Fastest Growing Industries by Exports in the US in 2025

1. Oil and Gas Drilling Equipment Manufacturing in the US

Growth in Exports for 2025: 486.1%

The Oil and Gas Drilling Equipment Manufacturing industry provides machinery and equipment to oil and gas extractors. Major global events, such as the pandemic and the Ukraine war, have negatively impacted machinery manufacturers by creating significant volatility in commodity prices. Major production and travel slowdowns harmed demand for oil and gas, resulting in fewer extraction projects and lowering the need for machinery. Although prices bounced back as the economy re-opened, many oil and gas companies turned to imported machinery, which is more affordable. The Ukraine war, however, disrupted the global oil and gas supply chain, boosting demand for domestic production.... Learn More

2. Brand Name Pharmaceutical Manufacturing in the US

Growth in Exports for 2025: 46.9%

Over the past five years, the Brand Name Pharmaceutical Manufacturing industry has experienced several new drug launches, with over 28 novel drugs approved in 2022 (latest data available). Given increasing price scrutiny, competition from generics, intensifying market competition among brand-name producers and rising research and development expenses, many manufacturers have shifted their strategic focus to more lucrative therapy areas, such as rare diseases and oncology. As a result, many companies pivoted their pipelines to rare diseases, in which low prescription volumes can be offset by high per-unit costs and benefit from orphan drug exclusivity, which grants longer patent exclusivity in... Learn More

3. 3D Printer Manufacturing in the US

Growth in Exports for 2025: 19.3%

The 3D printer manufacturing industry has seen significant growth over the past five years, increasing at a CAGR of 14.6% to $7.7 billion, which includes 19.1% growth in 2023 alone. As prices for 3D printers declined, additive manufacturing has become more attractive to both businesses and consumers. The outbreak of COVID-19, which led to massive supply disruptions, has led the public and the government to consider new applications of 3D printing. The Additive Manufacturing (AM) Forward program, launched by the Biden Administration in 2022, focuses on advancing the development and adoption of 3D printing technologies in the US.

Additive manufacturing has... Learn More

4. Hybrid & Electric Vehicle Manufacturing in the US

Growth in Exports for 2025: 18.0%

The Hybrid and Electric Vehicle Manufacturing industry has boomed as the use of renewable energy sources surged in popularity. Hybrid electric vehicles (HEV) and electric vehicles (EV), including plug-in electric vehicles (PEV) and plug-in hybrid electric vehicles (PHEV), have seen a dramatic rise in sales amid elevated oil and gas prices. With concerns about the environment, new entrants continue to flood in looking to establish market share. New government incentives and infrastructure funding have increased the accessibility of electric and hybrid vehicles domestically. Industry-wide revenue has increased at an annualized 29.6% to $88.8 billion over the past five years, including... Learn More

5. Vodka Distilleries in the US

Growth in Exports for 2025: 15.2%

Like other spirit producers, vodka distilleries rely on a stable flow of sales to on-premise markets (restaurants, bars, nightclubs and more) and off-premise markets (i.e., retailers). COVID-19 interrupted the flow of sales to on-premise markets significantly, as many were forced to temporarily shut down, operate at limited capacity or simply experienced far less foot traffic due to consumers' health concerns. However, off-premise sales uplifted vodka producers, resulting in relatively modest declines at the pandemic's peak and a swift recovery. As a result, revenue has been growing at a CAGR of 1.9% over the past five years and is expected to... Learn More

6. Solar Panel Manufacturing in the US

Growth in Exports for 2025: 12.5%

Solar panel manufacturers, which produce solar modules and cells in the United States, faced strong revenue growth. The industry has long been plagued by import penetration, specifically from Asian products, which flooded the US market with low-cost solar modules and cells. Rising tensions between the United States and China, which subsided once tariffs were imposed, but ultimately led to plummeting imports. Domestic manufacturers benefited tremendously from less competition and were enabled to raise prices. The current period's strong performance is directly linked to a continued public sentiment shift in favor of renewable energy, which will continue to accelerate given the... Learn More

7. E-cigarette Manufacturing in the US

Growth in Exports for 2025: 12.5%

The global e-cigarette market has been highly fragmented and dominated by independent companies; however, with the introduction of the trendy Juul device in 2015 and the boost in youth use, the E-cigarette Manufacturing industry has quickly become a rapidly growing battleground for tobacco giants to innovate industry products to capture revenue from former smokers and new customers. Significant regulatory pressure from federal bodies like the US Food and Drug Administration (FDA), the Centers for Disease Control and Prevention (CDC) and other local and state government bodies has wreaked havoc on the industry since 2019, particularly when it comes to reducing... Learn More

8. Wearable Device Manufacturing in the US

Growth in Exports for 2025: 9.9%

The Wearable Device Manufacturing industry produces many smart wearable devices like smartwatches, wristbands, and smart glasses. The industry is in the very early stage of its life cycle, characterized by high research and development expenditures and strong growth in the number of new entrants. However, unlike other growing industries, import penetration has increasingly challenged this industry. To stay competitive, most companies engaged in developing wearable devices offshore or outsource production abroad. Companies that manufacture wearable devices abroad are excluded from this industry. In contrast, manufacturers included in this industry tend to be relatively large domestic companies with extensive economies of... Learn More

9. Cotton Farming in the US

Growth in Exports for 2025: 9.8%

The Cotton Farming industry has experienced extremely volatile operating conditions over the past five years. COVID-19 caused states and localities to enact quarantines, reducing consumer spending and demand for products made by textile mills and clothing manufacturers. Since these industries are critical cotton buyers, the pandemic caused industry revenue to decline. Plunging cotton prices worsened the industry's performance, as they reduced the value of sales. Surging commodity prices immediately following the pandemic contributed to a partial resurgence, but they also made substitutes more attractive. Trade wars and an appreciating dollar caused exports to fall. Since exports constitute a significant source... Learn More

10. Major Smart Appliance Manufacturing in the US

Growth in Exports for 2025: 9.0%

Major smart appliance manufacturers build smart household cooking appliances, refrigerators and laundry equipment. Revenue for the industry has surged during the current period because major smart appliances have become less expensive and more accessible to consumers, enabling manufacturers to sell to most households for the first time. Rising incomes during much of the current period also benefited the industry, as more money enabled consumers to purchase luxuries, such as major smart appliances. High input prices provided new revenue streams for manufacturers during the recovery from COVID-19, as companies passed on high costs to consumers. Interest rates have soared in recent... Learn More