Gross output of total U.S. mining industry 1998-2018

Gross output of total United States mining industry from 1998 to 2018 (in billion U.S. dollars)*

by M. Garside, last edited Nov 7, 2019
Gross output of total U.S. mining industry 1998-2018 This statistic shows the gross output of the United States mining industry from 1998 to 2018. In 2018, the gross output of this industry came to around 624 billion U.S. dollars.
U.S. mining industry

The mining industry in the United States is a huge sector – especially when oil and gas extraction is included. In 2018, the industry generated a gross output of nearly 624 billion U.S. dollars. In 2000, this figure stood at just 218 billion. The value added through this industry was nearly 346.6 billion U.S. dollars in 2018, while this figure was around 81 billion in 1998. Employment in this industry has steadily been increasing over time. In 2000, employment stood at 521 thousand, and by 2018 this figure had increased to some 672 thousand.

The leading U.S. metal and mineral mining companies are Nucor from Charlotte, Freeport-McMoRan from Phoenix, United States Steel from Pittsburgh, and Alcoa from New York. Alcoa is a major player in the aluminum business, covering all segments of production from mining to recycling. In 2018, this company generated some 13.4 billion U.S. dollars in revenue.

However, U.S. companies are not among the top ten mining companies worldwide based on revenue. The most predominant company worldwide is British-Swiss corporation Glencore International, which is active in every segment of the commodity business. In total, Glencore made approximately 220 billion U.S. dollars worth of revenue in 2018. However, a large part of this amount was not made from businesses connected with mining. Globally, the top 40 mining companies made some 683 billion U.S. dollars of revenue combined in 2018.
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Gross output of total United States mining industry from 1998 to 2018 (in billion U.S. dollars)*

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