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U.S. Exports Reach $2.3 Trillion in 2013, Set New Record for Fourth Straight Year

American Businesses Drive Record Exports to 63 Countries – U.S. Commerce Secretary Penny Pritzker today announced that U.S. exports in 2013 set a new record for a fourth straight year. International Trade in U.S. Goods and Services data released today by the U.S. Department of Commerce show that U.S. exports reached $2.3 trillion in 2013, up nearly $700 billion since 2009. The U.S. trade deficit improved $63.1 billion from the past year to $471.5 billion, the lowest since 2009. Merchandise exports to the 20 economies that have trade agreements with the United States reached a record $732.0 billion.

U.S. goods export sectors reached all-time highs across the board in 2013, including key industries such as automotive, industrial supplies, consumer goods, capital goods, and petroleum. Imports of goods decreased for the first time since 2009.

The trade surplus in services exports reached a record $231.6 billion, an increase of 12 percent from 2012. Annual service exports hit all-time highs led by the travel and tourism sector. In addition, in 2013, the services sector accounted for more than one half of the dollar growth in total U.S. exports compared to 2012.

“We’ve achieved a fourth-consecutive year of record-breaking export levels, demonstrating the strong momentum behind President Obama’s export agenda,” said Secretary Pritzker. “The fact is, we live in a globally-connected world in which 95 percent of America’s consumers live outside our borders. American companies clearly understand the value of selling their goods and services all over the world, which not only helps them expand, but also grows our economy and creates good jobs. Every $1 billion in additional exports supports approximately 5,000 U.S. jobs, and as such, trade and investment are critical to the strength of our economy. That is why we at the Department of Commerce are laser-focused on helping create more opportunities for businesses to export.”

Since President Obama launched the National Export Initiative in 2010, an ambitious plan to sell more American goods and services into foreign markets, the United States has not only seen record exports but has seen an increase of 1.3 million export-related jobs. Expanding trade and investment is a top priority of the Department of Commerce and a key pillar of the Department’s “Open for Business Agenda.”

Strengthening relations with our trading partners is critical to continuing export and investment growth. Trade promotion and trade missions are some of the tools the Department is using to expand markets to U.S. goods and services and spurring investment in our economy. Secretary Pritzker is currently leading 17 U.S. companies on a business development mission in Mexico, the United States’ third-largest trading partner. In 2013, U.S. goods exports to Mexico reached a record $226.2 billion.

“The U.S.-Mexico bilateral relationship is among our closest and most extensive in the world,” said Secretary Pritzker. “Approximately $1.4 billion of merchandise trade and one million people cross our 2,000 mile shared border daily, and I believe there is incredible potential for our companies to do business together and for our countries to continue to deepen our economic relationship.”

Mexico is one of 11 Latin America markets targeted by the Department of Commerce’s new Look South Initiative – a federal government-wide effort to encourage U.S. companies to export to the region through enhanced trade promotion events. U.S. exports to Mexico and South and Central America are growing faster than our trade with the rest of the world.

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Statement from U.S. Secretary of Commerce Penny Pritzer on International Trade in Goods and Services in November 2013

WASHINGTON – U.S. Secretary of Commerce
Penny Pritzker issued the following statement today on the release of the November
2013 U.S. International Trade in Goods and Services
data. U.S. exports of
goods and services grew by $1.7 billion to an all-time monthly high of $194.9
billion, from $193.1 billion in October, with record levels in petroleum and
services. Exports through the first 11 months of 2013 totaled $2.1 trillion, signaling
that the United States remains on track for another record-setting year.


“Today’s data show that U.S. exports continue to be a bright spot in our
economic recovery,” said Secretary Pritzker. “U.S. exports currently support
nearly 10 million American jobs, but we must do more to open doors for American
goods and services. That is why increasing U.S. trade and investment is a key
priority of the Commerce Department’s ‘Open for Business Agenda.’ We are
committed to helping more U.S. companies participate in the global marketplace,
ensuring strong enforcement of trade rules, and negotiating transpacific and
transatlantic free trade agreements to open more markets and support more
American jobs.”

Since President Obama launched the
National Export Initiative (NEI) in 2010, an ambitious plan to sell more
American goods and services into foreign markets, the United States has seen an
increase of 1.3 million export-supported jobs. The NEI is the first
Presidential-led, government-wide export promotion strategy. Through the
initiative’s focus on improving trade promotion and advocacy, reducing barriers
and enforcing trade rules, U.S. exports have continued to grow. The U.S.
exported a record $2.2 trillion dollars last year, up more than $630 billion
from 2009. The Commerce Department’s “Open
for Business Agenda
” calls for NEI 2.0, a new effort that aims to ensure
closer government and industry collaboration to help U.S. businesses become
more globally fluent.

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Statement from Acting U.S. Commerce Secretary Rebecca Blank on International Trade in Goods and Services in September 2012

The U.S. Commerce Department’s Census Bureau and Bureau of Economic Analysis today released the balance of foreign trade for September 2012. The trade deficit narrowed 5.1 percent from August to September, to $41.5 billion–significantly better than… Continue reading

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Statement from Acting U.S. Commerce Secretary Rebecca Blank on International Trade in Goods and Services in July 2012

Acting U.S. Secretary of Commerce Rebecca Blank issued the following statement today on the release of the July 2012 U.S. International Trade in Goods and Services report (PDF) (July 2012) by the Commerce Department’s Census Bureau and Bureau of Econ… Continue reading

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Statement by Acting U.S. Commerce Secretary Rebecca Blank on New Residential Construction in July 2012

WASHINGTON, D.C. – The Commerce Department’s U.S. Census Bureau today released new residential construction data for July 2012. Permits for new housing units were up 6.8 percent from June and up 29.5 percent from July 2011. Housing starts… Continue reading

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Statement from Acting U.S. Commerce Secretary Rebecca Blank on the Advance Estimate of GDP in the Second Quarter of 2012

The U.S. Commerce Department’s Bureau of Economic Analysis today released the advance estimate of gross domestic product (GDP) for the second quarter of 2012. Real GDP grew 1.5 percent at an annual rate in the second quarter, consistent with private … Continue reading

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Statement by Acting U.S. Commerce Secretary Rebecca Blank on New Residential Construction in June 2012

WASHINGTON – The Commerce Department’s U.S. Census Bureau today released June 2012 data on new residential construction. Housing starts in June 2012 were at a seasonally adjusted annual rate of 760,000, up 6.9 percent from May’s revised estimate and … Continue reading

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Statement by Acting U.S. Commerce Secretary Rebecca Blank on New Residential Construction in May 2012

WASHINGTON – The Commerce Department’s U.S. Census Bureau today released new residential construction data for May 2012. Permits for new housing units climbed 7.9 percent from April. Housing starts were down 4.8 percent from April but up 28.5 … Continue reading

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Statement from U.S. Commerce Secretary John Bryson on U.S. International Trade in Goods and Services in April 2012

WASHINGTON – U.S. Secretary of Commerce John Bryson issued the following statement today on the release of the April 2012 U.S. International Trade in Goods and Services report by the Commerce Department’s Census Bureau and Bureau of Economic Analys… Continue reading

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Statement from Commerce Secretary John Bryson on International Trade in Goods and Services in February 2012

U.S. Secretary of Commerce John Bryson issued the following statement today on the release of the February 2012 U.S. International Trade in Goods and Services report (PDF) by the Commerce Department’s Census Bureau and Bureau of Economic Analysis. U…. Continue reading

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