Top 10 Exports Of USA In 2024: Leading Export Categories

The United States is a global economic powerhouse, with its exports spanning a wide range of industries from technology and machinery to pharmaceuticals and agricultural products. In this blog, we’ll explore the Top 10 Exports of the USA, showcasing the diversity and strength of American goods on the world stage.

One essential aspect of U.S. exports is ensuring compliance with Automated Export System (AES) filing. AES is a mandatory filing system for exporters, used to report electronic export information (EEI) to U.S. Customs and Border Protection (CBP). 

This system is crucial for maintaining compliance with U.S. export regulations, avoiding penalties, and ensuring smooth and efficient export processes. Using reliable Artemus’ AES filing solutions, exporters can navigate these regulatory requirements while focusing on expanding their global reach.

What Are The Top 10 Exports Of USA In 2024?

The top 10 exports of the United States in 2024 highlight the country’s diverse economic strengths, covering energy, manufacturing, healthcare, and agriculture. Here’s a closer look at each:

1. Oil Drilling And Gas Extraction ($185.1 billion)

 As the leading export, the U.S. benefits from its extensive oil and gas reserves, driven by technological advancements in extraction methods like hydraulic fracturing. The export growth is also fueled by global demand for energy and geopolitical shifts, such as reduced reliance on Russian oil due to ongoing conflicts​

2. Petroleum Refining ($123.8 billion)

 Refined petroleum products, including gasoline, diesel, and jet fuel, are in high demand globally. The industry’s revenues are subject to crude oil price fluctuations and shifts in global consumption patterns, but strategic reserves and refining capacity in the U.S. help stabilize supply​

3. Brand Name Pharmaceuticals ($91.7 billion)

The pharmaceutical sector thrives on innovation, with new drug launches and treatments for rare diseases and complex conditions like cancer driving exports. Despite competitive pressures from generics and regulatory challenges, the U.S. pharmaceutical industry remains a key global supplier​

4. Automobiles And Light-Duty Motor Vehicles ($65.8 billion)

This sector represents a major export, with U.S. vehicles, parts, and accessories in demand worldwide. While the industry has faced supply chain disruptions, especially with semiconductor shortages, recovering international trade and consumer spending have bolstered growth​

5. Natural Gas Liquids (NGLs) ($62.9 billion)

 NGLs, such as ethane and propane, are used in various industrial applications, including petrochemicals and heating. The industry’s growth is linked to expanding natural gas production and increased global demand for cleaner energy alternatives​

6. Organic Chemicals ($51.1 billion)

Organic chemicals serve as key raw materials in manufacturing and agriculture. Demand is closely tied to global industrial activity, which has rebounded since the disruptions of the pandemic, fueling exports​.

7. Navigational Instruments ($49.5 billion)

 Products like GPS devices, radar systems, and other precision instruments are essential in defense and aerospace, sectors where U.S. technology is highly regarded. Investment in high-tech equipment and military applications drives steady demand​.

8. Plastic And Resin Manufacturing ($43.6 billion)

The plastics industry supports a wide range of applications, from packaging to automotive components. Although the sector faces environmental challenges, innovations in sustainable materials and recycling are shaping its future​.

9. Medical Instruments And Supplies ($32.1 billion)

 High-quality medical devices and equipment from the U.S., including surgical instruments and diagnostic tools, remain critical in global healthcare. The demand for U.S.-made products is boosted by the ongoing need for advanced healthcare solutions​.

10. Soybeans ($30.8 billion)

 A vital agricultural export, soybeans are primarily used for animal feed, food products, and biofuels. The U.S. has maintained strong trade relationships, especially with China, ensuring consistent export levels despite trade tensions​

These export categories underscore the U.S.’s capabilities in energy production, advanced manufacturing, and agricultural output, while ongoing economic and geopolitical factors influence growth and demand across these sectors.

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The Leading 10 US Exports Of 2023

The United States remains one of the world’s leading exporters, leveraging its advanced technology, robust manufacturing capabilities, and diverse natural resources. In 2023, the U.S. maintained its position in the global market by exporting a wide array of goods and services. Below are the top 10 U.S. exports for 2023, highlighting their significance and impact on the economy.

1. Machinery (Including Computers)

Machinery remains the cornerstone of U.S. exports, encompassing a broad range of products from industrial machinery to sophisticated computer systems. High demand for automation, manufacturing equipment, and information technology products drives this sector, making it the largest export category.

2. Electrical Machinery And Equipment

This category includes a variety of electrical components such as semiconductors, telecommunications equipment, and consumer electronics. The U.S. is at the forefront of technological innovation, contributing significantly to global advancements in electronics and communication technologies.

