U.S. Trade Overview

Last updated: July 15, 2009

Comments and questions should be directed to:Elizabeth Clark

Office of Trade and Industry Information, I t ti l T d Ad i i t tiInternational Trade Administration.

Elizabeth_Clark@mail.doc.gov ph: (202) 482-5732

U.S. Exports

142000 $1 86 trillion

U.S. Exports Have Grown Rapidly Lately as Has Its Share in GDP

10

12

1400

1600

1800

DP

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illi

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s $

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$1.86 trillion

6

8

10

1000

1200

1400

as

Pe

rce

nt

of

GD

ice

s E

xp

ort

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n

$955.9 billion

4

6

400

600

800

Ex

po

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a

S.

Go

od

s &

Se

rvi

0

2

0

200

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

U.S

Exports of goods and services (billions of dollars)

2

Exports of goods and services (billions of dollars)

Exports as a Percent of GDPNote: Trade figures are for the export and import of goods and services.Source: National Income and Product Account Tables, Bureau of Economic Analysis.

Export Destinations

U.S. Exports Span 230 Destinations, Though Canada and Mexico Account for Nearly One Third of the TotalAccount for Nearly One-Third of the Total

3

Source: U.S. Census Bureau, Foreign Trade Division.Prepared by International Trade Administration, Office of Trade and Industry Information.

Export Competitiveness

The U.S. is the World’s Third Largest Exporter of Goods and the Largest Exporter of Services

Share of World Merchandise Trade 2007 Share of World Services Trade 2007

8.3

8.7

9.5

United States

China

Germany

6.3

8.3

13.9

Germany

United Kingdom

United States

3.5

4.0

4.0

5.1

Italy

Netherlands

France

Japan

3.7

3.9

3.9

4.2

China

Spain

Japan

France

3.0

3.1

3.1

3.5

K R bli f

Canada

Belgium

United Kingdom

Italy

2 7

2.7

2.7

3.4

3.7

India

Ireland

Netherlands

Italy

China

2.1

2.5

2.5

2.7

Singapore

Hong Kong, China

Russian Federation

Korea, Republic of

2.0

2.3

2.5

2.7

Singapore

Belgium

Hong Kong, China

India

4Source: World Trade Organization, International Trade Statistics 2008

2.0

0.0 2.0 4.0 6.0 8.0 10.0

Mexico 1.9

0.0 5.0 10.0 15.0

Sweden

Export Industries

Manufactured Goods Accounted for 81% of Total U.S. Merchandise Exports in 2008

Mineral Fuels

6%

Other4%

Agriculture & Livestock Products

9%

Manufactures81%

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Source: FT-900 U.S. International Trade in Goods and Services, Census Bureau and the Bureau of Economic Analysis.Prepared by International Trade Administration, Office of Trade and Industry Information.

Jobs Tied to Manufactured Exports

Manufacturing Exports Supported Nearly One in Every Five U.S. Manufacturing Jobs in 2006

19 9%

Export-Supported Jobs, 2.58 Million

19.9%

80.1%

Other Jobs, 10.4 Million

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In 2006, there were 12.99 million jobs in U.S. manufacturing industries.

Source: Manufacturing and Construction Division, Census Bureau.Prepared by International Trade Administration, Office of Trade and Industry Information.

Jobs Tied to Manufactured Exports by Industry

Export-Related Jobs Accounted for 24 Percent or More of Total Employment in Eight U.S. Manufacturing Industries in 2006

27.6%

24.2%

Elec. Equip., Appl., Components

Chemicals

29.3%

28.3%

Textile Mills

Transportation Equipment

33.9%

31.0%

Leather and Allied Products

Machinery

39.5%

34.7%

0% 5% 10% 15% 20% 25% 30% 35% 40% 45%

Computers and Electronic Products

Primary Metals

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0% 5% 10% 15% 20% 25% 30% 35% 40% 45%

Percent of Jobs Related to Exports

Source: Manufacturing and Construction Division, Census Bureau.Prepared by International Trade Administration, Office of Trade and Industry Information.

Metropolitan Exports

Twenty-Four Metro Areas Exported Over $5 Billion in Goods in the First Half of 2008

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Note: Metro area of San Juan-Caguas-Guaynabo, PR not shown, merchandise exports totaled $8.7 billion in the first half of 2008.Source: U.S. Census Bureau, Foreign Trade Division.Prepared by International Trade Administration, Office of Trade and Industry Information.

Number of Exporters

300,000

More than a Quarter Million U.S. Companies are Now Engaged in Exports

213,664

215,259231,420

246,452 241,762

223,933 227,300232,828 240,376

247,985

266,457

250,000

150,000

200,000

100,000

0

50,000

9

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Source: U.S. Census Bureau, Foreign Trade DivisionPrepared by International Trade Administration, Office of Trade and Industry Information

Services Exports

U.S. Services Exports Are Consistently Rising and Have Led to a Growing Services Trade Surplus in Recent Years

140

160

500

600

US$$

80

100

120

300

400

plus

in B

illio

ns U

rts

in B

illio

ns U

S

40

60

100

200

Valu

e of

Sur

p

Vaue

of E

xpor

0

20

01998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

10

Services Export Services Trade Surplus

Source: FT-900 U.S. International Trade in Goods and Services, Census Bureau and the Bureau of Economic Analysis.Prepared by International Trade Administration, Office of Trade and Industry Information.

Services Exports by Industry

Five Services Subsectors Contributed to Over 72% of Total Private Services Exports in 2008

Travel

Government Services4%

Travel20%

Passenger Fares6%Other Business,

Other Transportation11%

Professional, and Technical Services

42%

Royalties and License Fees

17%

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Source: FT-900 U.S. International Trade in Goods and Services, Census Bureau and the Bureau of Economic Analysis.Prepared by International Trade Administration, Office of Trade and Industry Information.

Merchandise Imports

In the last two decades, the shares of U.S. merchandise imports from Mexico and China have grown the most.

12

SOURCE: U.S. Census Bureau data, WTA Database

Merchandise Imports by Industry

Manufactured Goods Accounted for 71% of Total U.S. Merchandise Imports in 2008

Agriculture & Livestock Products

4%

Manufactures71%

Mineral Fuels23%

Other2%

13

2%

Source: FT-900 U.S. International Trade in Goods and Services, Census Bureau and the Bureau of Economic Analysis.Prepared by International Trade Administration, Office of Trade and Industry Information.

Manufactured Imports

In the last two decades, the shares of U.S. manufactures imports from Mexico and China have grown the most.

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SOURCE: U.S. Census Bureau data, WTA Database

Exchange Rates

The high value of the dollar has put U.S. merchandise trade at a disadvantage.

(The FX Index is the FRB Broad Index of 26 Trade-Weighted Currencies)(The FX Index is the FRB Broad Index of 26 Trade Weighted Currencies)

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