US 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. The USA is undoubtedly a powerhouse given its status as the most developed country globally. The United States ranks second largest country in North America based on land area. 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 trade Statistics and US trade data, the US is the 2nd biggest exporter of goods worldwide.
According to the US export data, the US exported a total of $2.06 trillion in 2024, with a 2% growth from the previous year. Despite being the second-largest exporter in the world, the USA's GDP export share is barely 11.77% of its exports. The total GDP of the USA is $27.36 trillion. The USA is also a part of major trading blocs in the world such as the WTO, NAFTA, and free trade agreements, based on the US trade activities. Mineral fuels and oils ($320.13 billion) are the biggest US exports in 2024. Canada ($348.50 billion) is the largest US export partner in 2024. US shipment data provides invaluable insights into the economy 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 2024.