Graph and download economic data for Net Exports of Goods and Services (NETEXP) from Q1 1947 to Q4 2024 about exports, Net, goods, services, GDP, and USA.

Graph and download economic data for Real Net Exports of Goods and Services (NETEXC) from Q1 1970 to Q4 2024 about exports, Net, goods, services, real, GDP, and USA.

In 2023, exports of goods and services from the United States made up about eleven percent of its gross domestic product (GDP). This is an increase from 9.25 percent of GDP of the United States in 1990. U.S. exports The GDP of the United States is the largest in the world, clocking in at more than 20 trillion U.S. dollars in 2022. It is additionally one of the world's largest exporters, second only to China. United States exports surpassed three trillion dollars in 2022, its highest level ever. Balance of trade The balance of trade in the United States has been a longstanding topic of conversation among economists, business interests, and politicians. When a country imports more than it exports, this is known as a trade deficit. While large export industries have been present in the United States for many years, the U.S. trade deficit has been increasing and is the largest volume of any nation.

Graph and download economic data for Shares of gross domestic product: Net exports of goods and services (A019RE1A156NBEA) from 1929 to 2024 about Shares of GDP, exports, Net, goods, services, GDP, and USA.

Over the past three decades, the total volume of the trade goods exported from the United States experienced an overall positive trend and grew significantly. However, periods of global economic turmoil took its toll on this growth along the way. In the aftermath of the global financial crisis of 2007-2008, the U.S. export volume of trade goods suffered a substantial decline, marking the end of a six-year tre4d of uninterrupted growth. In the following 13-year period between 2010 and 2024, the volume of export trade goods had a rather unstable profile, with noticeable fluctuations. The total volume of exported trade goods from the U.S. fell to about 1.42 trillion U.S. dollars in 2020, illustrating the impact of coronavirus (COVID-19) pandemic on the country’s international trade activities. Nevertheless, the export volume of trade goods recovered rapidly in the following years, reaching over two trillion U.S. dollars in 2024. U.S. International trade    The United States is the second largest trade goods exporter in the world, and has a total annual export value (services and goods combined) of over two trillion U.S. dollars. That said, for the last two decades, the U.S. had a trade deficit in trade goods, making the country a net importer of goods in terms of trade value. The majority of the goods the country is exporting are manufactures.   U.S. export destinations

   The top two destinations of U.S. exports are, unsurprisingly, the country’s northern and southern neighbors, namely Canada and Mexico. The volume of U.S. export of trade goods to Canada alone oscillated between 250 billion U.S. dollars and over 300 billion U.S. dollars in the last decade.

The United States net petroleum import volume amounted to a negative 1630 thousand barrels per day in 2023. The North American country became a net exporter of petroleum in 2020, when its net import volume reached a negative 651 thousand barrels per day. During the displayed period net imports have decreased notably, having reached a peak of 12.55 million barrels per day in 2005. Following the advent of unconventional shale extraction, the U.S. was able to achieve a trade surplus.

United States - Shares of gross domestic product: Net exports of goods and services was -3.20% in October of 2024, according to the United States Federal Reserve. Historically, United States - Shares of gross domestic product: Net exports of goods and services reached a record high of 4.70 in July of 1947 and a record low of -6.00 in October of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Shares of gross domestic product: Net exports of goods and services - last updated from the United States Federal Reserve on March of 2025.

This page displays a table with United States Exports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.

The U.S. has consistently been the largest oil market in the world for over a century, and the vast majority of oil produced has been for its domestic market. However, the domestic supply has rarely been able to meet domestic demand, and foreign oil prices are often lower (even after taxes and shipping), therefore large quantities of oil have had to be imported from overseas. Apart from the period surrounding the World Wars and Great Depression, the U.S., has been a net importer of oil for over a century, even prohibiting the majority of its crude oil from being exported between 1975 and 2015. However, thanks to the discovery of new oil reserves, new technologies, and developments in the unconventional oil industry (such as fracking, horizontal drilling, or shale refinement), the U.S. may be on course to become a net exporter of oil in the 2020s, the decade after it lifted its export ban.

United States GDP: IPD: sa: Net Export of Goods & Services: Export data was reported at 119.650 2005=100 in Mar 2013. This records an increase from the previous number of 119.235 2005=100 for Dec 2012. United States GDP: IPD: sa: Net Export of Goods & Services: Export data is updated quarterly, averaging 77.293 2005=100 from Mar 1947 (Median) to Mar 2013, with 265 observations. The data reached an all-time high of 119.650 2005=100 in Mar 2013 and a record low of 21.577 2005=100 in Mar 1947. United States GDP: IPD: sa: Net Export of Goods & Services: Export data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A126: NIPA 2009: GDP Implicit Price Deflator: Seasonally Adjusted: 2005 Price: Chain Linked.

This timeline shows the value of international U.S. exports of travel services from 2000 to 2024. In 2024, the value of international U.S. exports of travel services amounted to around 215.4 billion U.S. dollars.

Graph and download economic data for Contributions to percent change in GDPNow: Real Change of Net Exports of Goods and Services (CHNGNETEXPORTSCONTRIBNOW) from Q2 2014 to Q1 2025 about contributions, exports, Net, goods, services, real, GDP, and USA.

During the 19th century, the United States generally had a negative trade balance, importing more than it exported, particularly from the British Empire. This changed at the turn of the 20th century, and the U.S. consistently had a positive trade balance between 1896 and 1970. The greatest periods of fluctuation came during the world wars, as well as an observable decline following the Wall Street Crash of 1929.

While inflation rates increased the total value of imports and exports over time, the rate of growth did increase significantly from 1900 onwards. The early 20th century saw the U.S. move away from its traditional isolationist policies (apart from a brief period during the great Depression) and emerge as a global superpower. Following the Second World War, the U.S. used its economic power to maintain its influence across the globe, as it sought to suppress the expansion of communism.

The United States exported roughly 10.2 million barrels of petroleum per day in 2023. The figures include distillate fuel oil, residual fuel oil and ethanol blended into motor gasoline. As the U.S. has increased its production volume through implementation of unconventional extraction methods, the volume of petroleum products being exported notably increased, peaking in 2023.

External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

United States BoP: CA: Exp: GS: Goods: Net Exports of Goods Under Merchanting data was reported at 53.000 USD mn in Jun 2018. This records a decrease from the previous number of 66.000 USD mn for Mar 2018. United States BoP: CA: Exp: GS: Goods: Net Exports of Goods Under Merchanting data is updated quarterly, averaging 122.500 USD mn from Mar 1999 (Median) to Jun 2018, with 78 observations. The data reached an all-time high of 431.000 USD mn in Sep 2004 and a record low of 15.000 USD mn in Mar 2001. United States BoP: CA: Exp: GS: Goods: Net Exports of Goods Under Merchanting data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.JB001: BPM6: Balance of Payments.

United States GDP: 2000p: sa: Net Exports of Goods and Services data was reported at -296.800 USD bn in Mar 2009. This records an increase from the previous number of -364.500 USD bn for Dec 2008. United States GDP: 2000p: sa: Net Exports of Goods and Services data is updated quarterly, averaging -296.800 USD bn from Mar 1990 (Median) to Mar 2009, with 77 observations. The data reached an all-time high of -4.700 USD bn in Mar 1992 and a record low of -637.800 USD bn in Dec 2005. United States GDP: 2000p: sa: Net Exports of Goods and Services data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A175: NIPA 2003: GDP by Expenditure.

United States Exports of aluminum was US$14.41 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Exports of aluminum - data, historical chart and statistics - was last updated on March of 2025.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.