3. Vehicles

The automotive sector is a major export pillar, with the U.S. exporting cars, trucks, and other vehicles. American automotive brands are renowned for their quality and innovation, maintaining strong market positions in regions like North America, Europe, and Asia.

4. Aircraft And Aerospace Products

The aerospace industry, including commercial aircraft, spacecraft, and related parts, constitutes a significant export segment. Companies like Boeing play a crucial role in supplying advanced aircraft to airlines worldwide, supporting both passenger and cargo transport.

5. Pharmaceuticals

The U.S. pharmaceutical industry is a global leader in the development and export of medications, vaccines, and biotechnology products. High standards of research and development ensure that American pharmaceuticals remain in high demand internationally.

6. Oil And Petroleum Products

Despite fluctuations in global oil prices, the U.S. continues to be a major exporter of crude oil and refined petroleum products. Advances in extraction technologies, such as hydraulic fracturing, have bolstered the country’s oil production capabilities.

7. Agricultural Products

The U.S. exports a substantial volume of agricultural goods, including soybeans, corn, wheat, and meat products. These exports are vital for global food security and support the livelihoods of American farmers and agribusinesses.

8. Chemicals

The chemical industry in the U.S. produces a wide range of products, including industrial chemicals, plastics, and specialty chemicals. These exports are essential for various manufacturing processes and consumer products worldwide.

9. Medical Equipment And Devices

Advanced medical technologies and devices, such as imaging equipment, surgical instruments, and diagnostic tools, are significant export items. The U.S. healthcare sector’s innovation ensures a steady demand for its medical exports.

10. Financial And Professional Services

Beyond tangible goods, the U.S. is a leading exporter of services, particularly in finance, consulting, and information technology. Financial services, including banking, investment management, and insurance, contribute substantially to the country’s export revenues.

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Total US Exports In Different Regions

U.S. exports are distributed across various global regions, with some key trade partners standing out in 2023 and 2024.

1. North America: The U.S. exports significant volumes to its closest neighbors, Canada and Mexico, due to the United States-Mexico-Canada Agreement (USMCA). These countries together account for over 30% of all U.S. exports, with Canada alone receiving $356 billion in 2023 and Mexico about $312 billion.
2. Europe: The European Union is a major trading region for the U.S., with the UK, Germany, and the Netherlands among the top recipients. U.S. exports to Europe primarily include aircraft, pharmaceuticals, and machinery. In 2023, total exports to Europe were estimated at $430 billion.
3. Asia: This region is another large export market for the U.S., driven by demand from countries like China, Japan, and South Korea. U.S. exports to China, despite trade tensions, reached approximately $130 billion in 2023, with other Asian markets pushing total exports to the region to about $565 billion. Key exports include electrical machinery, aircraft, and agricultural products.
4. Latin America: Countries such as Brazil and Chile represent important destinations in this region. U.S. exports to Latin America totaled around $120 billion, with vehicles, machinery, and oil-related products being significant categories.
5. Middle East and Africa: Exports to these regions are smaller in comparison but still critical, especially in industries like defense and machinery. For example, U.S. exports to the United Arab Emirates alone were valued at around $20 billion in 2023, while exports to Africa were approximately $30 billion.

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Major Export Partners Of The USA

As of 2023-2024, the top 10 export partners of the United States are:

1. Canada: The largest export partner with exports valued at $352.83 billion. Canada consistently tops the list due to its proximity and strong economic ties with the U.S.
2. Mexico: Close behind Canada, the U.S. exported goods worth $323.21 billion to Mexico. Both countries benefit from the USMCA trade agreement.
3. China: Despite trade tensions, China remains a major partner, importing $147.78 billion worth of U.S. goods.
4. Netherlands: A significant European trade partner, with U.S. exports to the Netherlands reaching $82.16 billion.
5. Germany: Germany imported $76.68 billion worth of American products, making it another key partner in Europe.
6. Japan: The U.S. exported $76.14 billion worth of goods to Japan, a long-standing trade partner in Asia.
7. United Kingdom: Exports to the U.K. were valued at $74.07 billion, maintaining a strong transatlantic trade relationship.
8. South Korea: U.S. exports to South Korea amounted to $64.81 billion, driven by technology and automotive industries.
9. Brazil: With exports valued at $44.79 billion, Brazil is the largest export partner of the U.S. in South America.
10. India: U.S. exports to India totaled $35.8 billion, focusing on energy products, machinery, and precious metals.

