Archive for the ‘Export Data’ Category

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Jobs Supported by Exports Surge by 1.2 million

March 14, 2012

Martin Johnson and Chris Rasmussen are Senior Economists in the Office of Industry Analysis within the International Trade Administration

For the first time in U.S. history annual exports of goods and services crossed the $2 trillion threshold exceeding $2.1 trillion in 2011.  This increase in exports builds on the strong growth in 2010, and in 2011 exports of U.S. goods and services were up over 33 percent from 2009. This growth in exports corresponded with growth in jobs supported by U.S. exports.

We estimate that in 2011 jobs supported by exports increased to 9.7 million in 2011, up 1.2 million since 2009. While the total value of U.S. exports set an all time record in 2011, jobs supported by exports in 2011 were just shy of the 2008 peak of 9.8 million.  In 2011, every billion dollars of U.S. exports supported 5,080 jobs.

Traditionally we think of export oriented jobs as those engaged in making and transporting goods, like at ports, rail, trucks, and manufacturing facilities, as well as at customs brokers and freight forwarders.

However, jobs all along the supply chain of both manufacturing and service industries are captured in this estimate. That means that all of the people who make and install parts that eventually end up in large equipment or small electronics sold abroad are included in this estimate.

In addition, people who are involved in exporting services, such as legal and financial services and travel and tourism are also included.

While your company may not export directly, if you sell products or services to one that does, you are part of this overall export equation.

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Trends in 2011 Trade – Records Set, Expectations Exceeded

March 5, 2012

The Office of Industry Analysis provides information and analysis pertaining to issues affecting U.S. industry competitiveness.

It’s been said before that exporting has been a bright spot in an otherwise gloomy economic outlook. However, trends are improving in important areas such as manufacturing employment and productivity. Manufacturing is seeing a resurgence in investment and hiring. The average annual productivity in manufacturing grew 2.8 percent from 2010 to 2011. Also, while the manufacturing unemployment rate was 9.9 percent in January, 2011, by January, 2012, it had dropped to 8.4 percent.  Beyond what’s on the domestic horizon, more U.S. subsidiaries of foreign countries are also bringing manufacturing and jobs to the U.S., contributing to the export boom.

This past year saw a number of key records set and overall export growth on track to double exports by 2014.  For the first time, total exports exceeded $2 trillion, $2.1 trillion to be exact. U.S. merchandise exports increased $202 billion to a record $1.48 trillion from 2010 to 2011.U.S. Exports to the top ten markets which include Canada, Mexico, China, Japan, UK, Germany, South Korea, Brazil, the Netherlands, and Hong Kong

Exports of petroleum and coal products jumped $40 billion, to a record $101 billion from 2010 to 2011.  The increase in these products accounted for one-fifth of the $202 billion national increase.

Looking more closely at categories that had some of the strongest growth we see records set in nearly every major manufacturing category. Industrial supplies represented the largest goods export category (end-use) for the U.S. with a record $499.5 billion worth of exports in 2011, followed by capital goods (a record $491.4 billion); consumer goods (a record $176.3 billion); automotive vehicles and parts (a record $132.5 billion); foods, feeds and beverages (a record $126.1 billion); and other goods ($54.9 billion).

Exports of services were also record-breaking, as was the overall surplus the U.S. enjoys in the services trade balance. The services trade surplus reached $179 billion, up 22.8 percent from the $145.8 billion surplus in 2010. The U.S. showed large surpluses in royalties and license fees ($84.1 billion), other private services ($80.3 billion) and travel ($36.4 billion).

It stands to reason that while the nation as a whole set records for exports, most states also saw growth in their exports to the world. Thirty-six states experienced double-digit merchandise export growth in 2011; 23 states exceeded the national average of 16 percent growth for merchandise exports.

Texas accounted for 21% of the nation’s increase in merchandise exports from 2010 to 2011. Texas, California, Illinois, Louisiana, and New York accounted for close to one-half of the increase in goods exports from 2010-2011.

