Some items, like clothing, appliances, and plastic toys, are generally cheaper to buy from foreign countries. That’s because materials and labor tend to cost less in those places than they do in the U.S. Other items, like cocoa beans for chocolate, are only found in limited quantities domestically.
The U.S. can buy all these products because it has the biggest economy of any country. “That’s like being the richest person in the neighborhood,” says Stephen Day. He’s an economist at Virginia Commonwealth University.
Not everything the U.S. imports is ready for stores when it gets here. Many goods are components that U.S. manufacturers use to create other products. For example, a U.S. car company might import steel from Canada and tires from Brazil.
Americans also sell goods and services to countries such as Canada, Mexico, and South Korea. The U.S. is the world’s second-biggest manufacturer and exporter, after China.
The movement of imports and exports connects nations, Day says. “The more we trade, the more interdependent we become,” he explains. “Countries specialize in what they do best and trade for the rest.”
So what exactly are we buying—and from where? Take a closer look at the top five sources of U.S. imports last year.