7 Reasons to Buy from US Exporters: A Comprehensive Guide
Are you looking for reliable and high-quality products to import? Do you want to diversify your supply chain and reduce your risks? If so, you should consider buying from US exporters.
The United States is one of the world’s largest and most diverse economies, with a wide range of goods and services to offer. Whether you need industrial supplies, capital goods, consumer goods, automotive vehicles, or food and beverages, you can find them among the US exports.
In this article, we will show you seven reasons why buying from US exporters can benefit your business. We will also provide you with a list of some of the top US exporters and their products, as well as some trustworthy hyperlinks as references.
1. Quality and Innovation
One of the main advantages of buying from US exporters is the quality and innovation of their products. The United States is a global leader in research and development, spending more than $600 billion on R&D in 2020, according to the National Science Foundation. This investment translates into cutting-edge technologies, advanced manufacturing processes, and high standards of quality control.
US exporters are also known for their innovation and creativity, constantly developing new products and improving existing ones to meet the changing needs and preferences of customers. For example, some of the top US exports in 2020 were refined petroleum, petroleum gas, crude oil, cars, and integrated circuits, according to the Observatory of Economic Complexity. These products reflect the US expertise in energy, automotive, and electronics sectors.
2. Diversity and Variety
Another reason to buy from US exporters is the diversity and variety of their products. The United States is a large and heterogeneous country, with different regions, climates, cultures, and resources. This means that US exporters can offer a wide range of products that suit different markets and niches.
For instance, if you are looking for food products, you can find everything from soybeans, corn, wheat, dairy products, meat, poultry, fruits, vegetables, nuts, fish, shellfish, bakery products, alcoholic beverages, wine, beer, and more among the US exports. These products come from different states and regions, each with its own characteristics and specialties.
3. Reliability and Reputation
A third reason to buy from US exporters is their reliability and reputation. The United States is a stable and prosperous country, with a strong legal system, a transparent business environment, and a robust infrastructure. These factors ensure that US exporters can deliver their products on time, in good condition, and with minimal risks.
US exporters also have a good reputation in the international market, as they are known for their professionalism, integrity, and customer service. They adhere to high ethical standards and comply with international laws and regulations. They also value long-term relationships with their customers and strive to provide them with the best value and satisfaction.
4. Compatibility and Convenience
A fourth reason to buy from US exporters is their compatibility and convenience. The United States is a major player in the global economy, with strong trade ties and agreements with many countries and regions. This means that US exporters can offer their products with minimal barriers and tariffs, making them more competitive and affordable.
US exporters are also compatible with many international standards and norms, such as ISO (International Organization for Standardization), ASTM (American Society for Testing and Materials), UL (Underwriters Laboratories), CE (Conformité Européenne), FCC (Federal Communications Commission), FDA (Food and Drug Administration), USDA (United States Department of Agriculture), EPA (Environmental Protection Agency), etc. These standards ensure that US products meet the quality and safety requirements of different markets.
US exporters are also convenient for customers who prefer to communicate in English or Spanish, as these are the two most widely spoken languages in the United States. They can also provide customer support in other languages if needed.
5. Flexibility and Customization
A fifth reason to buy from US exporters is their flexibility and customization. The United States is a dynamic and competitive market, where customers demand high levels of customization and personalization. This means that US exporters are adept at tailoring their products to meet the specific needs and preferences of their customers.
US exporters can offer various options for customization, such as size, color, shape, design, logo, packaging, labeling, etc. They can also accommodate special requests or orders, such as bulk quantities, rush deliveries, drop shipping, etc. They can also work with customers to develop new or improved products, based on their feedback or suggestions.
6. Support and Service
A sixth reason to buy from US exporters is their support and service. The United States is a customer-oriented culture, where customer satisfaction is paramount.This means that US exporters are committed to providing excellent support and service to their customers, before, during, and after the sale.
US exporters can provide various types of support and service, such as:
Technical support: US exporters can provide technical assistance, guidance, and troubleshooting for their products, either online or offline. They can also provide manuals, instructions, videos, or other resources to help customers use their products effectively.
Warranty and guarantee: US exporters can provide warranty and guarantee for their products, covering defects, damages, or malfunctions. They can also provide repair or replacement services if needed.
Returns and refunds: US exporters can provide returns and refunds for their products, if customers are not satisfied with them for any reason. They can also provide exchanges or credits if preferred.
Feedback and reviews: US exporters can provide feedback and reviews for their products, either from themselves or from other customers. They can also solicit feedback and reviews from their customers,
to improve their products and services.
7. Opportunity and Growth
A seventh reason to buy from US exporters is the opportunity and growth that they offer. The United States is a large and growing market, with a population of over 330 million people and a GDP of over $21 trillion in 2020, according to the World Bank. This means that US exporters have access to a huge and diverse customer base, with high purchasing power and demand.