Some of the states that saw the largest percentage growth in exports last year include West Virginia, Utah, New Mexico and Nevada.

Merchandise exports to some of our largest trading partners also grew to record-setting heights last year.  Our exports to Mexico, The Netherlands, Australia and Brazil grew more than 20 percent from 2010.

U.S. merchandise exports were also at record levels to all of the priority emerging markets under the President’s National Export Initiative, including China, Brazil, India, Turkey, Colombia, Saudi Arabia, Indonesia, South Africa, and Vietnam.

Our export growth will continue as U.S. businesses find new markets and new partners and expand on the current partnerships they’ve already established.

For more information about this and other export data, visit the International Trade Administration’s Office of Industry Analysis http://www.trade.gov/mas/ian/index.asp

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2011 Export Success Highlights

January 13, 2012

The International Trade Administration helps thousands of companies every year and we’d like to highlight a few of our most recent success stories from this past year.

Sirchie of North Carolina wins $1.1 million contract with Brazilian government

Sirchie of Youngsville, North Carolina manufactures crime scene investigation kits and materials used by law enforcement officials worldwide. Sirchie contacted the U.S. Commercial Service office in Raleigh for assistance in selling law enforcement products to the government of Brazil.

Sirchie used a Gold Key Service, which would introduce them to prospective buyers in Brazil as well as give them the opportunity to meet with key industry officials and ministries, including local police and law enforcement. In advance of the Sirchie’s trip to Brazil, the trade specialists in the Commercial Service in Brazil also provided Sirchie with information on the government procurement process in Brazil and how Sirchie could tap into opportunities selling to the Brazilian government.

As a result of assistance from the Commercial Service, Sirchie won a Brazilian government tender and sold $1.1 million of export product to the Brazilian government.

Great Lakes Dredge & Dock Company of Illinois Wins $51 million project in Bahrain

This past November, Great Lakes Dredge & Dock Company, LLC (GDD, Oak Brook, IL) signed a contract with the Bahraini Ministry of Housing to provide dredging and land reclamation services for the East Hidd Housing Development project. GDD competed against companies from the Netherlands, Algeria, and China. The strong advocacy effort provided by the Commercial Service and the U.S. Embassy staff in Bahrain was key to the success of this advocacy campaign. The final project value was $57 million, with $51 million in U.S. export content, supporting 280 U.S. jobs.

Food Concessionaire, International Meal Company (IMC) of Massachusetts Overcomes Panamanian Trade Barrier

IMC, headquartered in San Juan, Puerto Rico, and Boston, Massachusetts, overcame a foreign trade barrier with the assistance of the Department of Commerce’s Trade Agreements Compliance Program, led by the Market Access and Compliance Unit that threatened to have its airport food‐court concession revoked.

IMC’s concessions in Panama are worth $6 million. After winning a bidding process and opening various food and beverage concessions at Panama’s Tocumen Airport, IMC’s multi‐million dollar investment was jeopardized by the Government of Panama’s failure to ratify its contract.

The International Trade Administration and the U.S. Embassy intervened on behalf of IMC with the Panamanian Government and Tocumen Airport Authority, urging the Panamanian Comptroller to review and ratify IMC’s contract for the food‐court concessions. Thanks to these efforts, the contract is now ratified, and IMC is able to continue its operations in Panama with contractual protection.

Garmin Marine Navigation GPS Units of Kansas Navigates Turkish Customs

Garmin of Olathe, Kansas, tapped into the resources of the International Trade Administration to ensure its $1.5 million worth of marine navigational GPS units cleared Turkish customs. Turkish customs claimed that the CE Mark Directive on Radio and Telecommunications Terminal Equipment (R&TTE) required that these products be tested and certified at a third-party lab recognized by the European Union (EU). However, the R&TTE Directive allows for the marine navigational GPS units imported by Garmin to be self‐certified.

