Tracking U.S. Exports by Individual State
Let's Dive into the Global Reach of U.S. Exports 🌐
(Credit: OnDeck Capital)
Ever wondered where your hard-earned dollars are ending up when you buy American-made goods? Well, hold onto your hats, folks! American lending firm OnDeck Capital has unveiled a visual map to show off the global destinations of the U.S.'s exports in 2022, just using data from the U.S. International Trade Administration (ITA).
Here's the break-down:
Canada, eh?
According to this dazzling visualization, our friendly neighbors to the north snagged the top spot as the biggest foreign trading partner for a staggering 34 out of 50 U.S. states. I guess Canada's multiculturalism extends to their appetite for American goods.
King of the Hill
Aside from Canada, who's the top exporter among states? None other than the Lone Star State – Texas! With approximately $144.3 billion, they're leading the pack in exporting goods worldwide. That's one heck of a cowboy hat, y'all.
Visuals Speak Louder than Words 🗣️
For more details on the specific states, their leading trading partners, and the value of their exports, you'd better check out the U.S. International Trade Administration website or dive into OnDeck Capital’s official documents. It's a treasure trove of trade secrets, my friend!
By the way, depending on the state's economic and geographic makeup, you'd usually see the likes of Canada, Mexico, China, Japan, and the European Union countries as the primary trading partners.
- Canada-adorning states deliver a slew of machinery, automotive parts, and agricultural products to their northern neighbors.
- Southern states cater to Mexico with automotive, electronics, and agricultural exports.
- Coastal states with ports on the Pacific Ocean typically send ships filled with electronics, tech, and machinery bound for China or Japan.
The total value of the exports varies from state to state, ranging from millions to billions of dollars, based on their economic size and industrial base. So sit back, relax, and get ready to geek out on some serious export stats. Exciting times ahead! 🚀📈
In the realm of global business, data from the U.S. International Trade Administration reveals the finance industry plays a significant role in the distribution of American-made goods, with Texas, in particular, leading the finance sector in export value, amounting to approximately $144.3 billion. As for the top foreign trading partner, 34 out of 50 U.S. states enjoy a robust trade relationship with Canada, contributing to the export of various goods such as machinery, automotive parts, and agricultural products.
