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.

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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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