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United States Top 10 Exports
April 30, 2017 by Daniel Workman

United States Top 10 Exports

by Flagpictures.org
America shipped US$1.454 trillion worth of goods around the globe in 2016, up by 37.6% since 2009 when the Great Recession kicked in but down by -3.3% from 2015 to 2016.

America’s top 10 exports accounted for over two-thirds (68.1%) 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 $18.562 trillion as of October 2016. Therefore, exports accounted for roughly 7.8% of total American economic output.

Given United States’s population of 324 million people, its total $1.454 trillion in 2016 exports translates to roughly $4,500 for every resident in that country.

United States’s unemployment rate was 4.8% as of January 2017 — a modest improvement from the 4.9% jobless rate one year earlier.
United States Top 10 Exports

The following export product groups represent the highest dollar value in American global shipments during 2016. Also shown is the percentage share each export category represents in terms of overall exports from the United States.

    Machinery including computers: US$190.5 billion (13.1% of total exports)
    Electrical machinery, equipment: $167.2 billion (11.5%)
    Aircraft, spacecraft: $134.6 billion (9.3%)
    Vehicles : $124.3 billion (8.5%)
    Mineral fuels including oil: $94.7 billion (6.5%)
    Optical, technical, medical apparatus: $82.0 billion (5.6%)
    Plastics, plastic articles: $58.4 billion (4.0%)
    Gems, precious metals: $57.8 billion (4.0%)
    Pharmaceuticals: $47.1 billion (3.2%)
    Organic chemicals: $33.9 billion (2.3%)

Mineral fuels including oil was the fastest-growing among the top 10 export categories for 2016, up in value by 72.4% for the 7-year period starting in 2009. Crude and refined petroleum oils as well as petroleum gases were the leading gainers under this category.

In second place for improving export sales were vehicles which rose 68.8% led by international sales of cars, automotive parts and accessories and trailers.

Exports of American aircraft and spacecraft appreciated by 62.3% over the 7-year period.