What Are the Main Exports of the United States in 2023?

tendata blogExport News

ten data blog12-01-2024

As the world's largest trading nation, the United States is the cornerstone of the global economy. Currently, the United States has trade relations with over 200 countries, regions, and associations worldwide. Due to a significant reliance on foreign manufacturing, the U.S. trade deficit continues to widen. The United States is the world's largest exporter of services and the second-largest exporter of goods.

Trade plays a crucial role in the prosperity of the United States by providing affordable goods and services to its people, driving economic growth, creating job opportunities, and improving living standards.

Over the past few decades, the expansion of international trade has created productive, high-paying jobs, including careers in u.s. main exports management, international sales and marketing, supply chain logistics, and international finance.

Trade has also broadened the variety of products available to consumers and businesses, encouraging global investment both domestically and internationally.

Despite these benefits, sectors such as manufacturing and agriculture may face challenges competing with internationally sold goods and services at lower prices.

united states main exports,us main exports,us main export

Top 5 U.S. Main Exports

According to data from the Census Bureau, as the world's second-largest exporter (only after China), the total U.S. exports reached $30 trillion in 2023. Based on Tendata customs data up to 2023, here are the main exported products from the United States:

1. Oil and Gas Drilling - $195.5B

Products related to this industry include crude oil, liquefied natural gas, and dry natural gas. The Ukraine conflict has introduced uncertainty due to the distribution of reliance on Russian oil and gas among domestic producers and other sources. Despite this, with economic recovery, demand is growing faster than supply, leading to price surges and substantial returns, making u.s. main exports drilling and gas exploration the top U.S. export.

2. Petroleum Refining - $158.0B

Refining crude oil and petroleum products for consumer use, including gasoline, diesel, and jet fuel. Another industry affected by the pandemic, but recovering with increased demand for refined petroleum as travel resumes.

3. Branded Pharmaceutical Manufacturing - $91.5B

Manufacturers develop prescription and non-prescription drugs. The industry has seen multiple new drug approvals, with over 28 approved in 2022.

4. Natural Gas Liquids Processing - $78.4B

Processing liquefied natural gas from natural gas, serving residential and commercial purposes. Economic reopening has led to a surge in natural gas prices, resulting in increased production and strong growth for the industry.

5. Automobile and Light Vehicle Manufacturing - $66.1B

The automotive industry is recovering from challenges posed by the pandemic and supply chain disruptions. Revenue is expected to continue growing due to global economic improvements and reduced trade costs with the United States-Mexico-Canada Agreement (USMCA).

6. Organic Chemical Manufacturing - $54.0B

Used in various products, including synthetic fragrances, food, wood products, and pesticides. Despite a 5.2% revenue decline in 2023, the industry's overall revenue has grown at a compound annual growth rate (CAGR) of 2.7% over the past five years.

7. Plastics and Resins Manufacturing - $52.1B

Products from the organic chemical industry, plastics, and resins, are used in many products. The industry's revenue reached $129.1 billion by the end of 2023, with a 0.8% CAGR and a 0.3% decline in 2023.

8. Navigational Instrument Manufacturing - $44.8B

Devices such as GPS and laboratory analysis instruments constitute the eighth-largest export. The demand for navigational instruments is driven by downstream markets, and revenue reached $129.8 billion in 2023.

9. Soybean Farming - $34.4B

Soybeans are the ninth-largest export industry, used in various foods and oils. Supply chain disruptions have led to shortages, causing prices to soar over the past three years.

10. Nonferrous Metal Refining - $33.1B

Refining metals like gold, silver, and copper, used in various products from technology to jewelry. The nonferrous metal refining industry is steadily expanding, with revenue growth depending on global metal prices.

Top Buyers of U.S. Goods in 2023

1. Mexico (14.87%, $438.99 billion)

2. China (13.32%, $393.14 billion)

3. Canada (13.13%, $387.73 billion)

4. Germany (4.95%, $146.02 billion)

5. Japan (4.6%, $135.74 billion)

6. Korea, South (3.58%, $105.83 billion)

7. Vietnam (3.55%, $104.79 billion)

8. Taiwan (2.75%, $81.05 billion)

9. India (2.62%, $77.26 billion)

10. Ireland (2.55%, $75.18 billion)

Identifying Import Opportunities

Importers usually know what they want to import and may just need assistance or guidance to complete the process. In some cases, importers may be looking for potential industries, products, or services to promote business growth. Two methods for doing this are:

1. Passively waiting for potential new customers to contact you: Importers can wait for inquiries from potential clients interested in u.s. main exports or services, hoping for future orders.

