Mish Shedlock:

“United States Top 10 Exports

1. [Petroleum Products] Mineral fuels including oil: US$378.6 billion (18.4% of total exports)
2. Machinery including computers: $229.6 billion (11.1%)
3. Electrical machinery, equipment: $197.7 billion (9.6%)
4. Vehicles: $134.9 billion (6.5%)
5. Aircraft, spacecraft: $102.8 billion (5%)
6. Optical, technical, medical apparatus: $99.1 billion (4.8%)
7. Gems, precious metals: $92.5 billion (4.5%)
8. Pharmaceuticals: $83.5 billion (4%)
9. Plastics, plastic articles: $83.3 billion (4%)
10. Organic chemicals: $51.1 billion (2.5%)

The above list represents 2022, from United States Top 10 Exports

Biden Policy Impact

• Biden energy policies would kill #1, and curtail # 9 and #10.
• Bidens restrictions on sensitive machinery and chips will reduce #2, #3, #5, and #6 exports to China and Russia.

China itself seeks to curtail #4 and #5. What remains are gems, precious metals, and pharmaceuticals.

I am surprised grain exports are not in the top 10. But as Biden has riled China on a number of fronts, it has increasingly turned to Brazil.”

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