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UNITED STATES

The United States is the 3rd largest export economy in the world and the 7th most complex economy according to the Economic Complexity Index (ECI). In 2017, the United States exported $1.25T and imported $2.16T, resulting in a negative trade balance of $910B. In 2017 the GDP of the United States was $19.4T and its GDP per capita was $59.5k.

The top exports of the United States are Refined Petroleum ($74.5B), Cars ($56B), Planes, Helicopters, and/or Spacecraft ($54B), Gas Turbines ($31.6B) and Packaged Medicaments ($29.5B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Cars ($178B), Crude Petroleum ($129B), Broadcasting Equipment ($105B), Computers ($73.5B) and Vehicle Parts ($67.1B).

The top export destinations of the United States are Mexico ($181B), Canada ($149B), China ($133B), Japan ($66.9B) and Germany ($61.6B). The top import origins are China ($476B), Mexico ($307B), Canada ($274B), Japan ($125B) and Germany ($111B).

The United States borders Canada and Mexico by land and the Bahamas by sea.

US EXPORT & IMPORT Market Trends :

United States had a total export of 1,545,609,158.49 in thousands of US$ and total imports of 2,407,390,189.46 in thousands of US$ leading to a negative trade balance of -861,781,030.97 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for United States is 1.66% and the Most Favored Nation (MFN) Weighted Average tariff is 3.07%.The trade growth is -0.33% compared to a world growth of 1.50%. GDP of United States is 19,390,604,000,000 in current US$. United States services export is 797,687,000,000 in BoP, current US$ and services import is 542,465,000,000 in Bop, current US$.

Overall Exports and Imports for United States:

The total value of exports (FOB) is US$ 1,545,609 million.
The total value of imports (CIF) is US$ 2,407,390 million.
At the HS6 digit level, 4,523 products are exported to 224 countries and 4,528 products are imported from 222 countrie

Top 5 Products exports at HS 6 digit level :

The top five exported HS 6 digit level products to world by United States along with trade value are:

United States exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 77,766,962.81 million.
United States exported Monolithic integrated circuits, digital , worth US$ 37,256,014.65 million.
United States exported Transmission apparatus, for radioteleph incorpo , worth US$ 30,708,519.75 million.
United States exported Parts and accessories of automatic data process , worth US$ 25,359,805.33 million.
United States exported Petroleum oils and oils obtained from bituminou , worth US$ 22,593,652.14 million.

Top 5 Products IMPORTs at HS 6 digit level :

United States top 5 Export partners

The top five countries to which United States exported 2017 along with the partner share in percentage are:

United States exports to Canada worth US$ 282,243 million, with a partner share of 18.26 percent.
United States exports to Mexico worth US$ 243,314 million, with a partner share of 15.74 percent.
United States exports to China worth US$ 129,894 million, with a partner share of 8.40 percent.
United States exports to Japan worth US$ 67,602 million, with a partner share of 4.37 percent.
United States exports to United Kingdom worth US$ 56,244 million, with a partner share of 3.64 percent.

United States top 5 Import partners

The top five countries to which United States imported goods 2017 along with the share in percentage are

United States imports from China worth US$ 526,022 million, with a partner share of 21.85 percent.
United States imports from Mexico worth US$ 317,207 million, with a partner share of 13.18 percent.
United States imports from Canada worth US$ 305,879 million, with a partner share of 12.71 percent.
United States imports from Japan worth US$ 139,797 million, with a partner share of 5.81 percent.
United States imports from Germany worth US$ 119,991 million, with a partner share of 4.98 percent.

United States Exports and Imports of Product

Exports and imports of products are below along with their corresponding Product Share as percent of total export or import.

United States Raw materials exports are worth US$ 158,214 million, product share of 10.24%.
United States Raw materials imports are worth US$ 227,576 million, product share of 9.45%.
United States Intermediate goods exports are worth US$ 301,868 million, product share of 19.53%.
United States Intermediate goods imports are worth US$ 356,723 million, product share of 14.82%.
United States Consumer goods exports are worth US$ 400,454 million, product share of 25.91%.
United States Consumer goods imports are worth US$ 885,929 million, product share of 36.80%.
United States Capital goods exports are worth US$ 518,470 million, product share of 33.54%.
United States Capital goods imports are worth US$ 837,058 million, product share of 34.77%.

United States Trade Indicators 2017

Hirschman Herfindahl Market concentration index is 0.07.
Index of export market penetration is 0.07.
World Growth in percentage is 0.07 and United States Country Growth is -0.33.

Exporting from United States to Foreign Markets

The top export destinations of the United States are Mexico ($181B), Canada ($149B), China ($133B), Japan ($66.9B) and Germany ($61.6B).

Exporting from India to United States :

What does the United States import from India? (2017)

What does India import from the United States? (2017)

What does India export to the United States?

Place Order For Your Export Business Plan :- Exporting from Your Country to United States

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