ITA officials, working in close collaboration with the Commercial Service at the U.S. Embassy in Turkey, worked with Turkish government officials to explain that marine navigational GPS units can be self‐certified by an accredited independent lab, in compliance with the relevant EU standard. As a result, Turkish customs officials correctly assessed Garmin’s products and accepted its self‐certification.

Garmin reported in May that its most recent shipments to Turkey had gone through customs smoothly and the company does not anticipate any trouble getting these products into Turkey in the future.

These are but a few of the successful sales and logistical issues that the global staff of the International Trade Administration helped to realize for American businesses. To learn more about pursuing overseas markets or to get help resolving a market access issue, visit export.gov.

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October 2011 Trade Facts and Figures – Autos and Europe

December 9, 2011

Cory Churches is a Communication and Outreach Specialist in the Office of Public Affairs at the International Trade Administration

Today the Commerce Department announced the figures for international trade in goods and services for the month of October. Year-to-date, exports have grown nearly 16 percent. One area that has had particularly strong growth in exports is the auto sector. Exports of passenger cars in the first ten months of 2011 is nearly 25 percent over the same period last year. Those vehicles are finding homes in driveways and garages in Canada, Germany, Saudi Arabia, Mexico and the UK.

As Secretary Bryson said this morning,

Today’s numbers clearly show the positive impact of exports on the American economy. So far this year we have seen six months of record-breaking growth of exports. Our initiatives are working for the American people. Since the President implemented the National Export Initiative in January 2010 monthly exports have increased 25 percent.

Exports continue to be a bright spot in our still recovering economy.

Europe and the EU have been in the news constantly and it’s worth noting that in 2010, exports to the 27 members of the European Union still represented nearly 19 percent of U.S. merchandise exports. The European Union is an important market for high value U.S. goods, with the largest U.S. export categories to the EU-27 market being chemicals, transportation equipment, computer and electronic products and machinery.

Demand in the Euro-zone countries has been the slowest to recover continuing into 2011. Through the first ten months of 2011, U.S. merchandise exports to these countries increased 13.4 percent. European Union members outside the Euro-zone have grown at a more rapid 15.6 percent. Outside the Euro-zone, the United Kingdom has led growth in  2011 with U.S. merchandise exports increasing 15.1 percent or $6.1 billion in the first ten months of 2011 (compared to the same period of 2010).

You can find more facts and figures about our trade with the EU and Europe in our Export Fact Sheet and about today’s trade figure release in the Census Bureau’s full report.

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Cross-Border Services Trade Data Available for 2010

November 22, 2011

David Moore is an economist in the Office of Trade and Industry Information within the International Trade Administration.

We talk a great deal about exports of goods, however, private services-producing industries have become an increasingly important share of the U.S. economy, rising from 48 percent of GDP in 1947 to nearly 69 percent in 2010. The largest growth sector over this period have been the finance, insurance, and real estate (FIRE) sector which rose from nearly 11 percent of GDP in 1947 to more than 21 percent in 2010. Professional and business services have also risen from just 3 percent of GDP in 1947 to more than 12 percent of GDP in 2010.

Services Trends as a Percent of GDP: 1947-2010.

From 1947 to 2010, the services sector’s share of GDP has risen from 48 percent to nearly 69 percent.

From 1947 to 2010, the services sector’s share of GDP has risen from 48 percent to nearly 69 percent.

Indeed, the casual observer wouldn’t be inaccurate in concluding that the U.S. is a post-industrial, services based economy. However, it’s only relatively recently that services have become an important source of export growth as well as these services that are integral to the U.S. economy are increasingly sought out by foreign buyers overseas. In the October 2011 Survey of Current Business, the Bureau of Economic Analysis has released the latest data for services in their article “U.S. International Services: Cross-Border Trade in 2010 and Services Supplied through Affiliates in 2009.” This report shows that in 2010, the U.S. sold a record $530.3 billion in services to the world, up 8.7 percent from the $487.9 billion exported in 2009.

