What are the main exports of the United States? Top 10 US Export Products

14 June 2018
US Export Products

The USA economy is highly developed mixed economy. It is the world’s largest economy by nominal GDP and 2nd largest by purchasing power parity. Also, US economy is 25% of the gross world product. The United States is world’s second largest exporter of goods after China. USA exports of goods to the world worth USD 1546 billion in 2017 which accounted for 8.9% of the global exports. The country has increased its exports by 7% during 2016-17. Petroleum oil, motor car and telephone sets are the top export commodities of the United States. As per USA trade report, Canada, Mexico and China are the main export destinations for USA products. Refer the below table to check the top 10 USA export products with their HS Code and value recorded in 2017.



HS Code

Product

Value (USD Billion)

HS Code 84

Machinery

209

HS Code 85

Electrical Machinery

163

HS Code 27

Mineral Fuels & Oils

138

HS Code 87

Vehicles

130

HS Code 90

Optical

86

HS Code 39

Plastics

61

HS Code 71

Precious Stone

60

HS Code 30

Pharmaceutical

45

HS Code 29

Organic Chemicals

36

HS Code 38

Chemical Products

27

 

Let’s take a comprehensive look at the detailed analysis of 10 major exports of the United States and their values recorded in 2017.


Machinery & Mechanical Appliances


Machinery is one of the largest and competitive sectors of the United States manufacturing economy. Machinery industry provides essential and high technology for other manufacturing and services industries. USA exports of machinery equipment to the world worth USD 209 billion in 2017 and stood as world’s 3rd largest supplier country. Automatic data processing machines and machinery equipment have been exported most by the USA under this product category which comes under HS Code 84. Mexico and Canada are the biggest export destinations for USA machinery products.


Electrical Machinery and Equipment


USA is the 3rd largest exporter of electrical machinery in the world after China and Hong Kong. It accounted 6.7% value of the global exports of this product and recorded USD 163 billion in 2017. Mexico, Canada, Hong Kong and China are the top markets purchasing US machinery products. The export products in this group include processor, reception machines, mobile phones, EICs, memories etc. and these are classified under HS Code 85. The country has maintained its electronics exports sales for last five years and the export just decline by 1% value between 2013 and 2017.


Mineral Fuels & Oils


USA is a major exporter of energy sector products in the world after Russia and Saudi Arabia. Most of the products in this sector are derived from mineral fuels & oils and categorized under HS Code 27.  Petroleum oil, natural gas, coal, renewable energy and nuclear power electric are the primary energy sources for USA energy industry. Electricity is a secondary energy source that is generated from primary energy sources. The United States is also a second largest energy consumer in the world after China. USA exports of mineral fuels & oils stood at USD 138.01 billion in 2017 which represented 7.2% value of the global exports of this product.


Vehicles


The United States is the second largest vehicle manufacturer as well as third largest exporter in the world. USA exports of vehicle to the world worth USD 130.09 billion in 2017 and accounted for 9.1% of the global exports of this product. In import export business, vehicles and its accessories are classified under HS Code 87. Motor cars and vehicle accessories have been exported most by the country and together they recorded 75% value of the vehicle exports. USA is majorly exporting motor vehicles to Canada, Mexico and China.


Optical, photographic & cinematographic


Optical, photographic & cinematographic and medical & surgical instruments are classified under HS Code 90. For these products, the USA is the world’s top exporter. USA exports of optical to the global countries stood at USD 86.45 billion in 2017 which was 14.2% of the global exports. In this category, the instruments used for medical & surgical which come under HS Code 9018 recorded highest exports with 30% of value in the said year. China, Canada, Mexico and Japan are the biggest export partners of the USA for these products.


Plastics


Plastics is the 3rd largest manufacturing industry in the United States. The country is also a major exporter of plastics and recorded USD 61.50 billion in 2017 which represented 10.4% of the total export value. When compared with manufacturing as a whole, the plastic industry makes a trade surplus as USD 6.61 billion in the said year. The top US export products in this category include ethylene polymers, plastic articles, polyacetals, foil & strip etc. Mexico and Canada are the main markets purchasing plastics from the United States.


Natural Pearls & Precious Stone


The United States is one of the richest countries in the world exporting natural pearls and ornaments to the global market. It is third major exporter of natural pearls & precious stones (HS Code 71) and recorded USD 60.40 billion in 2017. USA exports of these products accounted for 9.7% of the global exports. The country is also a big exporter of gold, diamonds and jewellery as it also exports precious metal waste, platinum, silver, coins etc. Hong Kong, Switzerland, India and United Kingdom are the biggest export markets of the United States.


Pharmaceutical Products


USA is the free-pricing market for pharmaceuticals in the world and has high per capita incomes and high rates of chronic diseases & drug consumption. US Pharma exports to the world worth USD 45.05 billion in 2017 which was 8.5% of the global pharma exports. It has seen a rise in pharma exports by 3% of value between 2013 and 2017. The US top pharmaceutical product includes human & animal blood for therapeutic and medicaments including mixed/unmixed products which classified HS Code 3002. Belgium, Netherlands, Japan and Canada are the buyers of US pharma.


Organic Chemicals


USA is the second largest exporter of organic chemicals in the world and accounted for 9.7% of the global exports. USA exports of organic chemicals to the world worth USD 36.16 billion in 2017. The US organic chemical manufacturing industry has experienced economic challenges in recent years and the industry exports have declined consistently with 7% value between 2013 and 2017. The top export products of this industry are cyclic hydrocarbons, hormones, ethers, heterocyclic compounds, acyclic hydrocarbons and acyclic alcohols. Mexico, Canada, China and Belgium are the top US export partners of organic chemicals (HS Code 29).


Miscellaneous Chemical Products


The United States is the largest producer as well as exporter of chemical products globally. US chemical products export worth USD 27.71 billion in 2017 and represented 14.8% of the world’s exports of this product. Canada, Mexico and China are the top destination markets for US chemical exports and together their purchased worth 36% value of the total output. The laboratory reagents, reaction initiators, insecticides, fungicides etc. are the top export commodities in this category.


We have discussed above the analysis of 10 major exports of the United States. The USA is biggest market for both export and import. To import any product from USA, you just need to contact the genuine US suppliers. We at Export Genius will provide you the list of US supplier of your product as well as foreign buyers across the world. Here is the sample of US export data including the major data fields that we cover in our trade report.


Date

22 July 2017

Product Description

Mixed Plastic Scrap ; Ocean Freight: Prepaid Destination Doc Fee: Collect ITN X20170707249255

Origin Country

United States

Destination Country

Hong Kong

Departure port

The port of Los Angeles

Arrival Port

Port of Hong Kong

Quantity

40 Packages

Weight

10843 KGS

Shipper

First America Metal Corporation

Shipper Address

1000 E Armstrong Street Morris, IL 60450 Morris IL US 60450

Importers details

Available on purchase of data

 

The import details and shipments will be available on purchase of data. Buy our US export report and analyse your business as per the market trends. 


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Read Here Top 10 Import Products of the United States

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