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U.S. exports, as a percentage of GDP 1990-2018

In 2018, exports of goods and services from the United States made up about 12.22 percent of its gross domestic product (GDP). This is an increase from 9.23 percent of the GDP of the United States in 1990.

Trade and foreign relations

The United States’ GDP is the largest in the world, clocking in at around 19.07 trillion U.S. dollars in 2019. International trade is a huge boon to the U.S. economy, both financially and regarding foreign relations. Trade is a great door-opener for countries, as it shows that they are willing to work together, and as the most powerful economy in the world, the U.S. is an ideal trading partner.

The benefits of free trade

Free trade is especially beneficial for countries who work closely together, as it can help to grow their overall trade volume. The United States, for example, is part of the North American Free Trade Agreement (NAFTA), which is the largest free trade zone in the world. Since the implementation of NAFTA in 1994, Canada, Mexico, and the United States have all benefitted from the agreement through both job and GDP growth.

Exports of goods and services from the United States from 1990 to 2018, as a percentage of GDP

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Source

Release date

April 2020

Region

United States

Survey time period

1990 to 2018

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Statistics on "U.S. export"

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