Industries with Biggest Decline in Exports in United States in 2025

• 1. Acne Treatment Manufacturing OTC in the US

  Decline in Exports for 2025: -22.6%

  The Acne Treatment Manufacturing OTC industry benefits from fairly stable demand because acne-prone individuals consider them a necessary expense. However, adolescents comprise the industry's largest market. High unemployment levels and low disposable incomes within this shrinking age bracket have caused sales of over-the-counter (OTC) acne treatments to drop. Moreover, the industry has been undercut by less expensive goods produced abroad. Increasingly, manufacturers have sought to locate in...

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• 2. Tractors & Agricultural Machinery Manufacturing in the US

  Decline in Exports for 2025: -16.1%

  The agricultural machinery manufacturing industry in the US is facing significant hurdles due to high crop stocks and persistent interest rates. While strong crop prices expanded machinery sales early in the current period, record-high production levels have since led to an oversupply, causing crop prices to plummet. Consequently, farmers' incomes have fallen, resulting in tightened budgets and deferred machinery purchases. Additionally, the market has been impacted by high interest rates, ma...

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• 3. Cutting Tool & Machine Tool Accessory Manufacturing in the US

  Decline in Exports for 2025: -13.4%

  The Cutting Tool and Machine Tool Accessory Manufacturers industry has been continually challenged by rising Import penetration into the market, undermining industrial production growth from a range of downstream sectors. Even as engineering-heavy sectors like manufacturing, oil and gas expanded, the domestic production was challenged by a flood of lower coasts cutting tools from abroad, amplified by all the more by a strong dollar. These factors have challenged the industry's growth during t...

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• 4. Oilseed Farming in the US

  Decline in Exports for 2025: -11.8%

  The oilseed industry has seen an overall revenue decline, dropping at a CAGR of 0.4% over the current period, reaching an estimated $1.372 billion by the end of 2025. This downturn is heavily influenced by global production trends, where record oilseed outputs and rising stock levels apply sustained price pressure. In the biofuel sector, volatile policies in the US and abroad have introduced uncertainty, but strong consumption continues to provide crucial demand support as international manda...

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• 5. Semiconductor & Circuit Manufacturing in the US

  Decline in Exports for 2025: -11.6%

  The semiconductor industry is a cornerstone of the US economy and national security. Despite its complex nature and vast scale, the sector thrives on substantial capital investment, innovative prowess and strong international partnerships. In the US, the semiconductor business demands significant costs that often exceed competition overseas, including state-of-the-art equipment and the wages that attract highly skilled engineers. Though revenue does not resemble levels decades ago, the indust...

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• 6. Audio & Video Equipment Manufacturing in the US

  Decline in Exports for 2025: -11.5%

  Over the past five years, the industry's performance has reflected both shifting consumer preferences and intensifying import competition. Rising demand for enhanced comfort and usability in audio tools hasn't been enough for domestic companies to go head-to-head with international brands dominating mass-market sales. Because of this, manufacturers have shifted their strategies, focusing on niche categories such as high-end wired and wireless audio gear and custom in-car audio systems. This s...

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• 7. Tobacco Growing in the US

  Decline in Exports for 2025: -10.6%

  The tobacco industry is undergoing significant transformation, marked by a steep decline in smoking rates. Currently, US adult cigarette smoking has reached a historic low of 10.8% in 2023, driven by the rising popularity of nicotine substitutes like vapes and pouches. This shift in consumer preference has sharply curtailed domestic tobacco demand, echoed by fragmented international demand where pockets of Asia and Eastern Europe maintain some interest. Overall industry revenue has been adver...

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• 8. Soybean Farming in the US

  Decline in Exports for 2025: -10.3%

  The US soybean farming industry is navigating significant changes in the current period, with soybean prices determining the initial rise and recent decline in industry performance. These prices have been influenced by several key factors, including the growing demand for biofuels and mixed consumer perceptions regarding soy products. The demand for soybean oil in biofuel production surged due to supportive policies like the Renewable Fuel Standard and rising crude oil prices, creating a lucr...

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• 9. Inorganic Chemical Manufacturing in the US

  Decline in Exports for 2025: -10.1%

  The industry has grown over the past five years, which has been marked by several influencing factors. One factor contributing to this growth has been the implementation of advanced manufacturing technologies, such as catalytic reaction innovations, which have enhanced production efficiencies. Regulatory changes, particularly the 2018 Toxic Substances Control Act amendments, have compelled companies to adapt their processes, leading to a shift towards environmentally sa...

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• 10. Jewelry Manufacturing in the US

  Decline in Exports for 2025: -8.8%

  Jewelry manufacturers have endured significant volatility in recent years. Jewelry sales are largely discretionary, making demand highly dependent on downstream macroeconomic factors like disposable income, inflation and unemployment. Per capita disposable income has increased in recent years, although these increases did not translate to higher demand in 2020, mainly because of heightened consumer uncertainty. Although improving macroeconomic conditions allowed the domestic industry to recov...

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