The United States is like most countries in that it exports more goods than services. This is because with physical goods people can actively compare and access them by look and feel. With services, people tend to go with locals they know and trust, as they feel more confident this way. In this blog we will discuss the most lucrative goods to export.

The most successful export category is Capital Goods. This includes:

1. Commercial aircraft ($132 billion): produced mostly by Boeing
2. Industrial machines ($57 billion)
3. Semiconductors ($50 billion): primarily Intel and Texas Instruments3
4. Electric apparatus ($44 billion)
5. Telecommunications ($36 billion)
6. Medical equipment ($38 billion): Unlike most other U.S. export leaders, more than 80% of medical device companies are small businesses

The second most popular is industrial supplies and equipment. The United States exports $531 billions of materials used by manufacturers. Most of it is oil and oil-based products.The oil-based exports include these four categories as shown below:

1. Chemicals ($81 billion)
2. Fuel oil ($41 billion)
3. Petroleum products ($122 billion)
4. Plastic ($38 billion

The next-largest industrial supplies category is not oil-based. It is however a commodity- non-monetary gold.

Consumer goods make up 12% of U.S. exports at $206 billion. This is mostly pharmaceuticals ($61 billion), cell phones ($27 billion), and gem diamonds ($20 billion). Consumer spending drives almost 70% of the economy.

Automobiles are next at 10% ($162 billion) of all goods exported. The Big Three U.S. automakers were GM, Ford, and Chrysler but after the 2008 financial crisis this changed as the auto bailout forced them to be more efficient and globally competitive.

A strategic export of United Stated is Agriculture. As the industry benefits from government subsidies they can offer lower prices than foreign competitors. The biggest agricultural exports are shown below:

• Soybeans ($20 billion
• Meat and poultry ($20 billion)
• Corn ($9 billion)