Transportation equipment and computer and electronic products top the list of exports to the United States sells to global markets. Each category represents 15 percent of total exports, according to the International Trade Administration US Other major exports are chemicals with 14.3 percent and non-electrical machinery, with 10.8 percent. The remaining 44.9 percent is split between all other products of US exports.
Monitoring of exports
Two agencies of the Department of Commerce, Census Bureau and Bureau of Economic Analysis, keep track of exports and imports from the United States, and report on detailed monthly reports. However, it is the International Trade Administration, another agency Commerce, which translates into a format that is easier to understand. The bureau reports for October 2010 contain details that might be surprising to some: United States, which is a major importer of foreign oil, exported more than US $ 3,000 million in fuel this month. Also it exported more than US $ 3,500 million in natural gas and other petroleum products. And at a time when the shops are full of toys made in Asia, the United States exported nearly US $ 1,000 million in toys.
Major export categories
Rail transportation equipment and civilian aircraft and parts accounted for $ 6,000 million of US exports of $ 112,000 million from October 2010, and motor vehicles and parts led the list with more than US $ 9,600 million, according to the report . Computers and accessories fall into the category of capital goods exports, and accounted for exports worth nearly US $ 4,000 million in October 2010. The United States also exported nearly US $ 1,000 million in televisions, VCRs, tape recorders, tapes and records, according to the report.
Largest importers
Canada is a world leader in buying American products, according to the International Trade Administration. In 2009, our northern neighbor imported more than US $ 204 million of the $ 1,000 million of exports from this country. Mexico, our neighbor to the south, was in second place with nearly US $ 128 million in imports. China was a distant third with almost US $ 70 million in imports. At the bottom of the scale was the Gaza Strip, which imported less than US $ 23,000 in goods from the United States in 2009.
National Export Initiative
America is on a mission to increase its exports, and the National Export Initiative was announced by President Barack Obama in the State of the Union in 2010. It aims to stimulate sustainable economic growth and create millions of new jobs for Americans by increasing exports. The goal is to double exports over the next five years.
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