WHAT WERE THE MAJOR US EXPORTS TO THE WORLD IN THE YEAR 2022?

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BASIC OUTLINE OF THE US TRADE 2021

The United States is considered the most powerful nation across the globe due to its unbeatable defense systems, technological advancements, and political stability. The US is also the biggest nation in terms of total trade crossing a mark of USD 4.5 trillion in the year 2021. The contribution of the United States to the total trade of the world in any year is very significant and is considered the cornerstone of the complete global world or economy. As of now, the US has trade relations with almost 200 countries, accompanied by numerous territories, and regional associations.





As of now, the complete figures and US Trade Data for the year 2022 have not been out but based on our research and analysis of US Export Data and US Import Data for the same year, we are here with some statistical figures.

TOP 05 EXPORTS FROM THE US TO THE REST OF THE WORLD

According to our reports and analysis, the United States was the second largest exporter of goods in the world after China in 2022. So based on this analysis, it can be assumed that in the year 2022, exports from the US can easily touch USD 2 trillion. The top exports from the US according to the US Export data 2022 were:

·        Gasoline and fuels of various types (USD 100 billion – USD 125 billion)

·        Rough or crude petroleum (USD 80 billion – USD 100 billion)

·        Natural gases such as Liquified Natural Gas (USD 75 billion – USD 90 billion)

·        Parts of civilian aircraft (USD 60 billion – USD 75 billion)

·        Commercial vehicles (USD 30 billion – USD 50 billion)

Let us understand one by one that which product was exported to which country and in what amount.

1.     Gasoline and other types of fuels

The exports of these fuels went up by almost 26% as compared to 2021. The major countries listed in the US Export Data to whom these were exported from the US were Mexico, Canada, and Chile. In recent years, some new players have come up who have started importing gasoline and other fuels in large amounts like Brazil, Tobago, and Colombia.

2.     Rough/crude Petroleum

The exports of crude oil from the US went up by 68.5% in 2022 when compared to 2021. It has become the top export commodity of the US in 2022. The major nations to whom crude oil is supplied from the US are India, South Korea, and the Netherlands.

3.     LNG and other natural gases

Exports of LNG shot up by 15% in 2022. The prominent countries mentioned in the US Trade Data to whom the United States exports natural gases are Mexico, France, and the UK.

4.     Parts of civilian aircraft

In comparison with 2021, the exports of parts related to passenger aircraft have grown by 13.47%. few of the major destinations to whom these parts were delivered were France, Germany, and the United Kingdom.

5.     Automobile

Last but not the least, vehicles or automobiles that were exported from the US to Canada, Germany, and China the most in 2022. As a result, the exports of automobiles grew by 15.44% in 2022.

CONCLUSION

As we reach the end of the blog, we really hope that you learned something knowledgeable. So now is the time for the moment of truth. All exporters from the United States who deal in any of the above-mentioned items are hereby recommended to gear up and work hard to export their produce to the world so as to generate high returns and profits. Although the formal US Trade Data for 2022 is not out as per our analysis, these products would be certainly in demand in the coming year also.

For More Info –

Global Trade Data

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