United States of America
North America
Trade in United States of America
| The United States was the world’s 2nd largest exporter of goods and largest exporter of commercial services in 2022. Export values were $2.1 trillion and $928.53 billion USD respectively. The United States’s top export category was Manufactures, followed by Machinery and transport equipment, and Fuels and mining products. In 2022, The United States’s main export destination markets for goods and services trade were to Canada, Mexico and China, with trade representing 27.36 per cent of GDP. In terms of imports, The United States is the world’s largest importer of goods and largest importer of commercial services. Import values were $3.37 trillion and $696.71 billion USD respectively in 2022. The United States’s top import category was Manufactures, followed by Machinery and transport equipment and Office and telecom equipment. Leading import partners were China, Mexico and Canada. The United States is part of 14 different Regional Trade Agreements, including Dominican Republic – Central America – United States Free Trade Agreement (CAFTA-DR) and Korea, Republic of – United States. |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
United States of America |
Abbreviation |
US |
Capital |
Washington, D.C. |
WTO Membership Date |
1 January 1995 |
Legal System |
common law system based on English common law at the federal level; state legal systems based on common law, except Louisiana, where state law is based on Napoleonic civil code; judicial review of legislative acts |
Language |
English (de facto) |
Number of Time Zone(s) |
11 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
United States dollar |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Government MSME Agency |
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Industrial Property Offices |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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National Tariff Finder |
https://www.usitc.gov/glossary/term/harmonized-tariff-schedule-united-states-hts |
Trade Information Portal |
https://www.trade.gov/ |
Last Reviewed: June, 2024
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