2. Actively identifying strategic buyers, market segments, countries in need of your u.s. main exports, and global competitors: While more work is involved, this strategic approach can lead to significant and sustained growth, helping a company elevate its revenue and profits.

Tendata provides market analysis to help identify business opportunities. It presents data in clear charts, explaining which products have higher global demand and market potential. You can also explore whether entering new industries is worthwhile by examining competitors, helping you focus your efforts where and how it matters.

>>>Click to Inquire for More Information from Tendata<<<

Shanghai Tendata, headquartered in the Lujiazui Financial District, has been in operation since 2005. With a professional workforce of over 500, the company has provided effective market expansion and customer management services to over 30,000 domestic and international import-export enterprises. We boast an experienced product development team and a dedicated after-sales support department.

As a big data company specializing in trade, Tendata has established a trade data platform and an online overseas talent platform. In the digital transformation of import and export enterprises, Tendata provides professional data services with confidence in data security. For example, Tendata offers real-time professional market research to help businesses gain insights into global markets. Tendata can provide real and effective global buyers for import and export enterprises, facilitating efficient customer development. Tendata's online business database allows in-depth research into company information, reducing the risks of import and export transactions. Tendata also has an online overseas talent platform to further promote localized sales for import and export enterprises (>>>Click to Learn More).

Distinguishing itself from traditional B2B platforms that passively wait for customers, Tendata, based on big data, proactively analyzes customer backgrounds, precisely targets buyers with transaction records, and significantly filters and positions major clients. Tendata's Import-Export Gateway possesses customs data from over 84 countries, internet data from 141 countries, business data from 198 countries, and a database of 130 million buyers. With 100 billion rolling data every day, Tendata can intelligently and rapidly filter out contact information for 121 million executives and decision-makers, including email, phone, and social media details. It also synchronously displays company directories, product images, and websites. Tendata provides 17 visualized reports, assisting import and export enterprises in accurately positioning and analyzing markets, enabling quick identification of precise buyers and suppliers. (>>>Visit the Tendata official website for more details)

tendata,tendata idiscovery,tendata itrader

Proactive Marketing for Import and Export – Discover Target Customers

One-click global search allows real-time discovery of active global customers, flexible filtering of potential import and export customers, improving efficiency, and saving costs. Tendata I-Discovery, a one-click search that simultaneously accesses three major databases—trade, business, and cloud search—presents global customers in 0.01 seconds. Discover exclusive customers for Importers & Exporters, instantly identifying the latest and most active global customers, seizing industry opportunities. (>>>Click to Consult for a Free Trial)

Proactive Marketing for Import and Export – Monitor Customer and Competitor Dynamics

Monitor new and existing customers through any channel, intelligently push business opportunity information, and keep track of customer dynamics in real-time. Tendata I-Rader – the world's leading business intelligence system – explores the global market and seizes industry opportunities. (>>>Click to Learn More)

Proactive Marketing for Import and Export – Analyze Buyer Details

Through market analysis, product analysis, supplier analysis, and competitor analysis, Tendata helps you strategize. With over 100 billion pieces of trade data, precisely analyze global import and export trade information details, such as the distribution of import and export countries, origin analysis, purchasing trends and details, and enterprise information analysis. T-iTrader accurately analyzes competitive environments and market conditions, actively safeguarding business decisions! (>>>Click to Analyze Your Buyers)

At Tendata, everything revolves around the customer, emphasizing products and services, and prioritizing customer experience! From the initial market research in the development phase of import and export to securing the final order, at every step, as long as you have a need, Tendata will be there! Visit the official Tendata website for more details.

>>>Consult with 1-on-1 Online Customer Service<<<

Leave Message for Demo Request or Questions

We always appreciate your visit at tendata.com. We'd love to hear your suggestions, feedback & queries. Please contact us to schedule a demo or learn more about our services. We will respond to your query within 1 working day.
  • Full company name please

  • 输入您的手机号

  • 输入您的邮箱

  • Fill in the code please

More Popular Blogs

These related articles may also be of interest to you

Geting Price

Global Trade Data Leader
Get Pricing
Free Demo
'Target Customer
'Acquisition & Intelligent
'Global Trade Marketing Intelligent
'Decision-Making SaaS Platform

Welcome Tendata · iTrader

Please fill in the infos to get free demo

  • *

    Enter your name please

  • *

    Full company name please

  • *


  • *


  • *


  • Read and agree to Service Agreement and Privacy Policy