{"id":33,"date":"2017-08-01T15:20:07","date_gmt":"2017-08-01T15:20:07","guid":{"rendered":"http:\/\/www.freightcrunch.com\/blog\/?p=33"},"modified":"2017-08-10T05:20:14","modified_gmt":"2017-08-10T05:20:14","slug":"top-10-commodities-us-2017-vs-2006","status":"publish","type":"post","link":"http:\/\/www.freightcrunch.com\/blog\/2017\/08\/01\/top-10-commodities-us-2017-vs-2006\/","title":{"rendered":"Top 10 Commodities Imported\/Exported in the US: 2017 vs 2006"},"content":{"rendered":"
\"top
Top 10 Commodities Imported\/Exported in the US: 2017 vs 2006<\/em><\/figcaption><\/figure>\n

When it comes to exports just over a decade ago, transportation equipment led the way with over $218 billion worth of products and services. With the US not producing as many electronic goods in 2006, this sat in second with $169 billion with forestry products rounding off the top three with $133 billion. Interestingly, energy-related products had the largest trade deficit (exports – imports) after importing $280 billion more than was exported. Here are the Top 10 commodities imported and exported by the US in the year 2017 versus 2006.<\/p>\n

Transportation Equipment – $218 billion<\/p>\n

Electronic Equipment – $169 billion<\/p>\n

Forestry Products – $133 billion<\/p>\n

Machinery – $92 billion<\/p>\n

Minerals and Metals – $82 billion<\/p>\n

Agricultural Products – $76 billion<\/p>\n

Energy-Related Products – $39 billion<\/p>\n

Forestry Products – $30 billion<\/p>\n

Special Provisions – $29 billion<\/p>\n

Miscellaneous Manufactures – $22 billion<\/p>\n

Exports in 2017 <\/span><\/b><\/p>\n

\u00a0<\/b><\/p>\n

Perhaps unsurprisingly, machinery including computers and equipment now tops this list with $358 billion worth of exports (25% of all exports). As before, we can split these into two with $191 billion going to machinery and $167 billion accounting for electrical equipment. Rounding off the top three, we have aircraft and spacecraft which has been split from vehicles which are in fourth place; these two are worth $135 billion and $124 billion respectively.<\/p>\n

Other Machinery – $191 billion<\/p>\n

Electrical Machinery – $167 billion<\/p>\n

Aircraft and Spacecraft – $135 billion<\/p>\n

Vehicles – $124 billion<\/p>\n

Mineral Fuels – $95 billion<\/p>\n

Optical and Medical Apparatus – $82 billion<\/p>\n

Plastics – $58 billion<\/p>\n

Precious Metals – $58 billion<\/p>\n

Pharmaceuticals – $47 billion<\/p>\n

Organic Chemicals – $34 billion<\/p>\n

Summary<\/span><\/b><\/p>\n

In 10 years, there have certainly been some changes when it comes to both imports and exports<\/a> and the biggest of all is the sharp increase in both for electronic goods; perhaps we shouldn’t be surprised by this. Elsewhere, the overall amount of exports has increased which perhaps alludes to the growth of the US on the international market which has enabled companies like Foxconn to spend $10 billion on a brand new plant in Wisconsin. According to Wisconsin Governor, Scott Walker, the project should be called \u2018Wisconsin Valley\u2019 since the impact of the new plant is expected to be as big as Silicon Valley in San Francisco.<\/p>\n

With this news breaking just recently, what does it mean for the US as a whole? Over the next decade, will the imports of raw materials continue to decline? Will the electronics niche keep growing to match the figures seen elsewhere? For now, we can\u2019t be sure but one thing is for certain; it\u2019s going to be interesting to watch as it unfolds!<\/p>\n","protected":false},"excerpt":{"rendered":"

When it comes to exports just over a decade ago, transportation equipment led the way with over $218 billion worth of products and services. With the US not producing as many electronic goods in 2006, this sat in second with $169 billion with forestry products rounding off the top three with $133 billion. Interestingly, energy-related […]<\/p>\n","protected":false},"author":1,"featured_media":80,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6,9],"tags":[39,35,34,33,38,37,41,40,36],"class_list":["post-33","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-customs","category-tips-of-the-trade","tag-brand-new-plant-in-wisconsin","tag-commodities","tag-exports","tag-imports","tag-san-francisco","tag-silicon-valley","tag-top-commodities-exported","tag-top-commodities-imported","tag-wisconsin"],"yoast_head":"\nTop 10 Commodities Imported\/Exported in the US: 2017 vs 2006<\/title>\n<meta name=\"description\" content=\"In this article, you will learn the Top 10 commodities imported and exported by the United States 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