Oceania Trade Lane
The United States has a strong trade relationship with the countries of Oceania, which includes Australia, New Zealand, and several Pacific Island nations.
The U.S. exports a wide range of goods to Oceania, including agricultural products, machinery, and transportation equipment.
In return, the U.S. imports a variety of goods from Oceania, including minerals, agricultural products, and manufactured goods.
The U.S. has a positive trade balance with Oceania, with exports to the region exceeding imports.
In 2020, the U.S. exported $5.5 billion worth of goods to Oceania, while importing $4.9 billion worth of goods from the region.
The U.S. and Australia have a long-standing trade relationship and are major trading partners.
The U.S. is Australia's second-largest trading partner, and Australia is the U.S.'s 12th-largest.
The U.S.-Australia Free Trade Agreement, which came into force in 2005, has helped to further strengthen trade ties between the two countries.
New Zealand is also a significant trading partner of the U.S., with the two countries having a positive trade balance.
The U.S. is New Zealand's third-largest trading partner, and New Zealand is the U.S.'s 25th-largest.
In addition to trade in goods, the U.S. and Oceania also have a strong trade relationship in services.
The U.S. is a significant source of foreign investment in Oceania, and the region is a major market for U.S. services exports.
Overall, the U.S. and Oceania have a strong and diverse trade relationship that continues to grow and strengthen.