US Exports Hit Record $2.06 Trillion in 2024, Led by Oil and Machinery
The United States, the world's second-largest exporter, concluded 2024 with a staggering $2.06 trillion in exports. Mineral fuels and oils topped the list, followed by nuclear reactors and machinery. January 2025 saw a $0.3 billion increase, reaching $257.2 billion.
Crude oil led the ten highest-valued exports, worth $1.09 trillion. Integrated circuits and cars followed, at $1.07 trillion and $948 billion respectively. The US shipped these goods primarily to Canada, Mexico, China, and European nations, with Canada and Mexico being the largest partners at $348.50 billion and $334.04 billion respectively. This trade activity fuels economic growth and job creation in the US, with a diverse range of exports including machinery, electronics, and pharmaceuticals.
In 2024, the US export landscape was dominated by mineral fuels and oils, with a significant presence in machinery, electronics, and pharmaceuticals. Top trade partners Canada and Mexico accounted for over $680 billion in exports. This robust trade activity contributes significantly to the US economy.
Read also:
- Trump's Policy Shifts Spark Controversy, Pauses Infrastructure Funding
- Germany's Steel Industry Hopes for EU Nod on Subsidized Electricity Prices
- Chinese Rare-Earth Mining Endangers the Mekong River's Integrity
- Deteriorating munitions are submerged in the Baltic Sea, and Germany aims to retrieve them before it's too late.
