Trade is perhaps the largest determining factor when it comes to U.S. foreign relations. America has a business agreement with every other country on the planet that determines how goods and services move from one part of the world to another. These trade agreements represent more than just financial interests around the world; they’re also the backbone of the many alliances the U.S. shares with its neighbors. We can learn a lot about America’s international reputation based on the goods that we produce right here at home and ship to countries all over the world.
Based on the findings of the International Monetary Fund, here are the leading U.S. exports for 2015:
1. Machines, Engines and Pumps
Total Export: $205 Billion
The largest U.S. exports have little to do with quantity and everything to do with quality. U.S.-made machines, engines and pumps are among the most expensive products in the world. These include manufacturing machines, advanced medical equipment, assembly lines and industrial pumps that go for more money than most people make in their entire lives.
2. Electronic Equipment
Total Export: $169 Billion
In case you haven’t heard, electricity and computers are spreading to new areas of the globe at a rapid rate. Hard drives, wires, cables, data processors, and computing chips are all in high demand as other countries try to play catch-up and slowly integrate new technology at home.
3. Aircraft and Spacecraft
Total Export: $131 Billion
No one builds a plane like the U.S. America has been on the cutting edge of air and space travel for decades. It’s no surprise that other countries are anxious to buy some high-flying machines. The future is in space. It’s just a matter of who gets there first.
Total Export: $127 Billion
Thanks to the auto bailout back in 2008, America is still a strong competitor when it comes to producing high-quality automobiles. Manufacturing centers like Detroit, MI continue to pump out a wealth of vehicles that other countries are dying to take out for a spin. Of course, the U.S. also imports its fair share of foreign-made vehicles. The U.S. imports over $283 billion in automobiles every year, nearly double the amount in vehicles it exports.
Total Export: $106 Billion
There’s a lot of oil moving around in the world. Oil is also one of the largest U.S. imports. You might be wondering why the U.S. imports and exports so much oil every year. The answer comes down to the type of oil refineries each country uses. The U.S. has a sophisticated system of oil refineries that generate energy from the nastiest oil on earth. So the U.S. imports cheap, dirty oil from countries like Venezuela and Canada, while also exporting higher-quality oil to developing countries for a costly fee. Oh the beauty of capitalism.