China is the second largest U.S. trade partner in 2006, having surpassed long-time North America Free Trade Partner, Mexico. China's total trade's was USD 343 billion and it urged almost $58 billion in 2006, outpacing Mexico's trade of $42 billion. Its trade with U.S has increase of 20.18% from last year, thus becoming first in the trade growth with U.S. as compared to the rest of the countries. This is due to the increasingly all-time high exports from China. In 2006, U.S. exports from China amounts to USD 203.5 billion. Thus resulting the biggest trade deficit. The U.S. deficit with China was $233 billion, or 28 percent of the total deficit.
USD in
billion
|
|
2005
|
Total Trade
|
2006 |
2005
|
Change ($)
|
Change (%)
|
|
1 |
1 |
Canada |
534 |
502 |
31 |
6.25% |
|
2 |
3 |
China |
343 |
285 |
58 |
20.18% |
|
3 |
2 |
Mexico |
332 |
290 |
42 |
14.44% |
|
4 |
4 |
Japan |
208 |
193 |
14 |
7.37% |
|
5 |
5 |
Germany |
130 |
119 |
11 |
9.63% |
|
6 |
6 |
U.K |
99 |
90 |
9 |
10.28% |
|
7 |
7 |
South Korea |
78 |
72 |
7 |
9.42% |
|
8 |
9 |
France |
61 |
56 |
5 |
9.09% |
|
9 |
8 |
Taiwan |
61 |
57 |
4 |
7.63% |
|
10 |
10 |
Malaysia |
49 |
44 |
5 |
11.18% |
Below is the chart of U.S. top 10 trading partners for the year 2006:
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