census Bureau Jan–Oct 2025 bilateral trade data

The 2025 trading partner rankings represent the most significant reshuffling of America’s trade hierarchy in decades. The EU ascending to the #1 partner position reflects genuine growth in transatlantic trade flows, accelerated by American LNG exports to Europe following Russia’s Ukraine invasion and the European push for energy diversification from Russian sources. The August 2025 US-EU tariff framework — setting a 15% ceiling on most goods — provided stabilization after months of uncertainty. Germany alone at $196.4 billion, Ireland at $140.8 billion, and the Netherlands at $108.7 billion each contribute massive trade volumes; Ireland’s outsized figure reflects the concentration of US pharmaceutical and tech company European operations on Irish soil.

China’s fall from #3 to the #4 position is the defining trade story of 2025. A $357.2 billion total trade volume still makes China the fourth-largest individual country partner, but its 7.6% share of US total trade — down from 9% in 2024 — represents a continued structural decline from peak years. The October 2025 trade truce, which reduced US tariffs from 57% to 47% and collapsed Chinese tariffs from 125% to 10%, provides some breathing room — but the fundamental decoupling in technology sectors continues. Taiwan’s rise to $201.1 billion and the signing of a new US-Taiwan trade agreement at a 15% tariff baseline directly reflects China’s retreat: as Chinese supply chains are displaced, Taiwan’s irreplaceable semiconductor fabs become more critical to American interests than ever.

US–Mexico Trade Statistics 2026

Source: U.S. Bureau of Economic Analysis (BEA), November 2025 Trade Release, January 29, 2026; Joint Economic Committee Monthly Trade Update, January 2026; WION News / Visual Capitalist Census Bureau Jan–Oct 2025 data

Mexico’s simultaneous dominance as America’s top import source and top export destination is the most remarkable bilateral trade fact of 2025. Over the 12 months through November 2025, the US imported $531.73 billion from Mexico and exported $334.37 billion to Mexico — figures that reflect not simple buying and selling but a deeply integrated binational production system. Vehicles and auto parts define the import side; American companies send electrical machinery, plastics, and fuels southward in exchange. This is the USMCA framework operating as designed: goods crossing the border multiple times during production, components assembled into finished products, finished products crossing back. The $440 billion in US imports from Mexico through just ten months of 2025 is on pace to set an annual record, continuing a trend that elevated Mexico to the top trading partner position.

The relationship absorbed significant turbulence when the US announced tariffs on Mexican imports in February 2025, triggering negotiations that led to delays and partial exemptions. Despite that disruption, Mexico’s total trade volume of $731.2 billion through October confirms that the underlying economic integration is too deep for tariff threats alone to unravel — negotiated workarounds emerged rapidly. The $17.8 billion monthly goods deficit with Mexico in November 2025 — the largest single-country monthly deficit of any US partner that month — shows that whatever policy adjustments are negotiated, the structural imbalance rooted in integrated manufacturing persists. The USMCA formal review in 2026 will be among the most consequential trade policy events of the year, with both sides facing pressure on automotive content rules, labor standards, and digital trade provisions.

US–China Trade Statistics 2026 – Bilateral Data and Tariff Impact

Source: U.S. Bureau of Economic Analysis (BEA), November 2025 Trade Release, January 29, 2026; Joint Economic Committee Monthly Trade Update, January 2026; Visual Capitalist / Census Bureau Jan–Oct 2025 data

No bilateral trade relationship has undergone more dramatic change in 2025 than the US–China corridor, and the numbers confirm a transformation that is both profound and incomplete. The 26.7% collapse in US imports from China — the largest decline of any major trading partner — reflects the cumulative impact of tariffs that at their peak reached 57% effective rates before the October 2025 truce reduced them to 47%. The result is visible in the tariff revenue data: the US collected $89.63 billion in duties from Chinese goods over the 12 months through November 2025 — at an average applied rate of 28.34% — more than Mexico ($18.08 billion) and Vietnam ($15.48 billion) combined. This is the arithmetic of decoupling: even as volumes fall, the high tariff rates generate massive government revenue from whatever trade remains.

