According to the foreign media on July 6, 14 of the 50 largest trading partners of the United States saw a drop of more than 40% in trade volume with the United States.

According to the data released by the U.S. Census Bureau on July 2, among the 50 largest trading partners in the United States, the volume of trade with the United States dropped by more than 40% in May, reaching an astonishing 14. Seven of them fell by more than 50%, one of them by more than 60%. At present, the impact of the new epidemic on the global economy is becoming more and more serious.

According to the report, these trading partners are widely distributed, including countries and regions from North America, South America, Europe, the Middle East and Asia. It was either the new coronavirus pandemic that broke down trade between the United States and them, or the resulting sharp drop in oil prices.

In May, the total trade volume of the United States decreased by 29.83% year-on-year.

According to the report, the decline was significantly larger than a month ago, with the trade volume falling by 20.91% in April and nearly quadrupling compared with the decline in March, with the trade volume falling only 7.65% in March.

It is reported that the trade volume between Switzerland and the United States has more than doubled, by 120.81%, making Switzerland the fourth largest trading partner of the United States after China, Canada and Mexico. The increase in trade volume was due to an increase of more than 1700% in US gold imports, indicating that investors are looking for safe havens. The trade volume between Hong Kong and the United States increased by 26.90%.

However, the list of countries with a significant decline in trade volume with the United States is very long, including: Canada, the second largest trading partner of the United States, fell by 44.56%; Mexico, its third largest trading partner, fell by 53.58%; Italy, its fourteenth largest trading partner, fell by 43.02%; France, its 16th largest trading partner, dropped by 51.73%; India, its 21st largest trading partner (which was the eighth largest trading partner of the United States a year ago), dropped by 61.1% 6%……

In May, the trade volume of the top 50 trading partners accounted for more than 96% of the total trade volume of the United States.