Cross-Border U.S. Services Trade reached an all-time high in 2010

Cross-Border U.S. Services Trade reached an all-time high in 2010

In fact, as shown in the chart to the left, the U.S. is running a significant surplus in services trade. While the U.S. exported $530.3 billion in services in 2010, U.S. services imports totaled only $368.0 billion, causing the U.S. trade surplus in services to total $162.2 billion. When comparing these services numbers and trends with the U.S. deficit on trade in goods (which climbed to $645.9 billion in 2010), the United States has consistently generated a surplus in services trade, a noteworthy detail for those businesses that want to grow their service opportunities outside the United States.

The latest presentation on U.S. Trade in Services prepared by the Office of Trade and Industry Information is on our website.

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Inaugural U.S.-Turkey Business Council Meets in Istanbul

October 4, 2011

By Mary Trupo, Director of Public Affairs for the International Trade Administration.

The inaugural meeting of the U.S.-Turkey Business Council was held September 19 in Istanbul, Turkey. It brought together 16 U.S. and Turkish business leaders to provide joint policy recommendations to both governments on ways to strengthen bilateral economic relations for expanded trade and investment.

The council was established in late 2010, and is made up of senior-level executives from both countries, who meet at least once a year. The meeting in Istanbul was cochaired by Francisco Sánchez, under secretary of commerce for international trade, and Ahmet Yakici, Turkey’s under secretary for economy.

The importance of improving commercial ties between the two countries was underscored by Sánchez in remarks to attendees, “While our close government-to-government ties are essential, our companies are ultimately conducting the business necessary for economic development. Strong involvement of the private sector is critical to our goal of increasing U.S.-Turkey trade and investment.”

According to the latest trade figures, through July 2011 total U.S. trade with Turkey reached almost $12 billion. This represented a nearly 50 percent increase over the same period in 2010. If this trend continues, full-year 2011 bilateral trade between the United States and Turkey will likely break all previous records. Through July, U.S. exports to Turkey totaled $8.8 billion.

Turkey is a priority market under President Obama’s National Export Initiative (NEI). Increasing trade and investment ties with this trading partner will help achieve the NEI’s goal of doubling U.S. exports by the end of 2014, supporting millions of U.S. jobs, while also improving the Turkish people’s access to the world-class products and services of U.S. businesses.

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Good News in July Export Numbers

October 4, 2011

By John Ward, a writer in the International Trade Administration’s Office of Public Affairs.

Growth in U.S. Exports With Strength in These Sectors: Monthly exports of U.S. goods rose from $77 billion in January 2009 to $125 billion in July 2011. Exports of services rose from $40 billion to $51 billion in the same period. Year over year exports increased $9.6 billion in industrial supplies, $3.4 billion in capital goods, $2.7 billion in automobiles and parts, $2.2 billion in private services, $1.3 billion in travel, and $0.7 billion in royalties and liceneses from July 2010 to July 2011. Source: U.S. Department of Commerce, Bureau of Economic Analysis, FT-900 release, September 8, 2011.

(Click for Full Size)

Every month, two Department of Commerce bureaus, the Census Bureau and the Bureau of Economic Analysis, issue a report on U.S. international trade in goods and services known as the FT-900 release.

The most recent report covers trade in July 2011. Overall, the news was good for the U.S. economy. Exports of goods and services in July increased 3.6 percent from June to $178 billion. Compared to July 2010, exports of goods and services in July 2011 were up $23.4 billion, or 15.1 percent. This figure was the highest on record.

Goods that showed notable increases included industrial supplies, capital goods, and automobiles. Services that showed increases included private services (such as business, professional, and technical services); travel and tourism; and royalties and license fees.

Reacting to the new export numbers, Rebecca Blank, acting secretary of commerce, noted that “the global marketplace presents vast opportunities for U.S. companies, and today’s trade report shows they are taking advantage of those opportunities.”

To see the full report, visit www.census.gov/ft900.

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