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2022
Economic Complexity
Trade 1.47Rank 10 of 133
2021
Economic Complexity
Technology 0.87Rank 25 of 96
2022
Economic Complexity
Research 2.49Rank 1 of 135
2022
Product
Exports | Imports $1.95T | $3.12T2 of 226 |  1 of 226
2022
Per Capita Product
Exports | Imports $5.86k | $9.36k58 of 220 |  59 of 220

About

Overview In 2022, United States was the number 1 economy in the world in terms of GDP (current US$), the number 2 in total exports, the number 1 in total imports, the number 8 economy in terms of GDP per capita (current US$) and the number 10 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of United States are Refined Petroleum ($138B), Crude Petroleum ($118B), Petroleum Gas ($116B), Cars ($57.5B), and Integrated Circuits ($49.8B), exporting mostly to Canada ($308B), Mexico ($294B), China ($151B), Japan ($79.5B), and United Kingdom ($75.4B).

In 2022, United States was the world's biggest exporter of Refined Petroleum ($138B), Medical Instruments ($33.3B), Gas Turbines ($32.5B), Planes, Helicopters, and/or Spacecraft ($27.6B), and Corn ($19.3B)

Imports The top imports of United States are Crude Petroleum ($199B), Cars ($159B), Broadcasting Equipment ($116B), Computers ($108B), and Packaged Medicaments ($91.3B), importing mostly from China ($551B), Canada ($438B), Mexico ($421B), Germany ($153B), and Japan ($137B).

In 2022, United States was the world's biggest importer of Cars ($159B), Broadcasting Equipment ($116B), Computers ($108B), Packaged Medicaments ($91.3B), and Motor vehicles; parts and accessories (8701 to 8705) ($88B)

Location United States borders Canada and Mexico by land and Bahamas by sea.

Latest Trends

August, 2024

About

Overview In August 2024 United States exported $180B and imported $278B, resulting in a negative trade balance of $97.2B. Between August 2023 and August 2024 the exports of United States have increased by $8.94B (5.21%) from $172B to $180B, while imports increased by $11.6B (4.35%) from $266B to $278B.

Trade In August 2024, the top exports of United States were Aircraft Parts ($11.6B), Refined Petroleum ($10.7B), Crude Petroleum ($9.71B), Vaccines, blood, antisera, toxins and cultures ($6.18B), and Commodities not elsewhere specified ($6.17B). In August 2024 the top imports of United States were Cars ($17.5B), Crude Petroleum ($14.3B), Computers ($13.4B), Commodities not elsewhere specified ($10.2B), and Vaccines, blood, antisera, toxins and cultures ($9.54B).

Origins In August 2024 the exports of United States were mainly from Texas ($39.2B), California ($16.2B), New York ($7.59B), Illinois ($7.05B), and Louisiana ($6.49B), while imports destinations were mainly California ($42.4B), Texas ($34.5B), Illinois ($16.7B), Michigan ($14.3B), and New Jersey ($13B).

Destinations In August 2024, United States exported mostly to Mexico ($30B), Canada ($29.9B), China ($12B), Netherlands ($8.21B), and Japan ($6.79B), and imported mostly from Mexico ($43.7B), China ($39.9B), Canada ($33B), Germany ($13.5B), and Vietnam ($11.9B).

Growth In August 2024, the increase in United States's year-by-year exports was explained primarily by an increase in exports to Netherlands ($1.66B or 25.3%), Malaysia ($1.64B or 93.2%), and China ($1.21B or 11.2%), and product exports increase in Aircraft Parts ($2.23B or 23.8%), Vaccines, blood, antisera, toxins and cultures ($1.95B or 46%), and Office Machine Parts ($1.36B or 99.8%). In August 2024, the increase in United States's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($3.47B or 41.7%), China ($3.13B or 8.51%), and Ireland ($2.34B or 32.9%), and product imports increase in Computers ($4.65B or 53.1%), Office Machine Parts ($2.33B or 77.8%), and Vaccines, blood, antisera, toxins and cultures ($1.5B or 18.7%).

Latest Trade

Time Scale
Flow
Color
Depth
EXPORT GROWTH (August 2023 - August 2024)$8.94B(5.21%)
IMPORT GROWTH (August 2023 - August 2024)$11.6B(4.35%)
MAIN EXPORTER (August 2024)Texas$39.2B
MAIN DESTINATION (August 2024)Mexico$30B

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of United States over time.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Refined Petroleum$138B
Top Destination (2022)Canada$308B

In 2022, United States exported a total of $1.95T, making it the number 2 exporter in the world. During the last five reported years the exports of United States have changed by $489B from $1.46T in 2017 to $1.95T in 2022.

The most recent exports are led by Refined Petroleum ($138B), Crude Petroleum ($118B), Petroleum Gas ($116B), Cars ($57.5B), and Integrated Circuits ($49.8B). The most common destination for the exports of United States are Canada ($308B), Mexico ($294B), China ($151B), Japan ($79.5B), and United Kingdom ($75.4B).

Explore Visualizations

Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Growth
Fastest Growing Export Markets (2021 - 2022)
Mexico$45.3B (+ 18.2%)
Canada$43.9B (+ 16.6%)
United Kingdom$19.7B (+ 35.5%)
Fastest Growing Import Markets (2021 - 2022)
Canada$81.2B (+ 22.8%)
Mexico$58.6B (+ 16.2%)
China$23.9B (+ 4.54%)

Total Export Growth by Market (2021 - 2022)

Potential Exports

Potential Exports

Type
Flow
Depth
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Service Trade

Service Trade

United States Exports Services (2018)$746B
United States Imports Services (2018)$480B

In 2018, United States exported $746B worth of services. The top services exported by United States in 2018 were Personal travel ($158B), Miscellaneous business, professional, and technical services ($130B), Financial services ($114B), Other royalties and license fees ($93.7B), and Air transport ($69.1B).

The top services imported by United States in 2018 were Personal travel ($107B), Miscellaneous business, professional, and technical services ($73B), Air transport ($69.2B), Other royalties and license fees ($39.3B), and Reinsurance ($38.2B).

Service Exports (2018)

Service Imports (2018)

Economic Complexity

Overview

Economic Complexity (Trade)1.47Rank 10 of 133
Economic Complexity (Technology)0.87Rank 25 of 96
Economic Complexity (Research)2.49Rank 1 of 135

Comparison Map

Color

This section shows exports, imports and economic complexity data at the subnational level for United States. Click any of the State in the geomap to visit the specific subnational profile.

The top territories of United States according to its Economic Complexity Index are New Hampshire (0.65), Connecticut (0.63), and Massachusetts (0.6).

The principal exporters of United States were Texas ($445B), California ($179B), and Louisiana ($100B).

The same year,  the principal importers of United States were California ($449B), Texas ($382B), and Illinois ($223B).

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Most Specialized Products by RCA Index

United States has a high level of specialization in Sorghum (7.45), Starch Residue (6.84), Forage Crops (5.9), Other Nuts (5.3), and Oil Seed Flower (4.84). Specialization is measured using RCA, an index that takes the ratio between United States observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for United States according to the relatedness index, were Nickel Powder (0.44), Radioactive Chemicals (0.42), Phosphides (0.41), Tool Plates (0.41), and Lead Sheets (0.4). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that United States is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of United States. These are products that tend to be co-exported with the products that United States exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2022)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Economic Complexity Ranking

Methodology
Scale

During the last 20 years United States's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨6th to the 10th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

Explore Rankings

ECI (Trade) Ranking by Country

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