Exports in United States
Revised data shows that GDP grew 1.3% in quarter-on-quarter annualized terms in Q1, slightly above the initial estimate. Underlying momentum was stronger than the headline reading, which was weighed on by a drop in private inventories: Household and government consumption gained speed in the quarter, while fixed investment declined at a softer rate. Turning to Q2, available data is positive: The composite PMI rose through May, while core retail sales and payroll gains both beat market expectations in April. In politics, at end-May, President Biden and Republican Speaker of the House Kevin McCarthy reached a deal to raise the debt ceiling. Congressional approval—which is not guaranteed—would avert a damaging default but also cap government spending for the next two years, dampening domestic demand slightly ahead.
United States Exports Chart
This chart displays Exports (USD billion) for United States from 2013 to 2022.
United States Exports Data
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Merchandise Exports (USD bn) | 1,557 | 1,677 | 1,655 | 1,434 | 1,766 |