US Exports Hit New High

Exports in the US jumped 5.5% to a record high of $302.1 billion in January 2026, led by sales of nonmonetary gold, other precious metals, computers, civilian aircraft and computer accessories. In contrast, sales were down for pharmaceutical preparations. The US exported the most to the EU ($34.66 billion), Mexico ($32.85 billion), Canada ($27.2 billion), and China ($8.6 billion).

Exports in the US were down 1.7% month-over-month to $287.3 billion in December 2025, the lowest in four months, led by a big fall in nonmonetary gold while sales increased for semiconductors, pharmaceutical preparations and travel. Considering full 2025, exports increased 6.2% to $3,432.3 billion, with nonmonetary gold recording the biggest rise, followed by finished metal shapes, charges for the use of intellectual property and natural gas.

US exports of goods and services fell by $10.9 billion, or 3.6%, to $292.1 billion in November 2025, retreating from the all-time high of $303.0 billion recorded in October. Goods exports dropped $11.1 billion to $185.6 billion, led by a $6.1 billion fall in industrial supplies and materials, particularly nonmonetary gold, other precious metals, and crude oil. Exports of consumer goods also decreased by $3.1 billion, largely due to weaker pharmaceutical shipments, while other goods exports fell by $1.3 billion. By contrast, services exports edged up $0.2 billion to $106.4 billion, supported by travel, charges for the use of intellectual property, and other business services, although government goods and services and financial services declined.