According to the Observatory of Economic Complexity at the Massachusetts Institute of Technology, the United States exported $1.42 trillion and imported $2.21 trillion in goods in 2016. This made the US the second biggest exporter in the world behind China and the biggest importer in the world ahead of economic giants such as China, Germany, the United Kingdom, and Hong Kong.
What is the most exported product in the world?
Not surprisingly, cars are the most imported and exported product in the world by value. In 2016, the top exporter was Germany which exported $150 Billion in cars. The top importer was the United States which imported $173 Billion in cars.
Worlds Top Export Products 2016
Here are the top 10 exported products in the world in 2016 by total value shipped worldwide in 2016.
1. Cars ($1,350B)
2. Refined Petroleum ($825B)
3. Integrated Circuits ($804B)
4. Vehicle Parts ($685B)
5. Computers ($614B)
6. Pharmaceuticals ($613B)
7. Gold ($576B)
8. Crude Petroleum ($549B)
10. Broadcasting Equipment ($395B)