United States Top 10 Exports

United States Top 10 Exports

OCTOBER 23, 2015 

BY DANIEL WORKMAN

United States Top 10 Exports

by Flagpictures.org

In 2014, exports from the United States amounted to US$1.62 trillion, up 26.7% since 2010. America’s top 10 exports accounted for 68.4% of the overall value of its global shipments.

Based on statistics from the International Monetary Fund’s World Economic Outlook Database, US total Gross Domestic Product amounted to $17.42 trillion in 2014.

Therefore, exports accounted for about 9.3% of total American economic output.

Given United States’s population of 321.4 million people, its total $1.62 trillion in 2014 exports translates to roughly $5,040 for every resident in that country.

United States’s unemployment rate was 6.2% in 2014.

United States Top 10 Exports

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The following export product groups represent the highest dollar value in American global shipments during 2014. Also shown is the percentage share each export category represents in terms of overall exports from the United States.

Machines, engines, pumps: US$219.8 billion (13.6% of total exports)

Electronic equipment: $172.4 billion (10.6%)

Oil: $155.6 billion (9.6%)

Vehicles: $136 billion (8.4%)

Aircraft, spacecraft: $125.2 billion (7.7%)

Medical, technical equipment: $85 billion (5.2%)

Gems, precious metals, coins: $64.1 billion (4%)

Plastics: $63 billion (3.9%)

Pharmaceuticals: $44 billion (2.7%)

Organic chemicals: $42.3 billion (2.6%)

Driven by processed oils, petroleum gases and to a lesser degree by crude oil, oil was the fastest-growing among the top 10 export categories, up in value by 90.5% for the 5-year period starting in 2010.

In second place for improving export sales was aircraft and spacecraft which rose 57.2% led by international sales of large aircraft weighing more than 15,000 kilogram, smaller helicopters weighing 2,000 kilograms and under, as well as communications satellites .

American vehicle exports posted the third-fastest gain in value at 37.1%, galvanized by robust revenue gleaned for deliveries of medium-size to larger cars.

The slowest-growing category among the top 10 US exports was organic chemicals which appreciated by a modest 3.5%.