U.s. Export Competitiveness : United States Essay

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Timeline of U.S. Export Competitiveness The United States is recognized as one of the oldest countries involved in international trade. Over the years, the country has been regarded among the leading exporter in the world. In fact, the United States is classified as the second largest export economy in the world as also the 5th most complex economy in the globe. It is important to note that the United States exported oil as early as in 1913where it sold her oil to most countries including Japan. Apart from oil, the US has also been in a leading position as far as export of refined petroleum, cars, planes, helicopters, automobiles, Medicare products and computers just to mention a few. Most of the US trading destinations include México, Canada, China, Japan, and Germany (Workman, 2016). It is also worth noting that the United States has also exported machines, electronics, vehicles, oils, medical equipment and organic chemicals to other Asian and African countries thus making America a leading exporter for several decades. For instance, the country’s export market accounts for a significant percentage of the country’s total output. For example, in 2015, machines, engines and pumps represented the highest proportion in the export market. They accounted for 13.7% of the total exports and amounted to US$205.8 billion. Electronic equipment shipped during the same period amounted to $169.8 billion which represented 11.3% of the total exports. Vehicles, oil, and medical
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