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Key Highlights Of The US Export: Statistics For 2023-24

In 2023-2024, U.S. export statistics showed strong performance across various sectors, highlighting the nation’s resilience in the global market. Here are some key highlights:

1. Total Export Value: The U.S. exported $2.01 trillion in 2023. This marked a significant contribution to global trade, supported by sectors such as aerospace, automotive, and pharmaceuticals​.
2. Top Export Categories:
   • Mineral fuels, including oil led the charge, contributing $323.15 billion.
   • Aircraft and spacecraft experienced rapid growth, increasing by 21.4% since 2022, driven by demand for U.S. aerospace products.
   • Vehicles also saw a notable rise, with export sales up by 13.3%​.
3. Major Export Partners:
   • Canada remained the top destination for U.S. exports, with a value of $352.83 billion.
   • Other key partners included Mexico, China, and European countries like Germany and the Netherlands​.
4. Notable Trends: In 2024, the export of pharmaceuticals surged, and the demand for automotive parts and consumer goods such as electronics also contributed significantly to the rising numbers. However, there was a decline in exports of some goods like gems and precious metals​.

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Which Are The Top Export Companies In The USA?

Some of the top export companies in the United States span industries such as aerospace, oil and gas, pharmaceuticals, and technology. Key players include:

1. Boeing – A leader in aerospace and defense, Boeing is one of the largest U.S. exporters, particularly in aircraft and spacecraft, which contributed to a significant portion of U.S. exports in 2023.
2. ExxonMobil And Chevron – Both are major oil and gas companies driving substantial exports in the energy sector. ExxonMobil remains one of the top players in exporting mineral fuels, contributing to the U.S.’s positive trade balance in this category.
3. Apple – Known for its consumer electronics and hardware, Apple is a major exporter of high-tech products like smartphones, tablets, and computers.
4. Pfizer, Johnson & Johnson, And Merck & Co. – These pharmaceutical companies play a critical role in the export of medical products, including vaccines, medicines, and healthcare supplies.
5. Intel And Qualcomm – Leaders in the semiconductor industry, these companies contribute to the U.S.’s technology exports, which include semiconductors and telecommunications equipment.

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Artemus: Reliable AES Filing Solutions For Your US Exports

Artemus Transportation Solutions offers comprehensive Automated Export System (AES) filing services, ensuring U.S. exporters can file electronic export information (EEI) quickly and accurately. 

AES is a critical compliance requirement for U.S. businesses involved in international trade, as it transmits export data directly to U.S. Customs and Border Protection (CBP). Artemus’ platform simplifies this process, reducing errors, avoiding penalties, and ensuring smooth customs clearance.

With an intuitive interface, robust customer support, and deep industry knowledge, Artemus enables seamless AES filing, helping exporters meet stringent compliance regulations and manage large volumes of export data efficiently. 

Whether you’re exporting high-value goods or handling complex export processes, Artemus’ solution is designed to streamline operations and keep your business running smoothly in the global market.

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FAQs

1. What Does The US Export Top 10?

The U.S. primarily exports refined petroleum, aircraft, integrated circuits, medical instruments, and pharmaceuticals. Other top exports include vehicles, soybeans, gas turbines, gold, and machinery.

2. What Does The US Majorly Export?

The U.S. majorly exports machinery, electronics, vehicles, pharmaceuticals, and petroleum products, making it a leader in high-value goods, especially in technology and healthcare sectors.

3. What Are The 5 Top Export States In The United States?

The top five export states are Texas, California, New York, Louisiana, and Illinois, which lead in exporting oil, machinery, electronics, and agricultural products.

4. What Does India Export To The USA?

India exports textiles, pharmaceuticals, precious stones (like diamonds), machinery, and organic chemicals to the U.S., making it a significant trading partner.

5. Which Indian Product Is In High Demand In The USA?

Pharmaceuticals, textiles, and IT services are in high demand from India in the U.S., with a focus on generic medications and software services.

6. What Is India’s Biggest Export?

India’s biggest export is petroleum products, followed by precious stones, jewelry, and pharmaceuticals.

7. Which Item Is Most Exported From India?

Petroleum products and precious stones are the most exported items from India, reflecting its strong presence in the global energy and jewelry markets.

8. Who Is India’s Largest Trading Partner?

The United States is India’s largest trading partner, followed by China, with major exports including IT services, textiles, and pharmaceuticals.

9. Which Country Is Best To Export From India?

The U.S., UAE, and China are top destinations for Indian exports, driven by high demand for pharmaceuticals, textiles, and engineering goods.

10. What Does China Import From India?

China imports iron ore, cotton, organic chemicals, and precious stones from India, with a growing demand for raw materials in manufacturing.

Conclusion

In conclusion, the top 10 exports of the U.S. reflect the country’s diverse economy, with leading industries in petroleum products, aircraft, electronics, machinery, and pharmaceuticals driving international trade. These exports contribute significantly to the U.S. economy, showcasing its global competitiveness in advanced manufacturing, technology, and energy sectors.

With strong demand for American products worldwide, the U.S. remains a crucial force in shaping global trade. As global markets evolve, maintaining innovation and quality in these sectors will be key to sustaining export growth.

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