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U.S.-APEC Bilaterial Trade and Investment

U.S. goods and services trade with APEC countries totaled $2.8 trillion in 2012 (latest data available). Exports totaled $1.2 trillion; Imports totaled $1.6 trillion. The U.S. goods and services trade deficit with APEC countries was $400 billion in 2012.

The United States has a $2.4 trillion in total (two ways) goods trade with APEC countries during 2013. Goods exports totaled $970 billion; Goods imports totaled $1.5 trillion.  The U.S. goods trade deficit with APEC countries was $510 billion in 2013.

Trade in services with APEC countries (exports and imports) totaled $376 billion in 2012 (latest data available). Services exports were $245 billion; Services imports were $131 billion. The U.S. services trade surplus with APEC countries was $114 billion in 2012.

Exports

• U.S. goods exports to APEC countries in 2013 were $970.1 billion, up 3.0% ($28.4 billion) from 2012, and up 107% from 2003.  U.S. exports to APEC countries account for 61.4% of overall U.S. exports in 2013.

• The five largest export markets are: Canada ($300.2 billion), Mexico ($226.2 billion), China ($122.0 billion), Japan ($65.1 billion), and Hong Kong ($42.5 billion).

• The top export categories (2-digit HS) in 2013 were: Machinery ($139.2 billion), Electrical Machinery ($118.7 billion), Vehicles ($95.9 billion), Mineral Fuel (oil) ($70.3 billion), and Aircraft ($53.0 billion).

• U.S. exports of agricultural products to APEC countries totaled $104.7 billion in 2013.  Leading categories include: soybeans ($18.7 billion), pork and pork products ($5.6 billion), wheat ($5.5 billion), beef and beef products ($5.4 billion), and corn ($5.2 billion).

• U.S. exports of private commercial services* (i.e., excluding military and government) to APEC were $244.9 in 2012 (latest data available), up 6.9% ($15.7 billion) from 2011, and up 120% since 2002.

Imports

• U.S. goods imports from APEC countries totaled $1.5 trillion in 2013, up 1.7% ($24.5 billion) from 2012, and up 82% from 2003. U.S. imports from APEC countries account for 65.3% of overall U.S. imports in 2013.

• The five largest country suppliers of imports are: China ($440.4 billion), Canada ($332.1 billion), Mexico ($280.5 billion), Japan ($138.5 billion), and Korea ($62.2 billion).

• The five largest categories in 2013 were: Electrical Machinery ($261.7 billion), Machinery ($230.0 billion), Vehicles ($195.1 billion), Mineral Fuel (oil) ($172.0 billion), and Furniture and Bedding ($42.8 billion).

• U.S. imports of agricultural products to APEC countries totaled $63.9 billion in 2013.  Leading categories include:  fresh vegetables ($6.4 billion), snack foods (including chocolate) ($5.3 billion), fresh fruit ($5.2 billion), processed fruit and vegetables ($5.0 billion), and red meats, fresh/chilled/frozen ($5.0 billion).

• U.S. imports of private commercial services* (i.e., excluding military and government) were $131.3 billion in 2012 (latest data available), up 8.1% ($9.8 billion) from 2011, and up 82% since 2002.

Trade Balance

• The U.S. goods trade deficit with APEC countries was $509.7 billion in 2013, a 0.75% decrease ($3.8 billion) over 2012.

• The United States has a services trade surplus of $113.6 billion with APEC countries in 2012 (latest data available), up 5.5% from 2011. 

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 $1.1 trillion in 2012 (latest data available), up 7.6% from 2011.

• 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 $668.3 billion in 2012 (latest data available), up 5.3% from 2011.

• 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.

5/13/14