Title: US Exports: Top Categories, Challenges, Opportunities
Headings: US Exports: Top Categories, Challenges, and Opportunities
U.S. & World Economies Economic Terms
US Exports: Top Categories, Challenges, and Opportunities
Why Business Goods Are the Largest Export
Key Takeaways
Top U.S. Exports
Why the United States Doesn't Export More
Article Sources

Content: Why the United States Doesn't Export More
The United States imports more than it exports . Why can't it export more? First, China, India, and other emerging market countries have lower standards of living. That allows them to make consumer goods cheaper than U.S. workers can. In other words, they are better at producing some of the things U.S. consumers need than American companies are. They have a comparative advantage . Second, some European and Japanese companies make better-quality automobiles than U.S companies. Enough Americans prefer foreign cars to make Hondas, Toyotas, and BMWs popular imports. Similarly, some foods are specialized in foreign countries: French croissants and wines, Mexican tequila, and Greek feta cheese.