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May is World Trade Month 2014

May 1, 2014

Ken Hyatt is the Acting Under Secretary of Commerce for International Trade.

Happy World Trade Month!

For years, May has been the time to not only recognize the benefits of international trade, but also for organizations around the country to support more American companies competing overseas.

For the United States, the benefits of trade have been great, as have our successes. We recently announced that for the fourth straight year, the United States set a record for annual exports in 2013, at $2.3 trillion. That is a 40 percent growth in total exports since 2009.

Behind those exports are millions of well-paying American jobs – a record 11.3 million jobs to be exact. That number is an increase of 1.6 million from 2009.

As more American businesses compete and succeed in the global marketplace, the entire national economy reaps benefit.

Around the country, state and local governments, nonprofit organizations, and private sector entities are supporting events to help more American companies engage in the global marketplace. We tip our hat to every organization throughout the country that is supporting world trade events this month and all year long.

Here are just a few of the events going on:

From Los Angeles to New York City, Montana to Alabama, trade-promotion seminars are connecting small companies to opportunities and helping get more business leaders involved in the global market.

We encourage small businesses to connect with events in their area to learn more about how engaging in the global marketplace can support your business! Contact your nearest Export Assistance Center to find events or to learn how you can tap into the 95 percent of global consumers who live outside the United States.

We also encourage you to follow the International Trade Administration on Twitter at @TradeGov where we will be highlighting many of the great events going on. Share pictures from your events and lessons learned using #WorldTradeMonth.

I’m very excited to celebrate World Trade Month with all of you!

4 comments

  1. “Trade” includes imports. Imports do a lot of good things for the US economy: millions of high-paying, unionized jobs; lower prices for consumers AND manufactures (61% of US imports are inputs for farmers or manufacturers). Importing and exporting are intertwined in global supply chains. Please remember to also talk about the benefits of imports during World TRADE week — not just exports!


    • Excellent point, Laura! Trade is a two-way partnership and the benefits come from both imports and exports. ITA is an export-promotion agency, so our focus lies there, with helping American companies succeed getting their goods and services in foreign markets.


  2. Don’t forget that May 5-9 is Imports Week. While ITA promotes exports, many of those exports include imported components which are critical to U.S. global competitiveness. Without those imports, you won’t have the exports to promote. http://www.importswork.com/leading-trade-groups-announce-third-annual-imports-work-week-on-may-5-9-2014/


  3. An exciting World Trade Month, these impressive achievements are worthy of pride, looking forward to a more competitive economy.
    .



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