Buying from US exporters can also open up new opportunities and growth for customers, as they can benefit from the US market trends, innovations, and best practices. They can also leverage the US network and connections, to expand their business and reach new markets.
Top US Exporters and Their Products
To give you an idea of some of the top US exporters and their products, here is a list of some of the major American export companies and their main products, according to World’s Top Exports:
- AbbVie: Pharmaceuticals
- Apple: Computer hardware
- Boeing: Aerospace
- Chevron Corporation: Oil, gas
- Cisco Systems: Communications equipment
- ConocoPhillips: Oil, gas
- Eli Lilly and Company: Pharmaceuticals
- Exxon Mobil: Oil, gas
- Ford Motor Company: Cars
- General Electric: Industrial machinery
- General Motors: Cars
- Google: Internet services
- Intel Corporation: Integrated circuits
- Johnson & Johnson: Pharmaceuticals
- Merck & Co.: Pharmaceuticals
- Microsoft Corporation: Software
- Pfizer Inc.: Pharmaceuticals
- Procter & Gamble: Consumer goods
- Qualcomm Inc.: Integrated circuits
- Tesla Inc.: Cars
Buying from US exporters can offer many benefits for your business, such as quality, innovation, diversity, variety, reliability, reputation, compatibility, convenience, flexibility, customization, support, service, opportunity, and growth. Whether you need industrial supplies, capital goods, consumer goods, automotive vehicles, or food and beverages, you can find them among the US exports.
List of US Exporters: A Statistical Analysis
The United States is one of the world’s largest exporters of goods and services, with exports accounting for about 10% of its gross domestic product (GDP) in 2020. In this blog post, we will examine the trends and patterns of US exports in 2020, using data from various sources, such as the Bureau of Economic Analysis (BEA), the Census Bureau, and the Observatory of Economic Complexity (OEC).
Top Export Categories and Commodities
According to the BEA, the total value of US exports of goods and services in 2020 was $2.13 trillion, down by 15.7% from $2.53 trillion in 2019. This decline was mainly due to the effects of the COVID-19 pandemic on global trade and demand. The top five categories of US exports in 2020 were:
- Industrial supplies and materials ($470.6 billion, 22.1% of total exports)
- Capital goods ($428.9 billion, 20.1% of total exports)
- Services ($697.1 billion, 32.7% of total exports)
- Consumer goods ($201.6 billion, 9.5% of total exports)
- Automotive vehicles, parts, and engines ($132.7 billion, 6.2% of total exports)
The top five commodities exported by the US in 2020 were:
- Refined petroleum ($83.3 billion, 3.9% of total exports)
- Petroleum gas ($70.9 billion, 3.3% of total exports)
- Crude petroleum ($67.6 billion, 3.2% of total exports)
- Cars ($55.4 billion, 2.6% of total exports)
- Integrated circuits ($51.3 billion, 2.4% of total exports)
Top Export Destinations
The top export destinations for US goods and services in 2020 were:
- Canada ($258.6 billion, 12.1% of total exports)
- Mexico ($246.8 billion, 11.6% of total exports)
- China ($150.8 billion, 7.1% of total exports)
- Japan ($71.8 billion, 3.4% of total exports)
- South Korea ($66.4 billion, 3.1% of total exports)
The top five export markets accounted for 37.2% of total US exports in 2020.
Top Exporting Companies
According to the JOC Top 100 US Exporter Rankings for 2020, the top five US exporting companies by volume (in twenty-foot equivalent units or TEUs) were:
- Koch Industries (283,286 TEU, 2% of total US exports)
- International Paper (177,000 TEU, 1.2% of total US exports)
- Procter & Gamble (155,000 TEU, 1% of total US exports)
- Dow Chemical (140,000 TEU, 1% of total US exports)
- ExxonMobil (135,000 TEU, 0.9% of total US exports)
The top five exporting companies accounted for 5.9% of total US export volume in 2020.
In summary, US exports declined significantly in 2020 due to the impact of the COVID-19 pandemic on global trade and demand. The main categories and commodities exported by the US were industrial supplies and materials, capital goods, services, consumer goods, and automotive vehicles, parts, and engines. The main destinations for US exports were Canada, Mexico, China, Japan, and South Korea. The main exporting companies by volume were Koch Industries, International Paper, Procter & Gamble, Dow Chemical, and ExxonMobil.
References:
https://www.census.gov/foreign-trade/Press-Release/2020pr/ft900_2012.pdf
https://atlas.media.mit.edu/en/visualize/tree_map/hs92/export/usa/all/show/2016/
https://www.worldcat.org/issn/0099-9660
https://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services
https://oec.world/en/profile/country/usa/
https://www.trade.gov/report/2020-ita-us-exporter-database
https://en.wikipedia.org/wiki/List_of_exports_of_the_United_States
https://oec.world/en/profile/country/usa/
https://tradingeconomics.com/united-states/exports
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