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U.S. Exports Set Records in 2013

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U.S. Exports Set Records in 2013 infographic

The United States is the world’s largest exporter and importer of goods and services, and the world’s largest recipient of foreign direct investment (FDI). Trade and investment are critical to the prosperity of the world’s largest economy. They fuel our economic growth, support good jobs—and spread the delivery of ideas, innovation, and American values. Trade and investment are an important engine for U.S. economic growth and jobs. With nearly 14% of U.S. GDP in 2013 accounted for by exports, and 95% of potential consumers living  broad, promoting trade and investment helps more U.S. companies compete in the global marketplace.

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why the deficit?

If we are the worlds largest importer and exporter then how can we run a trade deficit which means we import more than we export? Are we just importing that much more than exporting? And if so then we really need to get exporting a lot more, fast. Or importing a lot less, quick