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U.S.-APEC Bilaterial Trade and Investment

U.S. goods and services trade with APEC countries totaled $2.6 trillion in 2011 (latest data available for goods and services trade). Exports totaled $1.1 trillion; Imports totaled $1.5 trillion. The U.S. goods and services trade deficit with APEC countries was $388 billion in 2011.

The United States has a $2.4 trillion in total (two ways) goods trade with APEC countries during 2012. Goods exports totaled $942 billion; Goods imports totaled $1.5 trillion. The U.S. goods trade deficit with APEC countries was $514 billion in 2012. 

Trade in services with APEC countries (exports and imports) totaled $346 billion in 2011 (latest data available). Services exports were $226 billion; Services imports were $120 billion. The U.S. services trade surplus with APEC countries was $105 billion in 2011.

Exports

• U.S. goods exports to APEC countries in 2012 were $941.8 billion, up 5.3% ($47.2 billion) from 2011, and up 110% from 2002. U.S. exports to APEC countries account for 60.9% of overall U.S. exports in 2012.

• The five largest export markets are: Canada ($291.8 billion), Mexico ($216.3 billion), China ($110.6 billion), Japan ($70.0 billion), and Korea ($42.3 billion).

• The top export categories (2-digit HS) in 2012 were: Machinery ($139.6 billion), Electrical Machinery ($116.1 billion), Vehicles ($92.9 billion), Mineral Fuel (oil) ($63.2 billion), and Aircraft ($45.1 billion).

• U.S. exports of agricultural products to APEC countries totaled $105.7 billion in 2012. Leading categories include: soybeans ($21.2 billion), red meats, fresh/chilled/frozen ($10.0 billion), coarse grains ($8.4 billion), cotton ($5.0 billion), and wheat ($4.7 billion).

• U.S. exports of private commercial services* (i.e., excluding military and government) to APEC were $225.8 billion in 2011 (latest data available), up 9.2% ($19.1 billion) from 2010, and up 101% since 2000.

Imports

• U.S. goods imports from APEC countries totaled $1.5 trillion in 2012, up 4.8% ($67.2 billion) from 2011, and up 90% from 2002. U.S. imports from APEC countries account for 64.0% of overall U.S. imports in 2012.

• The five largest country suppliers of imports are: China ($425.6 billion), Canada ($324.2 billion), Mexico ($277.7 billion), Japan ($146.4 billion), and Korea ($58.9 billion).

• The five largest categories in 2012 were: Electrical Machinery ($254.0 billion), Machinery ($232.2 billion), Vehicles ($190.2 billion), Mineral Fuel (oil) ($173.0 billion), and Furniture and Bedding ($40.1 billion).

• U.S. imports of agricultural products to APEC countries totaled $61.5 billion in 2012. Leading categories include: fresh vegetables ($5.5 billion), snack foods (including chocolate) ($5.1 billion), processed fruit and vegetables ($4.9 billion), red meats, fresh/chilled/frozen ($4.8 billion), and fresh fruit ($4.5 billion).

• U.S. imports of private commercial services* (i.e., excluding military and government) were $120.4 billion in 2011 (latest data available), up 7.8% ($8.7 billion) from 2010, and up 67% since 2000.

Trade Balance

• The U.S. goods trade deficit with APEC countries was $513.7 billion in 2012, a 4.1% increase ($20.0 billion) over 2011.

• The United States has a services trade surplus of $105.4 billion with APEC countries in 2011 (latest data available), up 10.9% from 2010.

Historical Trade Data

U.S. Goods Trade with APEC countries (in billions of dollars) 1980, 1985, 1990, 1994, 2000, 2008-2011

 1980198519901994200020022009201020112012
Balance-9.3-91.5-83.5-129.7-306.6-316.8-377.9-461.5-493.6-513.7
Exports109.7124.8228.6324.8507.0448.9617.5775.1894.7941.8
Imports119.0216.3312.1454.5813.6765.7995.41,236.61,388.31,455.5

U.S. Services Trade with APEC countries (in billions of dollars) 1994, 2000, 2005-2011

 199420002005200620072008200920102011
Balance37.440.250.150.457.669.076.895.0105.4
Exports83.2112.3144.3156.8171.3182.7176.7206.7225.8
Imports45.872.194.2106.4113.7113.7100.0111.7120.4

Investment

• U.S. foreign direct investment (FDI) in the APEC countries (stock) totaled $1.0 trillion in 2011 (latest data available), up 9.0% from 2010.

• U.S. direct investment in the APEC countries is concentrated in the nonbank holding companies, manufacturing, and finance/insurance sectors.

• The APEC countries’ FDI in the United States countries (stock) was $634.7 billion in 2011 (latest data available), up 16.2% from 2010.

• The APEC countries reported direct investment in the U.S. is led by the manufacturing, wholesale trade, and finance/insurance sectors.


APEC countries consist of Australia, Brunei, Canada, Chile, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Taiwan, Thailand, and Vietnam

*NOTE: Refers to private services trade not including U.S. military sales, direct defense expenditures, and other miscellaneous U.S. government services. Services trade data includes all of APEC countries except Brunei, Papua New Guinea, Peru, Russia, and Vietnam.