America’s top export in 2011 was . . . fuel?
washingtonpost.com
washingtonpost.com
Using NAICS product categories the "top 5" through October appear to be:
1) Transportation Equipment - 164.79 billion
2) Chemicals - 156.7 billion
3) Non-Electrical Machinery - 118.4 billion
4) Computers and Electrical Products - 102.4 billion
5) Petroleum and Coal Products - 81.26 billion
Am I reading this report wrong?
[0] http://www.census.gov/foreign-trade/Press-Release/current_pr...
For example, the article notes, "Aircraft, motor vehicles, vacuum tubes and telecom equipment were next on the list of top exports."
In your list, both aircraft and motor vehicles are are grouped under "transportation equipment," making it a much larger group.
Its pretty easy to make almost anything you want appear to be the "biggest" if you can arbitrarily manipulate the category system used.
I wonder if they count iPads and iPhones as exports or imports. If exports, that means a massive chunk of America's consumer electronics exports are due solely to apple.
Vacuum tubes??!?
Perhaps this is because nobody ever bothered to put a serious effort into outsourcing vacuum-tube production, in the same way ICs and microprocessors have been outsourced, leaving the remaining production still domestic?
Or maybe it's just that there are huge stockpiles of the things sitting around in the U.S. and they're slowly being sold off, both for domestic consumption and export, but the net result is an export of tubes? That wouldn't be hard to believe either.
http://www.washingtonpost.com/business/big-shift-for-gas-guz...
we exported $37.1B worth of vacuum tubes last year. I could be wrong but that amount seems wildly implausible. Could the category actually be "Vacuum tubes, etc." where "etc" is semiconductors?
http://en.wikipedia.org/wiki/Vacuum_tube#Vacuum_tubes_in_the...
I guess that the radars and other high-power radio equipment still uses tubes too
http://www.chicagotribune.com/business/ct-biz-0103-fuel-expo...
http://www.usatoday.com/money/industries/energy/story/2011-1...
http://latimesblogs.latimes.com/money_co/2011/12/the-2011-ar...
http://www.ogj.com/articles/2011/12/market-watch-oil-makes-s...
give more background on the rise in United States fuel exports and when the trend became apparent to federal government energy policy officials.