United States Importers and Exporters In 2023

By Indu Tyagi Ketan , 30 August, 2023

The import and export trade of the United States is measured mainly by the volumes of goods transported into the country. Still, it is significantly less known about the country's biggest exporters. The United States has always been at the top of the list for exports and imports for every economic year. The country exported around USD 162 billion and imported USD 251 billion in April 2023.

The country's exports were mainly focused on crude petroleum, that is, USD 9.58 billion, refined oil, about USD 9.16 billion, and petroleum gas, about USD 5.44 billion, in April 2023. Simultaneously, the top imports in April 2023 in the United States were cars for USD 16.3 billion, crude petroleum for around USD 12.2 billion, and others. The country has exported its goods to Canada, China, the United Kingdom, Mexico, and the Netherlands. Canada holds the highest from the United States, with USD 29.4 billion in exports in 2023. Walmart has dominated the import list of the United States, and chemicals, animal feed, and paper have dominated the exporters' list. Based on a survey report, one among the top U.S. exporters, two of them deal with paper and packaging, while one with chemicals, cotton, and animal feed. Recyclable products are also exported in larger volumes.

According to the data released by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, the goods and services deficit was USD 74.4 billion in April 2023 but declined to USD 69 billion in May 2023. The total imports have decreased by USD 7.2 billion to USD 256 billion in May 2023, and the decrease in consumer goods by USD 4.8 billion. The consumer goods comprising pharmaceutical preparations including chemicals import, were reduced by USD 2.9 billion, and cellphones and other household goods declined by USD 1.2 billion, among others.

                                US Total Exports Growth In 2022-2023