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From oil to diamonds to data processing parts, the United States is the second largest exporter in the world. The diversity in its market makes it an excellent competitor.
There are several indicators that determine the wealth of a country: the amount of labor force, the GDP index, the unemployment rate, the number of companies created per year, the economic openness and the amount of products or raw materials exported per year. These are just a few examples.
Regarding the latter, according to Statista, The United States, in 2021, exported $1.7 trillion, ranking second among countries that export the most per year, only below China. The question that many businesspeople ask themselves when doing business in the USA is, by state, which are the products that are most traded abroad?
These are the goods or merchandise that, according to the U.S. Census Bureau, are most exported by state. We chose where there is more Latin American population:
Aircraft, oil, vehicles, medicine and technology are the most important industries according to these indicators. Let's have a look at the complete map:
Many of the exports that have to do with the aerospace industry are directed towards the civil aerospace sector, however, the military market has been embracing this market with greater vehemence, not in vain between 2000 and 2020, these had a value of USD $99.6 billion, the highest in the world ahead of traditionally military countries such as Russia.
Other exports are also due to context and geopolitical situations such as Covid-19 as North Carolina was the leading exporter of vaccines and antibodies in 2020. In total, the United States exported more than USD $46 billion in critical goods to combat the pandemic, the second highest after China. Pennsylvania, Indiana, and Illinois' top exports have traditionally been medicine, which was enhanced by this situation.
Another of the country's most important exports is oil. Texas -the state par excellence with the largest crude oil production, for example, produces more than 5 million barrels of oil per day, which would be about 1.7 billion barrels per year.
Finally, the variety of products or materials exported by the American country is surprising. This speaks of the industrial diversity offered by the most robust economy in the world, ranging from the rice industry in Arkansas, New York with antiques and works of art, lobster on the north coast of Maine and quahog pearls in Massachusetts.