Yet the story is more nuanced than simple decoupling. The October 2025 trade truce — where US tariffs dropped to 47% and Chinese tariffs on US goods collapsed from 125% to 10% — signals that complete separation remains economically impossible. The $357.2 billion in total US-China bilateral trade through October 2025 still makes China the fourth-largest individual country partner, and in categories like consumer electronics, furniture, toys, and many industrial inputs, Chinese supply chains retain advantages that tariffs alone cannot fully displace. The February 2026 pause on US tech restrictions against China — shelving bans on China Telecom, TP-Link router restrictions, and proposed bans on Chinese electric trucks ahead of a planned Trump–Xi summit — confirms that trade and geopolitics remain deeply entangled, and that any final US-China trade settlement in 2026 will require navigating both economic and strategic dimensions simultaneously.

US–Canada Trade Statistics 2026 – Bilateral Trade Data

Source: U.S. Bureau of Economic Analysis (BEA), November 2025 Trade Release, January 29, 2026; WION News analysis of Census Bureau Jan–Oct 2025 data; Visual Capitalist, January 2026

Canada’s position as America’s most geographically and economically integrated trade partner remains firmly established in 2025, anchored by the energy relationship that no tariff policy can quickly restructure. Canada supplies 67–68% of all US crude oil imports — a figure that makes Canadian energy a national economic security issue for American refineries, particularly in the Midwest, that are physically configured to process Canadian heavy crude. The total $606.7 billion in bilateral trade through October 2025 — and the relatively modest $3.5 billion monthly goods deficit in November — reflects a relationship far more balanced than the Mexico or China corridors, where the US runs massive and growing imbalances. When energy trade is isolated, the remaining US-Canada goods trade is arguably the most balanced major bilateral relationship the United States has.

The declining share of US passenger vehicles in Canada’s total imports — from a historical average of 49% down to just 36% through October 2025 — represents one of the notable structural shifts in this relationship. Tariff uncertainty generated by the Trump administration’s early 2025 trade actions led Canadian buyers and automakers to diversify sourcing, reducing dependence on US-manufactured vehicles. This is a measurable consequence of trade policy instability on what had been one of the most predictable and integrated automotive corridors in the world. The 2026 USMCA review will determine whether the automotive provisions can be stabilized and whether Canada’s role as America’s top crude oil supplier can be formally protected from further tariff threats — or whether the uncertainty of 2025 becomes a permanent feature of this relationship.

US–EU Trade Statistics 2026 – Bilateral Data

Source: U.S. Bureau of Economic Analysis (BEA), November 2025 Trade Release, January 29, 2026; Visual Capitalist / Census Bureau Jan–Oct 2025 data; WION News, January 2026

The EU’s emergence as America’s single largest trading partner at $883.3 billion is the headline trade story on the transatlantic side of the ledger in 2025, and it reflects a deepening of commercial ties that has accelerated even amid political friction. American LNG exports to Europe — surging after Russia’s invasion of Ukraine prompted Europe to seek alternative energy suppliers — have added billions to the US export column. Germany at $196.4 billion drives the largest single-country EU contribution through automotive imports and chemical/machinery exports, while Ireland’s outsized $140.8 billion reflects the concentration of US pharmaceutical and technology European operations on Irish soil, where favorable corporate tax structures have historically attracted American multinationals. The August 2025 US-EU tariff framework — setting a 15% ceiling on most goods — provided stability, though the retention of 50% global tariffs on steel and aluminum remains a source of ongoing friction for European producers.

The monthly goods deficit with the EU jumped $8.2 billion to $14.5 billion in November 2025 from just $6.3 billion in October — illustrating the volatility that pharmaceutical shipment timing and energy flows can introduce into monthly figures. Over Q3 2025, the deficit was just $9.7 billion — dramatically lower than the full-year 2024 total of $235.6 billion — suggesting that the 2025 EU-US tariff framework and American energy exports have measurably improved the bilateral balance relative to prior years. The Netherlands’ $59.99 billion 12-month surplus with the United States is the largest goods surplus the US runs with any individual EU member, driven by American LNG, agricultural products, and machinery flowing through Rotterdam and into EU markets — making the Netherlands, paradoxically, one of the countries where American exporters are most successful.

