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What does the US import from Asia?

What does the US import from Asia?

Overall, U.S. imports from ASEAN account for 7.3 percent of U.S. imports. In 2018, top U.S. imports from Southeast Asia were electrical machinery ($52.9 billion), garments (about $29.8 billion), machinery ($23.3 billion), and raw materials and agricultural products ($13.2 billion).

What are the main exports from Asia?

Asia’s Major Exported Products

  • Integrated circuits/microassemblies. $540.1 billion.
  • Phone system devices including smartphones. $423.7 billion.
  • Crude oil. $421.3 billion.
  • Processed petroleum oils. $284.6 billion.
  • Computers, optical readers. $219.2 billion.
  • Cars. $185 billion.
  • Gold (unwrought)
  • Automobile parts/accessories.

What is the biggest export from Asia?

China is top exporter country in the Asian continent, which shared 31.2% value to Asia’s total exports in 2018….22 January 2020.

Continent Value in US$ %
Asia 41.4
Europe 37.5
North America 13.5
South America 2.9

What percentage of US imports are from Asia?

Imports from China totaled 994,431 TEU, up 15.5 percent year over year. Imports from Asia in 2020 accounted for 67.4 percent of total US imports from the world, and imports from China accounted for 42.1 percent of total US imports, according to PIERS. Click to enlarge.

How much do we export from Asia?

That dollar amount for the Asian aggregation of countries reflects an 11.5% increase since 2016 exported goods from Asia totaled $6.506 trillion. From 2019 to 2020, the overall value of Asia’s exported goods dropped by -5.8%.

How big is Asia’s GDP?

Calculated using statistics from the International Monetary Fund’s World Economic Outlook Database, the total Gross Domestic Product (GDP) for selected Asian countries on a Purchase Power Parity (PPP) basis amounted to roughly $64 trillion for 2020.

Which countries’ exports have declined the most in 2019?

Leading the annual decliners since 2019 were Palestine (down -86.1%), North Korea (down -66.9%) and Iran (down -61.7%). Exports from Asia’s largest economy China racked up a respectable 3.7% gain year over year. Central Intelligence Agency, The World Factbook Field Listing: Exports and World Population, Central Intelligence Agency.