USA Trade Data

IMPORT

USA EXPORT DATA

While the USA, or the United States of America, is a multinational nation, a significant portion of its territory is located in North America. 50 states plus one federal district make up the nation. Given its status as the most developed country globally, the USA is undoubtedly a powerhouse. Based on land area, the United States ranks second largest country in North America. With a total land area of about 9,831,510 km^2, the United States maintains its 4th place ranking in the world rankings. According to the US export data, the US exported a total of $2.06 trillion in 2022, with an increase of 17.6% from 2021. According to recent US export data, the US exported a total of $171 billion in September 2023. Despite being the third-largest exporter in the world, the United States' GDP is barely 10% of its exports. In today's interconnected global economy, understanding trade trends and patterns is crucial for businesses, policymakers, and investors alike. US export data provides invaluable insights into the health and direction of the United States' trade relations with the rest of the world. Let us delve into key aspects of US export data, including its significance, sources, and implications for 2022.

Based on the US export data, the top 10 export partners of the US in 2022 included Canada (17.2%), Mexico (15.7%), China (7.46%), Japan (3.89%), United Kingdom (3.74%), Netherlands (3.53%), Germany (3.51%), Korea (3.46%), Brazil (2.59%), and India (2.29%). Canada was the biggest exporter of the US in 2022 with an export value of $354 billion in total. The top 10 export partners in September 2023 included Canada ($29.68 billion), Mexico ($27.56 billion), China ($11.83 billion), Germany ($6.73 billion), Japan ($6.71 billion), Netherlands ($6.29 billion), United Kingdom ($5.99 billion), South Korea ($5.91 billion), Singapore ($4.10 billion), and Brazil ($3.67 billion). Canada was the largest export partner of the US in September 2023.

01

RANK IN WORLD EXPORT

13.35%

SHARE IN WORLD EXPORT TRADE

CHINA

BIGGEST EXPORT PARTNER

cars

MAJOR EXPORTS

What is US Export Data and Why is it Important?

US export data refers to detailed information on the goods and services that the United States sells to other countries. It captures various aspects such as the type of commodity, HS code, destination country, quantity, value, and mode of transportation. This data plays a pivotal role in monitoring and analyzing international trade flows, supporting policymaking, and aiding business decisions. Understanding US export data is of paramount importance for several reasons. Firstly, it helps identify emerging markets and sectors that offer export opportunities for US businesses.

Secondly, US export data sheds light on the competitiveness of American industries in the global market. By examining the export performance of different sectors, policymakers can identify areas of strength and weakness, allowing them to implement targeted policies to enhance competitiveness and foster economic growth. According to the customs database[] report on US exports, the country exported $2.06 trillion in 2022, with an increase of 17.6% as compared to 2021.

Key Components of US Export Data

Date of shipment

Name of US exporter

Product Description

Destination Country

HS Code

Quantity value

Unit port

US EXPORT DATA
DATE	31-Jul-22	B/L NUMBER	CMDUNAM5380008
EXPORTER NAME	EXXONMOBIL TX
HTS CODE	2710.34.03
PRODUCT DESCRIPTION	1X40ST CONTAINER: CASES M JET OIL II CASE 24X1UQL PETROLEUM LUBRICATING OIL
QUANTITY	720	UNIT	PACKAGE
WEIGHT IN KGM	18706.32	CONTAINER QTY	1
PORT OF LOADING	NEW ORLEANS	PORT OF UNLOADING	SINGAPORE
ORIGIN COUNTRY	UNITED STATES	DESTINATION COUNTRY	SINGAPORE

Top 10 Exports of the US

The top 10 exports of the US according to the US export data for 2023(September) are:

Mineral fuels and mineral oils: ($27.12 billion)

Nuclear reactors, boilers, and machinery: ($19.62 billion)

Electrical machinery and equipment: ($17.20 billion)

Vehicles: ($13.64 billion)

Aircraft, spacecraft, and parts thereof: ($11.29 billion)

Optical, measuring, and medical instruments: ($8.72 billion)

Natural or cultured pearls, precious or semi-precious stones: ($7.29 billion)

Pharmaceutical products: ($7.26 billion)

Plastics and articles thereof: ($6.50 billion)

Organic chemicals: ($4.85 billion)

Top 10 Export Partners of the US in September 2023

According to the US export data, the top 10 export partners of the US in 2023 include:

Canada: ($29.68 billion)

Mexico: ($27.56 billion)

China: ($11.83 billion)

Germany: ($6.73 billion)

Japan: ($6.71 billion)

Netherlands: ($6.29 billion)

United Kingdom: ($5.99 billion)

South Korea: ($5.91 billion)

Singapore: ($4.10 billion)

Brazil: ($3.67 billion)

US Export Data in 2022-23: Key Highlights

The year 2022-23 has witnessed significant developments in US export data. Let's explore some notable highlights about the US export data for 2022 and 2023:

Total Exports in September 2023

According to the latest Export data from the US, the US exported a total of $171 billion in September 2023. With the top 10 export partners being Canada ($29.68 billion), Mexico ($27.56 billion), China ($11.83 billion), Germany ($6.73 billion), Japan ($6.71 billion), Netherlands ($6.29 billion), United Kingdom ($5.99 billion), South Korea ($5.91 billion), Singapore ($4.10 billion), and Brazil ($3.67 billion).

Growth in total exports

Despite global challenges posed by the ongoing pandemic, US export data for 2022 indicates resilient growth. The value of total exports has surged by 17.6% compared to the previous year, highlighting the strength of the US economy in international trade.

Emerging export sectors

Certain industries have experienced remarkable growth in exports during 2022. Notably, technology-related industries, such as electronic goods and software, have witnessed a substantial increase in global demand. Additionally, renewable energy products, including solar panels and wind turbines, have emerged as prominent export commodities. While the top export industries in 2023 were electronics, energy resources, and machinery industry.

China as a major trading partner

China continues to be a crucial trading partner for the United States. The export data reveals a steady increase in trade between the two nations, with China accounting for a significant share of US exports. This emphasizes the importance of understanding US export data in the context of international trade dynamics.

Shifts in export destinations

While traditional trading partners, such as Canada and Mexico, remain significant export destinations, a notable shift has been observed in 2022. US export data indicates growing exports to emerging markets in Southeast Asia, including Vietnam and Thailand. This diversification of export destinations helps mitigate risks associated with overreliance on specific markets. Canada emerged as the largest export destination for the US in 2023.

Benefits of the US Export data

Researchers, analysts, and economists can evaluate the state and performance of the US economy with the use of export statistics.