In 2022, the total value of U.S. trade goods amounted to approximately 5.3 trillion U.S. dollars. This shows the significance and scale of international trade for the economy of the United States. In 2022, the United States imported goods valuing around 3.31 trillion U.S. dollars from international trading partners, in comparison the value of goods exported from the United States to other countries amounted to around 2.1 trillion U.S. dollars.
Import and export trade
The import of trade goods relate to goods brought into the United States. This typically refers to goods grown, produced, or manufactured in other countries. Imports include goods of domestic origin which have been worked on abroad before reentering the United States.
The export of trade goods refer to goods sold internationally which were grown, produced, or manufactured in the United States. It also includes commodities of foreign origin which have been changed in the United States from the form in which they were imported, or which have been enhanced in value or condition by further processing or manufacturing within the United States before again being sold internationally.
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US Census Bureau. (March 1, 2023). Total value of U.S. trade in goods (export and import) worldwide from 2004 to 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/218255/total-value-of-us-trade-in-goods-worldwide-since-2004/
US Census Bureau. "Total value of U.S. trade in goods (export and import) worldwide from 2004 to 2022 (in billion U.S. dollars)." Chart. March 1, 2023. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/218255/total-value-of-us-trade-in-goods-worldwide-since-2004/
US Census Bureau. (2023). Total value of U.S. trade in goods (export and import) worldwide from 2004 to 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/218255/total-value-of-us-trade-in-goods-worldwide-since-2004/
US Census Bureau. "Total Value of U.S. Trade in Goods (Export and Import) Worldwide from 2004 to 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Mar 2023, https://www.statista.com/statistics/218255/total-value-of-us-trade-in-goods-worldwide-since-2004/
US Census Bureau, Total value of U.S. trade in goods (export and import) worldwide from 2004 to 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/218255/total-value-of-us-trade-in-goods-worldwide-since-2004/ (last visited October 31, 2024)
Total value of U.S. trade in goods (export and import) worldwide from 2004 to 2022 (in billion U.S. dollars) [Graph], US Census Bureau, March 1, 2023. [Online]. Available: https://www.statista.com/statistics/218255/total-value-of-us-trade-in-goods-worldwide-since-2004/