US Monthly Trade Balance 2026

Source: U.S. Census Bureau and U.S. Bureau of Economic Analysis (BEA) — US International Trade in Goods and Services, November 2025, released January 29, 2026. This is the most current official US government trade release as of February 19, 2026. The December 2025 and Full Annual 2025 data release is scheduled for February 19, 2026 at 8:30 a.m. EST.

The November 2025 BEA/Census release — published January 29, 2026 — is the most current official US trade data available today, and the widening of the deficit that month is worth examining in detail. The $56.8 billion total deficit — up a sharp $27.6 billion from October’s $29.2 billion — was driven entirely by the goods side: a $27.9 billion widening to $86.9 billion as goods exports fell $11.1 billion (led by drops in industrial supplies, pharmaceutical preparations, and consumer goods) while goods imports rose $16.8 billion. Services held steady — the $30.1 billion surplus in services is one of the most consistent features of recent US trade data, with American financial services, travel, intellectual property royalties, and technology exports providing a durable competitive advantage that goods trade cannot replicate.

The year-to-date comparison confirms the underlying trend: through November 2025, exports are up 6.3% and imports are up 5.8% from the same period in 2024 — but because the import base is far larger than the export base in dollar terms, the deficit has still widened by $32.9 billion (+4.1%) year over year. This mathematical structural reality means that even when percentage export growth matches or slightly exceeds import growth, the absolute dollar deficit keeps expanding. The full annual 2025 data — scheduled for release by BEA and Census today, February 19, 2026 at 8:30 a.m. EST — will provide the definitive full-year picture and is expected to show 2025 as another year of historically elevated trade deficits shaped by tariff-driven shifts in sourcing patterns rather than any fundamental improvement in the overall US trade balance.

Largest US Goods Trade Deficits and Surpluses by Partner 2026

Source: Joint Economic Committee (JEC) Monthly Trade Update, January 2026 — based on U.S. Census Bureau data through November 2025

The 12-month deficit concentration data is among the most important data points for understanding the current US trade landscape, and the top three figures are striking in what they reveal about the direction of supply chain shifts. China’s $214.61 billion 12-month deficit — 17.12% of America’s total goods deficit — remains the single largest bilateral imbalance despite the dramatic 26.7% import decline in 2025. The tariff-driven compression of Chinese imports has been real, but China’s starting base was so large that even a major percentage reduction still leaves it at the top of the deficit table. Mexico at $197.36 billion (15.74%) is now essentially tied with China as the largest structural source of the US goods deficit, and on a monthly basis, Mexico actually surpassed China as the top deficit partner in November 2025 at $17.8 billion vs. $14.7 billion.

Vietnam at $171.62 billion (13.69%) completing the top three is arguably the most telling statistic of the entire US trade realignment story. A country that barely registered in these tables a decade ago now accounts for nearly 14% of America’s entire goods trade deficit — a direct consequence of supply chain migration from China. Together, these three countries account for 46.55% of the total US goods deficit over the 12-month period, highlighting just how concentrated America’s trade imbalances remain with a small number of partners. The tariff revenue data adds another dimension: collecting $89.63 billion from China, $18.08 billion from Mexico, and $15.48 billion from Vietnam means that trade deficits have simultaneously become a source of federal government revenue — one that complicates the political calculus of any future tariff reduction, since lower tariffs mean lower revenue at a time of significant fiscal pressure.

Disclaimer: This research report is compiled from publicly available sources. While reasonable efforts have been made to ensure accuracy, no representation or warranty, express or implied, is given as to the completeness or reliability of the information. We accept no liability for any errors, omissions, losses, or damages of any kind arising from the use of this report.

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