The United States has one of the largest export markets in the world, second only to China.1 Like many countries, the United States economy has seen ups and downs over the course of the pandemic. Luckily, this large export market has made it out on top.
In this post, we are going to discuss exporting opportunities in the United States for 2022. We’ll start by reviewing how the pandemic affected the US export market. From there, we will discuss some forecasts in the US export market for the next year.
To wrap things up, we will discuss 10 of the most popular exports that B2B suppliers in the United States should consider selling in 2022.
Table of Contents
- Exports in the US after the pandemic
- Exporting opportunities for the US in 2022
- 10 major exports that are profitable in 2022
- Sell on Alibaba.com
Exports in the US after the pandemic
At the beginning of the pandemic, the United States export market took a bit of a hit. In the first half of 2020, exports were down by 16% compared to the previous year.2 The exports continued to decrease throughout the year.
However, by the end of 2021, the US export market fully recovered. In November 2021, the US export market was valued at US $224.2 billion.3
Since the US export market has recovered from the decline caused by the pandemic, it is safe to forecast continued growth. Of course, there is uncertainty with the Omicron variant of COVID-19, but there are several forces at play that will likely create opportunities for exporters in the United States.
Exporting opportunities for the US in 2022
One of the main factors that continuously create exporting opportunities in the United States is the strategic agreements the country has made with trade partners over the years.
The United States has free trade agreements (FTAs) with 20 different countries, including Australia, Peru, South Korea, Chile, Panama, and more.
USMCA is one of the most well-known FTAs that the United States is part of. USMCA is short for “The United States-Mexico-Canada Agreement.” It is a successor to NAFTA, and it is an agreement that permits free trade between Canada, Mexico, and the United States.4
Aside from all of the strategic alliances and policies, American exporters have another major influence on their side at this time: a growing global demand. The past two years have come with endless shortages and supply chain disruptions. COVID-19 outbreaks and government-mandated shutdowns have affected many countries.
Any exporting businesses that can produce the goods to meet the growing demand are at an advantage.
10 major exports that are profitable in 2022
The United States export market is built upon a variety of goods and service exports. When it comes to goods, there are so many great exports that US exporters should consider selling in the upcoming year.
With that said, let’s review 10 types of United States goods exports that are profitable in 2022.5
1. Machines
Machines are the largest export of the United States. Some of the most popular machine exports include computers, broadcasting equipment, integrated circuits, gas turbines, valves, office machine parts, and liquid pumps.
2. Petroleum products
The United States exports a lot of fossil fuels and natural gas, and petroleum products are amongst the most popular.
These products include petroleum gas, refined petroleum, and crude oil.
3. Vehicles
The United States is one of the largest vehicle producers in the world, so it is no surprise that vehicles are amongst the country’s top exports.
Some of the most popular vehicle exports include cars, planes, helicopters, space crafts, delivery trucks, and trailers. Auto parts and aircraft parts are also major exports.
4. Chemical products
Chemical products are profitable US exports. Some of the United States’ most common chemical exports include packaged medicaments, laboratory reagents, alcohols, vaccines, toxins, cultures, beauty products, and pesticides.
5. High-tech instruments
High-tech instruments, especially those used in the STEM field, are also popular exports. These include medical instruments, photo processing tools, orthopedic appliances, thermostats, chemical analysis equipment, and x-ray equipment.
6. Plastic and rubber products
Plastic and products are a great export because they typically travel well since they have a long shelf-life. Ethylene polymers, which is the substance that many plastic products are made of, is a particularly popular export.
The United States also exports a lot of raw plastic sheeting, plastic lids, rubber tires, plastic pipes, and self-adhesive plastics.
7. Metals
The United States exports a lot of metals, including iron, aluminum, titanium, steel, copper, and nickel. Exporters in the US also sell a lot of precious metals, such as diamonds, gold, and platinum.
8. Plant products
Vegetables and other plant products are also among the United States’ most profitable exports. A few of the top plant product exports include soybeans, corn, wheat, rice, nuts, and fruits.
9. Animal products
The United States is also a major producer of animal products. Some of the United States’ top animal product exports include pork, poultry, bovine meat, cheese, fish, and milk.
10. Paper products
Paper products are another profitable US export. What makes paper products such a great export is that they are non-perishable and typically travel well.
The most popular paper product exports include uncoated craft paper, brochures, paper containers, toilet paper, and other
Sulfate chemical wood pulp, which is used to make a lot of paper products, is also a major export from the United States.
Sell on Alibaba.com
The support of a B2B e-commerce platform can enhance the exporting experience. These marketplaces are great for connecting with new buyers in foreign markets.
Alibaba.com, in particular, is equipped with a variety of features that are useful for cross-border trade. These include communication management, automatic translations, and automatic currency conversions.
Alibaba.com also offers Trade Assurance, which protects the buyer and seller in all transactions carried out on the site. This means that Alibaba.com is a highly trusted marketplace.
Sign up for Alibaba.com today to create your online storefront and expand your exporting business.
Digital B2B Outlook 2022 USA
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References:
1. https://worldpopulationreview.com/country-rankings/exports-by-country
2. https://www.brookings.edu/podcast-episode/how-is-covid-19-affecting-us-trade/#:~:text=DOLLAR%3A%20Overall%2C%20exports%20in%20the,other%20parts%20of%20the%20economy
3. https://tradingeconomics.com/united-states/exports
4. https://ustr.gov/trade-agreements/free-trade-agreements
5. https://oec.world/en/profile/country/usa
