Top Five U.S. Exports of 2017

US exports have grown from $ 448 billion to $ 1.55 trillion in the last 25 years, but which export categories make the most money?

The United States has 248 export categories valued at more than $ 1 billion, three times more than a quarter of a century ago.

But aside from stereotypical US exports like cotton and corn, medicine, meat, and gold, what are the top export market categories that actually make dollars?

Here are the top 5 US exports in 2017:

Aircraft

Aircraft are by far the largest export category in terms of US monetary value, a third more valuable than the second export on this list alone.

China is still in second place, but somewhat behind. One thing that is certain is that companies like Boeing would not enjoy a trade war between the world’s two exporting powers.

Gasoline

The market value of gasoline has increased tremendously in recent years, despite the clamor from governments to turn to renewable energy sources and global businesses to be seen as green.

Last year, gasoline (including other refined petroleum products) raised just under $ 77.5 billion, while Mexico has a 27% market share and Canada 11%.

Motor vehicles

It is estimated that this year foreign car brands will produce more vehicles in the United States than American companies. Last year, most of these exports entered the Canadian, Chinese and Mexican markets, with fourteen US ports exporting more than $ 1 billion each throughout the year.

Motor vehicle parts

Perhaps not surprisingly, one of the leading nations in motor vehicle exports also makes a lot of money exporting individual motor parts. However, the auto industry is wary of the possible disruption of NAFTA that could change the face of the self-export industry.

Computer chips

The first “modern” export to rank in the top five US export categories is computer chips. Given the small size of the export, most of the product travels abroad by air, 50% of which from just four airports in Los Angeles, Dallas, San Francisco and Cleveland.

What other products are also leading US exports? Food, beverages and feed were the highest value category when combined with an approximate value of $ 133 billion. Soy accounted for $ 22 billion of this, with meat and poultry just behind with $ 18 billion.

In terms of services, travel and transportation ($ 136 billion), finance and insurance ($ 76 billion) and intellectual property sales ($ 49 billion) account for the largest share.

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