Table of Contents
What products does the US trade?
Top U.S. goods exports
- Food, beverage and feed: $133 billion.
- Crude oil, fuel and other petroleum products: $109 billion.
- Civilian aircraft and aircraft engines: $99 billion.
- Auto parts, engines and car tires: $86 billion.
- Industrial machines: $57 billion.
- Passenger cars: $53 billion.
- Pharmaceuticals: $51 billion.
What product does the US trade the most?
The biggest categories are pharmaceutical preparations ($61 billion), cell phones ($27 billion), and gem diamonds ($20 billion). Automobiles contribute 10% of all exported goods. In 2019, that was $162 billion. Just 8% of exported goods are foods, feeds, and beverages ($131 billion).
What is the US main trade?
Services Exports The United States is the largest services exporter in the world. In 2019, U.S. exports of services were $875.8 billion, up 1.6 percent ($13 billion) from 2018. U.S. exports of services account for 35 percent of overall U.S. exports in 2019.
What is the US number 1 export?
Searchable List of America’s Most Valuable Export Products
| Rank | US Export Product | YOY |
|---|---|---|
| 1 | Processed petroleum oils | -30.6% |
| 2 | Crude oil | -23% |
| 3 | Cars | -18.7% |
| 4 | Integrated circuits/microassemblies | +10.3% |
What are America’s exports?
Automotive industry
Food industryIndustrial Organic Chemicals, NECPharmaceutical Preparation
United States/Major exports
What does US trade with Mexico?
In 2020, Mexico was the second-largest supplier of foreign crude oil to the United States, as well as the largest export market for U.S. refined petroleum products and U.S. natural gas. Other top U.S. exports to Mexico include machinery, electrical machinery, vehicles, mineral fuels, and plastics.
What is the top US export?
Transportation equipment was the top commodity exported by the US last year, accounting for almost 18% of the country’s total exports. Petroleum and coal products are also among the top products exported by the United States.
What is the US known for?
The United States is by far the most famous country in the world. It’s famous for its attractions, such as the Grand Canyon, tech innovation, sports, and it has a large imprint on the global culture thanks to famous movies, television shows, and music.
What does the US trade with Japan?
In 2019, of the $74.7 billion in U.S. exports to Japan, the top commodity sectors were Chemicals, Plastics, and Leather goods (17.2%), Agriculture products (16.7%), Machinery, Mechanical Appliances and Electrical Equipment (15.5%).
How much does the U.S.Trade in goods?
U.S. goods trade totaled $3.9 trillion and U.S. services trade totaled $1.3 trillion. • Agricultural goods accounted for $264 billion in total (two way) U.S. trade during 2017.
What are the imports and exports of the United States?
Banking and insurance is $69 billion. Last but not least is government service imports at $23 billion. Since the United States imports more than it exports, its trade deficit is $621 billion. Even though America exports billions in oil, consumer goods, and automotive products, it imports even more.
What makes up the trade deficit in the United States?
The United States imports more than it exports. The 2019 U.S. trade balance is negative, showing a deficit of $617 billion. Capital goods comprise the largest portions of both U.S. exports and imports. The United States exports more services than it imports.
Why is trade important to the United States?
Trade is critical to America’s prosperity – fueling economic growth, supporting good jobs at home, raising living standards and helping Americans provide for their families with affordable goods and services. The U.S. is the world’s largest trading nation, with exports of goods and services of nearly $2.3 trillion in 2013.