International trade is an essential component of the U.S. economy. It is the exchange of goods and services between countries. Consumers in the United States benefit from the variety of products that come from abroad. They also benefit from exporting products to other countries. The U.S. imports more than it exports, but it still exports a large amount of goods and services. These exports total about $2.2 trillion per year. Of this total, about $1.5 trillion are goods while $700 billion are services.