United States Top 10 Major Export Companies

United States Top 10 Major Export Companies

Apple personal computer

Three computer hardware titans, two mammoth petroleum conglomerates, two medical industry players, plus two well-established automotive brands dominate the list of America’s top 10 major export companies.

America’s leading international product suppliers were vetted based on company asset value as of May 2017.

In the analysis below, we compare the top 10 export businesses based on asset values, sales and profitability. Also specified is the U.S. city where each conglomerate has its headquarters.

United States Top 10 Major Export Companies

Assets

Below are United States biggest export companies organized by asset value. Shown within parentheses is the primary industry in which each company operates. Also shown is the change in asset value as of May 2017 compared to May 2016.

  1. Apple (computer hardware): US$331.1 billion, up 12.9% from 2016
  2. ExxonMobil (oil, gas): $330.3 billion, down -1.9%
  3. Chevron (oil, gas): $260.1 billion, down -2.3%
  4. Ford Motor (car/truck makers): $238 billion, up 5.8%
  5. General Motors (car/truck makers): $221.7 billion, up 14%
  6. Pfizer (pharmaceuticals): $176.1 billion, up 5.1%
  7. Johnson & Johnson (medical equipment, supplies): $141.2 billion, up 5.8%
  8. Cisco Systems (communications equipment): $126.2 billion, up 12.1%
  9. Procter & Gamble (household/personal care items): $117 billion, down -9.4%
  10. Intel (semiconductors): $113.3 billion, up 7.4%

Best known for trendy computer hardware, Apple overtook ExxonMobile as America’s number 1 product exporter during 2017. However, the fastest-growing U.S. business from the above list was General Motors via its 14% gain from 2016 to 2017 compared to a 12.9% increase for Apple. Other increases ranged from 5.1% for Pfizer up to 12.1% for another tech titan namely Cisco Systems.

Three businesses that endured asset size shrinkage were consumer products provider Procter & Gamble (down -9.4%) followed by oil and gas industry mammoths Chevron (-2.3%) and ExxonMobile (down -1.9%).

Sales

Sales is the life blood of all business, but particularly for firms that compete in international trade. Five of America’s largest export companies increased their year-over-year sales as of May 2017.

  1. Apple: US$217.5 billion, down -6.8% from 2016
  2. ExxonMobil: $197.5 billion, down -16.6%
  3. General Motors: $166.4 billion, up 9.2%
  4. Ford Motor: $151.8 billion, up 1.5%
  5. Chevron: $110.5 billion, down -14.9%
  6. Johnson & Johnson: $71.9 billion, up 2.4%
  7. Procter & Gamble: $65.2 billion, down -6.1%
  8. Intel: $59.4 billion, up 5.5%
  9. Pfizer: $52.8 billion, up 8%
  10. Cisco Systems: $48.6 billion, down -2%

General Motors posted the fastest increase in sales during 2017, up 9.2% from 2016. In second place was medicines king Pfizer (up 8%) followed by semiconductors icon Intel (up 5.5%), diversified conglomerate Johnson & Johnson (up 2.4%) and venerable automotive player Ford Motor (up 1.5%).

Declines ranged from -2% for Cisco Systems up to -14.9% for Chevron and -16.6% for ExxonMobil.

Profit

Perhaps foreshadowing a global economic slowdown, only two of America’s top 10 export companies grew their profits as of May 2017 compared to the period one year earlier.

  1. Apple: US$45.2 billion, down -15.8% from 2016
  2. Johnson & Johnson: $16.4 billion, up 6.5%
  3. Intel: $10.3 billion, down -10.4%
  4. Cisco Systems: $9.8 billion, down -4.9%
  5. Procter & Gamble: $9.5 billion, up 11.8%
  6. General Motors: $9.4 billion, down -3.1%
  7. ExxonMobil: $7.8 billion, down -51.9%
  8. Pfizer: $7.1 billion, down -7.8%
  9. Ford Motor: $4.6 billion, down -37.8%
  10. Chevron: -$497 million, reversing a $4.6 billion profit in 2016

Oil and gas players experienced the most severe drops in profitability. Chevron posted a -$497 million loss for the 12 months ending May 2017 while ExxonMobile’s profits were cut in half.

Other losses ranged from -37.8% for Ford Motor down to -3.1% for General Motors.

Headquarters

Four of the 10 largest American export companies are based in the state of California. Michigan is the home office state for the two top automotive conglomerates.

  1. Apple: Cupertino, California
  2. ExxonMobil: Irving, Texas
  3. Chevron: San Ramon, California
  4. Ford Motor: Dearborn, Michigan
  5. General Motors: Detroit, Michigan
  6. Pfizer: New York, New York
  7. Johnson & Johnson: New Brunswick, New Jersey
  8. Cisco Systems: San Jose, California
  9. Procter & Gamble: Cincinnati, Ohio
  10. Intel: Santa Clara, California




 

Note some of the above company offerings may include products other than the principal category shown within parenthesis under the Assets tab.

For example, Apple not only manufactures computer hardware but also markets software applications and operating systems. Similarly, Johnson & Johnson produces not only medical supplies but also personal care hygienic goods and surgical equipment.

See also United States Top 10 Imports, America’s Top Trading Partners, Top United States Trade Balances and America’s Top 20 Export States and United States Top 10 Exports

Research Sources:
Data.World Forbes Global 2000 2016 , Spreadsheet for 2016 Global 2000 rankings. Accessed on January 17, 2018

Forbes 2017 Global 2000 individual company profiles, Example of top US company compiled for this study: ExxonMobil. Accessed on January 17, 2018

Forbes 2017 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on January 17, 2018

Trade Map, International Trade Centre. Accessed on January 17, 2018

Wikipedia, List of largest companies by market capitalization. Accessed on January 17, 2018

Wikipedia, List of largest companies by revenue. Accessed on January 17, 2018