7 US Top Exports That You Should Know About
The United States is one of the world’s largest exporters, selling goods and services to other countries worth over $2 trillion in 2022. But what are the main products that the US exports, and who are its main trading partners? In this article, we will explore the top 7 US exports by value, and how they contribute to the US economy and global trade.
1. Mineral fuels including oil: $378.6 billion (18.4% of total exports)
The US is a major producer and exporter of oil and gas, thanks to its abundant natural resources and technological innovation. The US exported refined petroleum oils, crude oil, petroleum gases, coal, coke, and other mineral fuels to countries such as Canada, Mexico, China, Japan, South Korea, Netherlands, Brazil, India, and Singapore. These exports accounted for 18.4% of the total US exports in 2022, making them the largest export category by far.
2. Machinery including computers: $229.6 billion (11.1% of total exports)
The US is also a leader in manufacturing and exporting various types of machinery and equipment, such as industrial machines, engines, turbines, pumps, generators, computers, printers, scanners, and other electronic devices. These products are essential for many industries and sectors, such as agriculture, construction, mining, transportation, communication, health care, education, and entertainment. The US exported machinery and computers to countries such as Canada, Mexico, China, Germany, United Kingdom, Japan, South Korea, Netherlands, France, and Australia. These exports represented 11.1% of the total US exports in 2022.
3. Electrical machinery and equipment: $197.7 billion (9.6% of total exports)
Another major export category for the US is electrical machinery and equipment, which includes products such as electric motors, transformers, batteries, wires, cables, switches, circuit boards, semiconductors, integrated circuits, solar panels, lighting fixtures, and other electrical components. These products are widely used in various applications and industries, such as power generation and distribution, telecommunications, information technology, automotive electronics, consumer electronics, and renewable energy. The US exported electrical machinery and equipment to countries such as Mexico, Canada, China, Germany, Japan, South Korea, United Kingdom, Netherlands, France, and Taiwan. These exports accounted for 9.6% of the total US exports in 2022.
4. Vehicles: $134.9 billion (6.5% of total exports)
The US is also a major exporter of vehicles, such as cars, trucks, buses, motorcycles, and parts and accessories. These products are important for transportation, mobility, and trade. The US exported vehicles to countries such as Canada, Mexico, China, Germany, United Kingdom, Japan, South Korea, Saudi Arabia, Australia, and Belgium. These exports represented 6.5% of the total US exports in 2022.
5. Aircraft and spacecraft: $102.8 billion (5% of total exports)
The US is a global leader in aerospace engineering and manufacturing, producing and exporting aircrafts, elicopters, drones, rockets, satellites, and parts and accessories. These products are vital for aviation, defense, space exploration, and scientific research. The US exported aircrafts and spacecrafts to countries such as China, Canada, United Kingdom, Japan, France, Germany, South Korea, Singapore, Australia, and United Arab Emirates. These exports accounted for 5% of the total US exports in 2022.
6. Optical technical medical apparatus: $99.1 billion (4.8% of total exports)
The US is also a pioneer in developing and exporting optical technical medical apparatus such as lenses cameras microscopes telescopes lasers surgical instruments dental equipment medical devices and diagnostic tools. These products are essential for vision photography science engineering health care and education. The US exported optical technical medical apparatus to countries such as Canada Mexico China Germany Japan United Kingdom Netherlands France South Korea and Belgium. These exports represented 4.8% of the total US exports in 2022.
7. Gems precious metals: $92.5 billion (4.5% of total exports)
The US is also a major exporter of gems precious metals such as gold silver platinum palladium diamonds pearls jewelry and coins. These products are valuable for investment trade fashion and culture. The US exported gems precious metals to countries such as Switzerland Hong Kong India Canada United Kingdom China Turkey United Arab Emirates Singapore and Italy. These exports accounted for 4.5% of the total US exports in 2022.
The US is a diverse and dynamic exporter of goods and services to the world contributing to its economic growth employment innovation and competitiveness. The top 7 US exports by value in 2022 were mineral fuels including oil machinery including computers electrical machinery and equipment vehicles aircraft and spacecraft optical technical medical apparatus and gems precious metals. These products reflect the US’s strengths in natural resources technology manufacturing and design. The US exported these products to various countries across different continents and regions such as Canada, Mexico, China, Japan, South Korea, Germany ,United Kingdom ,Netherlands ,France and Switzerland. These countries are the US’s main trading partners and allies.
US Top Exports: Trends and Outlook
The United States is one of the world’s largest exporters, selling a variety of goods and services to other countries. In 2022, the US exported $2.061 trillion worth of goods, representing a 23.8% increase from 2018 and a 17.6% increase from 2021. The main export categories were mineral fuels, machinery, electrical equipment, vehicles, aircraft, optical and medical apparatus, gems and precious metals, pharmaceuticals, plastics, and organic chemicals. These 10 categories accounted for 70.4% of the total value of US exports in 2022.
Mineral Fuels: The Fastest Growing Export Category
Mineral fuels, including oil, gas, coal, and refined petroleum products, were the top export category for the US in 2022, with a value of $378.6 billion. This category grew by 57.5% since 2021, reflecting the recovery of global demand and prices for energy commodities after the COVID-19 pandemic. The US is a major producer and exporter of crude oil, petroleum gas, and refined petroleum products, mainly to its North American neighbors Canada and Mexico, as well as to China, Japan, South Korea, Brazil, India, and Singapore.
Machinery: The Second Largest Export Category
Machinery, including computers, engines, turbines, pumps, generators, and other industrial equipment, was the second largest export category for the US in 2022, with a value of $229.6 billion. This category grew by 11.1% since 2021, reflecting the increased demand for capital goods and technology products from other countries. The US is a leading exporter of machinery and computers to Canada, Mexico, China, Germany, Netherlands, South Korea, United Kingdom, France, and Singapore.
Electrical Equipment: The Third Largest Export Category
Electrical equipment, including integrated circuits, microchips, batteries, solar panels, lighting fixtures, and other electronic components and devices, was the third largest export category for the US in 2022, with a value of $197.7 billion. This category grew by 9.6% since 2021, reflecting the continued innovation and competitiveness of the US electronics industry. The US is a major exporter of electrical equipment to Mexico, China, Canada, South Korea, Japan, Germany, Malaysia, Taiwan, and Singapore.
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.worldstopexports.com/united-states-top-10-exports/
https://en.wikipedia.org/wiki/List_of_exports_of_the_United_States
https://www.shippingsolutions.com/blog/top-us-exports
https://oec.world/en/profile/country/usa/
https://tradingeconomics.com/united-states/exports
https://en.wikipedia.org/wiki/List_of_exports_of_the_United_States
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