UK: A strong and enduring trade relationship-US Trading Partners
It is marked by deep economic ties, robust services exchange, and mutual investment across key industries. The UK’s exports to the U.S. primarily consist of pharmaceuticals, vehicles, and machinery. the UK holds a prominent position in services trade, being the largest supplier of services to the U.S. in 2022, accounting for 10.4% of total U.S. service imports. the U.S. imported approximately $68.1 billion worth of goods from the UK in 2024.
Taiwan: strategically vital trade relationship, driven by strong technology and semiconductor ties that underpin key sectors of the American economy
Taiwan ranked among the United States’ top 10 import partners in 2024. According to data from the World Bank’s World Integrated Trade Solution (WITS), the U.S. imported approximately $68.1 billion worth of goods from Taiwan in 2024, placing it 10th among all import sources.
Taiwan is a critical supplier of high-tech components, particularly semiconductors, which are essential for various industries, including electronics, automotive, and defense. The U.S. relies heavily on Taiwan for advanced microchips, with companies like Taiwan Semiconductor Manufacturing Company (TSMC) playing a pivotal role in the global semiconductor supply chain.
Vietnam: An Emerging Trade Partner-US Trading Partners
Vietnam’s exports to the U.S. totaled $98.2 billion, reflecting its growing role in global supply chains. The country supplies textiles, electronics, and footwear, among other goods. Vietnam’s competitive labor costs and expanding manufacturing sector make it an attractive alternative for sourcing.
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