Chart of Largest Sources of Imported Goods to the U.S.

This chart shows how, over the past 30 years, the composition of US trade among its major trading partners has changed dramatically. China became the largest supplier of US imports in 2009 until 2018.

Mexico overtook China as the second-largest supplier of imported goods into the US in 2023. A combination of new tariffs, (a tax on imported goods) and supply-chain disruptions reduced goods inflows from China. Starting in 2020, Mexico and Canada started boosting their manufacturing industries, which started the age of nearshoring, the practice of transferring a business operations to a nearby country.

This chart excludes import duties, freight, insurance, and other charges related to bringing the merchandise into the US.

Please contact The Siburg Company anytime to discuss your business’s strategic plans.

The Siburg Company specializes in sell-side and buy-side mergers and acquisitions, and M&A advisory services.

Contact us at (480) 502-2800