IMPORTING AND EXPORTING POWERHOUSES - Global Trade Magazine
  January 4th, 2019 | Written by

IMPORTING AND EXPORTING POWERHOUSES

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  • New York: The Empire State may not be the biggest, but it doesn’t stop it from being one of the largest exporters.
  • Out of all 50 states, the Lone Star State brings in the most legal tender, making 18 percent of the U.S export profit.
  • PlayUSA also found that more states spent more money on importing motor vehicle parts and crude oil.

America will always be a financial powerhouse, but how much of their financial strength is due to being one of the top exporting countries of the world? What is the U.S. exporting? And which states are the big spenders and which are big trying to make the money?

PlayUSA launched a study to find out the answer to those questions. Using data from the U.S. Census and elsewhere, the legal online gambling company named the following “The Biggest Exporters: Money Tycoons of The U.S.”

Texas: Out of all 50 states, the Lone Star State brings in the most legal tender, making $99 million in total or 18 percent of the U.S export profit. Their top export is petroleum ($42 million).

California: Although the Golden State is one of the biggest importers, they are also one of the top money makers, with $59 million from exports. (That’s 11 percent of the U.S export profit.) Their top exported category is aircraft parts.

New York: The Empire State may not be the biggest, but it doesn’t stop it from being one of the largest exporters, making $27 million in 2017. Of this, 12 percent was made from exporting Earth minerals like diamonds and coal.

PlayUSA also found that more states spent more money on importing motor vehicle parts and crude oil as opposed to such consumable products as meat and fish, which can be sourced within or close to the United States.

Scan the graphic-heavy report at www.playusa.com