U.S. Industrial Supplies Exports Surpassed Capital Goods Exports

Since 2021, U.S. exports of raw and primary products (industrial supplies and materials) have surpassed those of capital goods excluding automotive, driven by soaring fuel exports. In the early 2000s, exports of raw and primary products were less than half of capital goods exports. From 2000 to 2023, exports of raw and primary products increased at twice the rate of other goods. By 2023, the share of raw and primary products in total goods exports had reached 35%.