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Blog Entries from December 16, 2011

The International Trade Administration’s Four Big Numbers for 2011

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This has been a very eventful year for the International Trade Administration (ITA). We are very proud of our efforts to improve the lives of our fellow Americans. We have accomplished a great deal by working diligently on the President’s National Export Initiative (NEI) goal of doubling exports by the end of 2014, supporting well-paying jobs tied to exporting, helping U.S. service companies find new markets, and pursuing new venues for U.S. companies to connect with overseas buyers.  While we have plenty to be proud of, we have compiled our Four Big Numbers to highlight our biggest successes.

  • 25 – The percentage of growth in exports since the launch of the National Export Initiative in January 2010. Just in 2011, we’ve seen six record-breaking months of exports (Jan, March, April, July, Aug and Sept). This is a trend that will continue as long as American companies are finding buyers and partners in markets such as Brazil, India, Korea, and Russia.
  • 9.2 million – The number of jobs supported by U.S. exports in 2010. This represents seven percent of total non-farm employment in the United States. Additionally, exports contribute, on average, an additional 18 percent to workers’ earnings in the U.S. manufacturing sector.
  • $148.1 billion – Our U.S. trade surplus in services through October 2011. In dollar terms, through the first ten months of 2011, growth of U.S. services exports are double the growth of our services imports. Through October, services exports are up 10.6 percent or $48.2 billion from the same period last year. In 2010, travel and tourism accounted for 26 percent of our services exports and business, professional, and technical services combined for 24 percent.
  • 15,555 – The number of foreign buyers who traveled to the United States to participate in 35 designated International Buyer Program (IBP) trade shows. The IBP recruits thousands of qualified foreign buyers, sales representatives, and business partners to attend U.S. trade shows each year, giving exhibitors excellent opportunities to expand business globally.

2012 looks like another great year for ITA. Moving forward with the newly approved trade agreements with Colombia, Panama, and South Korea will open new opportunities for U.S. businesses to export. Stay on top of the latest and greatest from ITA and learn about what we have planned and how we can help you improve your business with these programs by visiting www.trade.gov.