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Exports

The U.S. exports more petroleum than it imports. So why are we importing at all?

by Caleigh Wells
May 13, 2024
It's largely about the chemistry of the oil and the mechanics of the refineries. In many cases, importing foreign crude is cheaper.
An oil pumpjack in Texas. Importing foreign crude oil is often cheaper for the United States.
Brandon Bell/Getty Images
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The fallout from a strong dollar

by Mitchell Hartman
Apr 29, 2024
U.S. exports become more expensive overseas, but imported goods become cheaper here in the U.S.
A stronger dollar makes imported goods cheaper, meaning American consumers can buy more stuff.
Matt Cardy/Getty Images
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Strike shuts down St. Lawrence Seaway, a main commercial artery

by Savannah Maher
Oct 23, 2023
A shutdown will affect farmers exporting products from Canada, mostly to Europe and the Middle East.
The Seaway was built by the U.S. and Canadian governments in the 1950s to connect the upper Midwestern states and prairie provinces to global markets.
Andrej Ivanov/AFP via Getty Images
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Israel-Hamas War

Israel-Hamas war's human cost is primary, but geopolitical risk to economy persists

by Nancy Marshall-Genzer
Oct 18, 2023
If the conflict widens to include direct confrontation with other nations in the Middle East, the economic shockwaves could be significant.
“The geopolitical pot is just boiling,” said Bernard Baumohl of the Economic Outlook Group. Above, a man walks through debris in Gaza City on Oct. 11.
Mahmud Hams/AFP via Getty Images
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The U.S. is no longer world's leading exporter of corn

by Meghan McCarty Carino
Aug 31, 2023
Brazil breaks America's near-lock on the top spot for half a century. But corn growers are still doing fine.
Despite losing market share to Brazil, U.S. growers are still selling more corn in absolute terms.
Stefani Reynolds/AFP via Getty Images
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Tradle brings Wordle-style game to global exports

by Kai Ryssdal and Sarah Leeson
Aug 24, 2023
Can you figure out what country exports, say, both crude oil and leather footwear? Gilberto García-Vazquez of Datawheel explains the game.
A screenshot of Thursday's Tradle. Which country is it?
Tradle/Observatory of Economic Complexity
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The dollar's falling back to Earth as other countries raise their own interest rates

by Justin Ho
Aug 22, 2023
A year ago, U.S. exporters were complaining that the dollar was too strong. Not anymore.
A weaker U.S. dollar could help companies that export, while importers might have to pay more for the products they bring in.
Adem Altan/AFP via Getty Images
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U.S. imports rise in April, but share of goods from China decreases

by Kristin Schwab
Jun 8, 2023
The share of goods the U.S. imports from China has declined to its lowest level since 2006, as manufacturers and retailers seek to diversify their supply chains.
China continues to be a big player in the EV space with its patents and lithium supply. Above, a lithium battery manufacturing company in China's Anhui province.
STR/AFP via Getty Images
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U.S. consumer goods and vehicle exports hit a record in January

by Justin Ho
Mar 9, 2023
Some of the increase reflects growing economies in other countries. And it's welcome news for U.S. factories, one economist says.
Any increase in exports is welcome news for U.S. factories, said Chad Moutray with the National Association of Manufacturers.
Justin Sullivan/Getty Images
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A strong dollar is hurting exports, helping imports and expanding the trade deficit

by Mitchell Hartman
Feb 7, 2023
The dollar's strong because the Federal Reserve's been raising interest rates.
American exports have been hurt by the slowing global economy and the strong dollar. Above, a container ship at Cuxhaven, Germany.
Sean Gallup/Getty Images
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