Asked by: Ivano Griffiths
business and finance gasoline prices

What is the US net exports?

Last Updated: 12th June, 2020

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The top exports of the United StatesareRefined Petroleum ($74.5B), Cars ($56B), Planes,Helicopters,and/or Spacecraft ($54B), Gas Turbines ($31.6B) andPackagedMedicaments ($29.5B), using the 1992 revision of the HS(HarmonizedSystem) classification.

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In this manner, what are the US main exports?

These are the top US exports

  • Top U.S. goods exports.
  • Food, beverage and feed: $133 billion.
  • Crude oil, fuel and other petroleum products: $109billion.
  • Civilian aircraft and aircraft engines: $99 billion.
  • Auto parts, engines and car tires: $86 billion.
  • Industrial machines: $57 billion.
  • Passenger cars: $53 billion.
  • Pharmaceuticals: $51 billion.

Also, what are the top 3 exports? America's Top 10 Exports

  • Machinery – $206 billion.
  • Electronic equipment (including computers) –$170billion.
  • Spacecraft and aircraft – $131 billion.
  • Cars – $127 billion.
  • Petroleum – $106 billion.
  • Medical equipment – $83 billion.
  • Plastics – $60 billion.
  • Gems, precious metals, and coins – $58 billion.

Also question is, is America a net exporter?

In May 2011, the country became a net exporterofrefined petroleum products. As of 2014, the United States wastheworld's third-largest producer of crude oil, after Saudi ArabiaandRussia, and second-largest exporter of refinedproducts,after Russia.

How do you calculate net exports?

The formula for GDP is: GDP = C + I + G + (Ex-Im), where “C” equals spending byconsumers,“I” equals investment by businesses,“G”equals government spending and “(Ex -Im)” equalsnet exports, that is, the value ofexports minusimports. Net exports may benegative.

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