Overview In 2020 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 9 most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of United States are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing... ($58.4B), Petroleum oils and oils obtained from bituminous minerals; crude ($52.3B), Motor cars and other motor vehicles; principally designed for the transport of... ($47.6B), Electronic integrated circuits ($44.2B), and Petroleum gases and other gaseous hydrocarbons ($34.7B), exporting mostly to Canada ($218B), Mexico ($196B), China ($122B), Japan ($63.1B), and Germany ($59.2B).

In 2020, United States was the world's biggest exporter of Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils ($58.4B), Petroleum gases and other gaseous hydrocarbons ($34.7B), Instruments and appliances used in medical, surgical, dental or veterinary sciences, including scintigraphic apparatus, other electro-medical apparatus and sight testing instruments ($27.7B), Turbo-jets, turbo-propellers and other gas turbines ($27.3B), and Aircraft; parts of heading no. 8801 or 8802 ($12.5B)

Imports The top imports of United States are Motor cars and other motor vehicles; principally designed for the transport of... ($144B), Automatic data processing machines and units thereof, magnetic or optical readers, machines... ($92.4B), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of... ($84.1B), Transmission apparatus for radio-broadcasting or television, whether or not incorporating reception apparatus... ($82B), and Petroleum oils and oils obtained from bituminous minerals; crude ($75.1B), importing mostly from China ($438B), Mexico ($326B), Canada ($264B), Germany ($116B), and Japan ($112B).

In 2020, United States was the world's biggest importer of Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars ($144B), Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included ($92.4B), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale ($84.1B), Transmission apparatus for radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras, digital cameras and video camera recorders ($82B), and Motor vehicles; parts and accessories, of heading no. 8701 to 8705 ($62.3B)

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

April, 2022

Historical Data

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In 2020, United States exported a total of $1.34T, making it the number 2 exporter in the world. During the last five reported years the exports of United States have changed by -$49.7B from $1.39T in 2015 to $1.34T in 2020.

The most recent exports are led by Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing... ($58.4B), Petroleum oils and oils obtained from bituminous minerals; crude ($52.3B), Motor cars and other motor vehicles; principally designed for the transport of... ($47.6B), Electronic integrated circuits ($44.2B), and Petroleum gases and other gaseous hydrocarbons ($34.7B). The most common destination for the exports of United States are Canada ($218B), Mexico ($196B), China ($122B), Japan ($63.1B), and Germany ($59.2B).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

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).

Economic Complexity

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Comparison Map

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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 (0.64), Connecticut (0.6), and Massachusetts (0.57).

In 2020, the principal exporters of United States were Texas ($276B), California ($156B), and New York ($65.6B).

The same year,  the principal importers  of United States were California ($396B), Texas ($248B), and Illinois ($156B).

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Export Opportunities by Relatedness

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The top export opportunities for United States according to the relatedness index, are Cobalt oxides and hydroxides; commercial cobalt oxides (0.44), Newsprint, in rolls or sheets (0.44), Horses, asses, mules and hinnies; live (0.43), Sulphonamides (0.43), and Nickel; powders and flakes (0.43). 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.

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

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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.

Diversification Frontier

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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.

Economic Complexity Ranking

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During the last 20 years United States's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨5th to the 9th⁩ 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.

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