Exports are a crucial component of the American economy, providing jobs and contributing to the country’s GDP. The United States is one of the world’s largest exporters, selling goods and services to countries around the globe. In this blog post, we will discuss America’s largest exports, including both manufactured products and raw goods.
Raw Goods
Raw goods are unprocessed natural resources that are essential for the production of finished goods. The United States is a major exporter of raw materials to countries around the world. Here are some of the largest raw goods exported by the United States:
Crude Oil
Crude oil is the most significant export by the United States. The country is now the world’s largest producer of oil, surpassing Saudi Arabia and Russia. The United States exported more than 3.3 million barrels per day in 2020, with Canada being the largest recipient. Other countries that import oil from the United States include Mexico, China, and Japan.
Crude oil is a vital resource for many industries, including transportation, manufacturing, and energy production. The United States has been able to increase its oil exports in recent years due to advancements in drilling and extraction technology.
Natural Gas
Natural gas is the second-largest raw good exported by the United States. The country has become a major producer of natural gas in recent years due to advancements in fracking technology. The United States exported more than 3.6 trillion cubic feet of natural gas in 2020, with Mexico being the largest recipient. Other countries that import natural gas from the United States include Japan, South Korea, and India.
Natural gas is an essential resource for many industries, including power generation, transportation, and manufacturing. The United States has been able to increase its natural gas exports in recent years due to its abundant reserves and competitive pricing.
Coal
Coal is another significant raw good exported by the United States. The country has vast coal reserves and exports coal to countries around the world. The United States exported more than 66 million short tons of coal in 2020, with India being the largest recipient. Other countries that import coal from the United States include Japan, South Korea, and Brazil.
Coal is an essential resource for many industries, including power generation, steel production, and cement manufacturing. The United States has been able to increase its coal exports in recent years due to its competitive pricing and the declining demand for coal domestically.
Corn
Corn is one of the largest agricultural exports by the United States. The country is the world’s largest producer of corn, and exports it to countries around the world. The United States exported more than $11 billion worth of corn in 2020, with Mexico being the largest recipient. Other countries that import corn from the United States include Japan, South Korea, and Colombia.
Corn is an essential crop for many industries, including food production, animal feed, and ethanol production. The United States has been able to increase its corn exports in recent years due to its high yields and competitive pricing.
Soybeans
Soybeans are another significant agricultural export by the United States. The country is the world’s largest producer of soybeans and exports them to countries around the world. The United States exported more than $21 billion worth of soybeans in 2020, with China being the largest recipient. Other countries that import soybeans from the United States include Mexico, Japan, and the Netherlands.
Soybeans are an essential crop for many industries, including food production, animal feed, and biodiesel production. The United States has been able to increase its soybean exports in recent years due to its high yields and competitive pricing.
Manufactured Products
Manufactured products are goods that have gone through some level of processing and transformation before being exported. The United States is a major exporter of manufactured products to countries around the world. Here are some of the largest manufactured products exported by the United States:
Cars
Cars are the largest manufactured product exported by the United States. The country is home to some of the world’s leading automobile manufacturers, such as General Motors, Ford, and Tesla. The United States exported more than $130 billion worth of cars in 2020, with Canada being the largest recipient. Other countries that import cars from the United States include China, Mexico, and Germany.
Cars are an essential mode of transportation for people around the world, and the United States has been able to increase its car exports in recent years due to its competitive pricing and high-quality manufacturing.
Aircraft
Aircraft are another significant manufactured product exported by the United States. The country is home to some of the world’s leading aircraft manufacturers, such as Boeing and Lockheed Martin. The United States exported more than $100 billion worth of aircraft in 2020, with Canada being the largest recipient. Other countries that import aircraft from the United States include China, Japan, and the United Kingdom.
Aircraft are essential for both civilian and military purposes, and the United States has been able to increase its aircraft exports in recent years due to its advanced technology and high-quality manufacturing.
Refined Petroleum
Refined petroleum products are another significant export by the United States. The country has a robust refining industry, which produces a variety of products, such as gasoline, diesel fuel, and jet fuel. The United States exported more than $56 billion worth of refined petroleum products in 2020, with Mexico being the largest recipient. Other countries that import refined petroleum products from the United States include Canada, Brazil, and the Netherlands.
Refined petroleum products are essential for many industries, including transportation, manufacturing, and energy production. The United States has been able to increase its refined petroleum exports in recent years due to its competitive pricing and high-quality refining processes.
Pharmaceuticals
Pharmaceuticals are another significant manufactured product exported by the United States. The country is home to some of the world’s leading pharmaceutical companies, such as Pfizer, Johnson & Johnson, and Merck. The United States exported more than $50 billion worth of pharmaceuticals in 2020, with Canada being the largest recipient. Other countries that import pharmaceuticals from the United States include Mexico, China, and Japan.
Pharmaceuticals are essential for treating and preventing diseases around the world, and the United States has been able to increase its pharmaceutical exports in recent years due to its advanced research and development capabilities.
Computer and Electronic Products
Computer and electronic products are another significant manufactured product exported by the United States. The country is home to some of the world’s leading technology companies, such as Apple, Microsoft, and Intel. The United States exported more than $100 billion worth of computer and electronic products in 2020, with Mexico being the largest recipient. Other countries that import computer and electronic products from the United States include China, Canada, and Japan.
Computer and electronic products are essential for many industries, including telecommunications, manufacturing, and healthcare. The United States has been able to increase its computer and electronic product exports in recent years due to its advanced technology and high-quality manufacturing.
Conclusion
The United States is one of the world’s largest exporters of both raw goods and manufactured products. The country’s exports are essential for many industries around the world, providing jobs and contributing to the global economy. From crude oil and natural gas to cars and pharmaceuticals, the United States exports a diverse range of goods that are vital to the global market. With advancements in technology and manufacturing processes, the United States is well-positioned to continue increasing its exports in the years to come.