Also doing well were exported soya beans, diamonds, gold, corn and turbo-jets.
The following list shows which American exports generated the greatest sales dollars in 2016. Unlike most information currently available on the web, the items below are detailed at the four-digit tariff code level. This granularity can help entrepreneurs identify precisely which products in which the US has strong competitive advantages over other nations, and where there are further opportunities for innovation.
The United States is the world’s number two exporter behind China.
Highest Value US Export Products
Below are America’s 20 highest value exports for 2016. Shown within brackets is the change in value for each item since 2009 when effects from the Great Recession were starting to be felt.
- Processed petroleum oils: US$64.1 billion (up 75.3% since 2009)
- Cars: $53.8 billion (up 89.7%)
- Automobile parts/accessories: $42.8 billion (up 80.5%)
- Integrated circuits/microassemblies: $35.1 billion (up 16.7%)
- Phone system devices including smartphones: $33.8 billion (up 76%)
- Electro-medical equipment (e.g. xrays): $26.4 billion (up 31.2%)
- Computers, optical readers: $24.3 billion (up 19.9%)
- Soya beans: $22.9 billion (up 39.1%)
- Medication mixes in dosage: $22.5 billion (down -0.1%)
- Diamonds (unmounted/unset): $19.5 billion (up 95.3%)
- Blood fractions (including antisera): $19.3 billion (up 45.3%)
- Gold (unwrought): $17.7 billion (up 45.9%)
- Computer parts, accessories: $16 billion (up 24.6%)
- Petroleum gases: $13.2 billion (up 175%)
- Trucks: $12.8 billion (up 31.5%)
- Machinery for making semi-conductors: $12.8 billion (up 139.4%)
- Taps, valves, similar appliances: $11.1 billion (up 69.6%)
- Corn: $10.3 billion (up 13.8%)
- Turbo-jets: $10.3 billion (up 5%)
- Lower-voltage switches, fuses: $10.1 billion (up 54.1%)
The fastest-grower among America’s most lucrative exports was petroleum gases with its 175% increase in value from 2009 to 2016.
In second place was machinery for making semi-conductors which gained 139.4%, followed by the raw diamonds subcategory up 95.3%. US exported cars improved 89.7% ahead of automobile parts and accessories up 80.5%.
The benchmark value for all American exports was up 37.6% in 2016 compared to 2009.
See also America’s Top Import Partners, Top United States Trade Balance and United States Top 10 Exports
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on February 10, 2017
The World Factbook, Field Listing: Exports and World Population, Central Intelligence Agency. Accessed onFebruary 10, 2017
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on February 10, 2017