Trade Report Shows Mexican, Canadian Two-Way Trade in Goods With US Larger Than China's
Imports from China to the U.S. fell 12 percent in the first half of 2019 compared with the January-June period in 2018, and exports to China fell by nearly 19 percent, a new Commerce Department report found. Although imports and exports to Canada were also down, Canada has now surpassed China as the second-largest U.S. trading partner in goods. Mexican imports were up 6.7 percent in the first half the year, and it is now the top trading partner in goods, with $311 billion in two-way trade from January to June. Canada was at $306 billion, despite a decline in both import and export volume. China's two-way trade with the U.S. was close to $290 billion.
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The U.S. still imported more goods from China than any other country, however, with $235 billion imported in the six-month period. The U.S. imported $255 billion from the 28 European Union countries, which share a customs union.