The United States is the largest exporter of food products
worldwide, sending massive amounts of plant and animal products around the
world.
The United States is the
sixth richest country in the world as of 2014, a fact which does not surprise anyone
considering that it is also the top exporter of food. Among the top export destinations
of the United States are Canada, Mexico, China, Japan and Germany.
A significant share of the
total production of numerous vital commodities is absorbed by the US
agriculture export markets. In the last two decades, the country has
experienced periods of total decline as well as periods of rapid
development precipitated by a shift in both the variety of US agricultural
products being exported as well as the ports of call for these products.
US Total
Gross Domestic Product - As per data obtained from the International Monetary Fund’s
World Economic Outlook Database, the US total Gross Domestic Product went up to
$17.42 trillion in 2014. This means that export is responsible for around 9.3
percent of America’s economic output. With the United State’s population of
roughly 321.4 million people and $1.62 trillion exports in 2014, this
translates to around $5040 for every person living in the America. This is
despite their unemployment rate of 6.2% reported in the same year.
The Fastest Growing US Exports - Dairy, eggs and honey rank third in the United States list of rapidly growing exports in 2014 with a marked increase amounting to 91.4% and a value of $6.2 billion. Second on the list is oil which increased by 94.2%, garnering a value of $157.2 billion while fur skin and artificial fur went up by 101.7% at a $583 billion value.
Top US Exports Worldwide - While the United States is recognized as the topmost food exporter of the world in 2014, food products are nowhere near the top 10 most exported products of said country. Machines, engines and pumps makes up 13.5% of their exports with a value of $219.6 billion followed by electronic equipment at 10.6% and a value of $172 billion. Oil, the country’s fastest growing export product is also third in the list of top US exports at 9.7% share and $157.2 value.
The Top US Food Exports - There are two main categories dividing exports of food products in the United States namely animal products and plant products. Fish/seafood, animal fat, poultry meat and eggs, red meats and dairy products are considered animal products while vegetable oils, food grains, nuts, wine, coffee, spices, cocoa, sweeteners, fruits and beer comprise the plant product category.
Largest Food Exports By Country
$ Billions
1
|
UnitedStates
|
$149,122,000,000.00
|
2
|
Netherlands
|
$92,845,387,781.00
|
3
|
Germany
|
$86,826,895,514.00
|
4
|
Brazil
|
$78,819,969,000.00
|
5
|
France
|
$74,287,121,198.00
|
6
|
China
|
$63,490,864,000.00
|
7
|
Spain
|
$50,960,954,460.00
|
8
|
Canada
|
$49,490,302,612.00
|
9
|
Belgium
|
$43,904,482,740.00
|
10
|
Italy
|
$43,756,176,567.00
|
11
|
Argentina
|
$37,171,872,677.00
|
12
|
India
|
$36,730,472,555.00
|
13
|
Indonesia
|
$35,388,703,128.00
|
14
|
United
Kingdom
|
$32,254,855,325.00
|
15
|
Australia
|
$31,983,827,777.00
|
16
|
Thailand
|
$30,847,701,710.00
|
17
|
Poland
|
$27,695,284,096.00
|
18
|
Malaysia
|
$26,007,912,734.00
|
19
|
Mexico
|
$25,096,945,000.00
|
20
|
New
Zealand
|
$24,349,794,600.00
|
21
|
Viet
Nam
|
$21,735,449,502.00
|
22
|
Denmark
|
$21,257,823,712.00
|
23
|
Russian
Federation
|
$19,774,507,828.00
|
24
|
Turkey
|
$17,758,630,434.00
|
25
|
Chile
|
$16,969,836,538.00
|
Other key export products
of the United States in 2014 are railway and tram equipment, alcoholic
beverages, zinc, aircraft and spacecraft, collector items, arts and antiques.
Remarkably, organic chemicals is the slowest growing category in the list which
increased only by a modest percentage of 3.5%.
The United States
Department of Commerce’s International Trade Administration provides the trade
database where the dollar valuation of food exports is based on. On the other
hand, food categories are identified according to the code provided by the
North American Industry Classification System or NAICS.
Norb Leahy, Dunwoody
GA Tea Party Leader
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