In terms of value, the United States' No. 1 exported goods are aircraft, spacecraft and their parts, with the U.S. exporting more than $70 billion US Dollars (USD) worth a year — about 5 percent of the country's total export market. The next-largest categories in terms of value are refined oils and lubricants, medication and soybeans.
More facts about U.S. trade:
- The top U.S. trade partners are Canada, Mexico and China, in that order. The U.S. has a trade deficit with each of these countries.
- The biggest U.S. import in terms of value is crude oil, which accounts for almost $200 billion USD annually.
- Besides goods, the U.S. has a healthy service export market, which accounts for about 25 percent of the export market. This includes things such as insurance policies, royalties and licensing fees.
More Info: www.census.gov
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