Us Export Statistics
Based on 2019 data, goods contribute 66%, or $1.7 trillion, to U.S. exports. In 2019, the total U.S. trade with foreign countries was $5.6 trillion. Kimberly Amadeo is an expert on U.S. and world economies and investing, with over 20 years of experience in economic analysis and business strategy. She is the President of the economic website World Money Watch.
Some of the crude oil that the U.S. imports is refined by U.S. refineries into petroleum products that the U.S. exports. Some of imported petroleum may be stored and subsequently exported.
Us Export Data
In 2019, the U.S. exports of scrap plastic amounted to a total of 1.45 billion pounds, compared to 4.5 billion pounds exported in 2015. In 2019, U.S. total annual energy exports exceeded total annual energy imports for the first time in 67 years, and the United States became a net total energy exporter. Total primary energy exports reached a record high of 23.5 quadrillion British thermal units and total primary energy imports were 22.8 quads, the lowest amount since 1995. In 2019, total U.S. energy exports were greater than total energy imports, and the United States became a net total energy exporter for the first time since 1952. Total U.S. annual primary energy net imports generally increased in most years since the mid-1950s and reached a record high in 2005, equal to about 30% of total U.S. energy consumption. Since 2005, annual energy imports decreased and energy exports increased.
Other private services, such asfinancial services, also add $136 billion. The next category is royalties and license fees at $117 billion. That was $2.5 trillion in exports and $3.1 trillion in imports of both goods and services. This is a list of U.S. states, U.S. territories, and the District of Columbia by exports of goods and imports of goods as of 2018. In 2019, the United States imported coal from about 14 countries, and nearly all of U.S. coal imports in 2019 were from five countries.
The US also imports $376 billion in automobiles and $151 billion in food and raw materials. Most of them are pharmaceuticals worth $149 billion and cell phones and televisions worth $132 billion. Keep reading the article to know about the major US imports and exports with the share they hold in the US economy.
Exports in the United States averaged 59761.49 USD Million from 1950 until 2021, reaching an all time high of USD Million in May of 2018 and a record low of 772 USD Million in March of 1950. This page provides the latest reported value for – United States Exports – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Exports – data, historical chart, forecasts and calendar of releases – was last updated on March of 2021. This is of concern for policy makers as it illustrates the reliance of the economy on low skilled manufacturing. The issue being that American manufacturing companies will compete in industries where they may often be priced out of the market by overseas manufacturers.
Overall Trade Restrictiveness Index (otri) 2009
Services make up one-third of U.S. exports ($876 billion), based on 2019 data. Food exports are falling since many countries don’t like U.S. food processing standards. That was a major block to the Obama administration’s negotiation of theTransatlantic Trade and Investment Partnership.
Tools to customize searches, view specific data sets, study detailed documentation, and access time-series data. American companies operate all over the world, from Europe to Asia. Some countries are more popular than others due to beneficial trade rules and shorter customs processes.
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But American companies still sold $2.3 trillion in goods and services to foreign businesses and consumers. Volumes of finished petroleum products include non-hydrocarbon compounds, such as fuel ethanol, biodiesel, additives, and detergents, that are blended into the products.
When you subscribe to USATrade Online, you can obtain monthly and annual trade statistics at the district and port level, as well as state exports. This powerful tool allows you to build customized reports and charts that will keep you on the leading edge of global competition. Everything you want to know about foreign trade statistics is here. What’s unique about this data is the information is compiled from automated forms and reports filed initially with the U.S. Customs Service or, in some cases, directly with the Census Bureau, for virtually all shipments leaving or entering the United States. The U.S. Census Bureau on Foreign Trade is the official source for U.S. import and export statistics.
Principal Federal Economic Indicators
Year-on-year, export prices jumped 5.2 percent in February, the largest over-the-year increase since June 2018. Exports account for a large share of the total volume of U.S. production for select agricultural products. For example, over 70 percent of the volume of U.S. production of tree nuts and cotton were exported in , as was more than 50 percent of rice and wheat production. Overall, the export share of U.S. agricultural production averaged 20 percent from 2011 to 2013 based on volume, the same average annual share since 2000.
The database provides projections for the coming year and historical data on major crop, livestock, fishery, and forest commodities from more than 200 countries. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income and transfer payments.
United States Minerals Exports And Imports
Next are chemical products, including chemical fertilizers and other sub-categories ($81 billion), fuel oil ($41 billion), and plastic ($37 billion). Capital goods comprise the largest portions of both U.S. exports and imports. U.S. coal exports reached a record high of 126 MMst in 2012, equal to 12% of U.S. coal production. In 2019, the United States exported about 93 MMst of coal—equal to about 13% of U.S. coal production—to at about 71 countries, and 53% of U.S. coal exports went to five countries.
The companies import computers and associated equipment worth $131 billion. It also imports $117 billion in telecommunications and semiconductors. US main export partners are Canada (USD 292.3 billion), Mexico (USD 256.3 billion), China (USD 106.6 billion), Japan (USD 74.6 billion) and United Kingdom (USD 69.1 billion). According to US customs data, these countries shared 48.6% to total exports. Production, Supply, and Distribution (PS&D) contains official USDA data on production, supply, and distribution of agricultural commodities for the United States and major importing and exporting countries.
Canada Remains The Top Destination For U S. Agricultural Exports In 2018
HGL exports, mainly propane, have increased substantially since 2008, and in 2019 represented about 21% of total gross petroleum exports. Almost half provided $262 billion in travel and transportation services. Then came Computer Services and other business services worth $161 billion. US manufacturers import manufactured goods worth $522 billion.
Crude oil accounts for the largest share of U.S. energy imports, and the United States remained a net importer of crude oil in 2019. However, in 2019, U.S. crude oil net imports were at the lowest level since the mid-1980s.
People can easily see, feel, and compare local and foreign products. They are more cautious when using services they prefer locals whom they know and trust.
Cbp Trade Statistics*
Please note the exports, imports and tariff data are based on reported data and not gap filled. As per US export data, the country is 2nd largest in terms of global exports. The United States shipped commodities worth USD 1,6451.1 billion in 2019, a gain of about 7.7% from the previous year. This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in oilseeds. 1Includes intellectual property rights , import safety, and other trade violation seizures.
Export Prices in the United States averaged 109.98 points from 1983 until 2021, reaching an all time high of 135.30 points in September of 2011 and a record low of 82.40 points in September of 1986. This page provides – United States Export Prices – actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Export Prices – data, historical chart, forecasts and calendar of releases – was last updated on March of 2021. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. Trade analysis helps any business to know about the latest trends, where to invest, and what trading business to choose. These exports include pharmaceuticals worth $55 billion, diamond jewelry worth $22 billion, and cell phones worth $27 billion.
Laurel Delaney is a former expert for The Balance Small Business, and is the founder and president of Global Trade Source, Ltd. Here’s a breakdown of the biggest U.S. export industries in 2017, according to the U.S. Short, timely articles with graphics on energy, facts, issues, and trends. Subscribe to feeds for updates on EIA products including Today in Energy and What’s New.
This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in grains. This monthly report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade in cotton.