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Blog Category: Exports

U.S. Exports Set Records in 2013

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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Partnership Between the Port of Houston and Department of Commerce is Crucial for Continued Economic Success

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Len Waterworth, Executive Director of the Port of Houston Authority

Guest blog post by Len Waterworth, Executive Director of the Port of Houston Authority.

It was an honor to host the U.S. Secretary of Commerce, Penny Pritzker, at one of the nation’s busiest and most critically important ports, the Port of Houston.

As a civic and business leader and entrepreneur, Secretary Pritzker understands that excellent transportation infrastructure allowing manufacturers to access materials and deliver products is key to increasing exports. It is how a port like Houston, geographically positioned as the gateway to America’s heartland with exceptional rail and roadway connections, has grown to be the nation’s number one port in terms of foreign tonnage.

The Port of Houston's economic activity helps keep Texas the nation's top exporting state. For the past 11 years, Texas has outpaced the rest of the country in exports. In 2012, Texas exports totaled $265 billion, up by 5.4 percent from 2011, according to Commerce Department data. Top export markets include Mexico ($94.8 billion), Canada ($23.7 billion), China ($10.3 billion), Brazil ($10 billion), and the Netherlands ($9.5 billion).

Exports from the Houston metro area topped $110 billion in 2012, an annual increase of almost $6 billion. That was enough to surpass New York for the first time since 2006 as the top export region in the U.S.

The partnership between the Port Authority and Department of Commerce is crucial for continued success and for making America awesome. A good example is Foreign Trade Zone 84, which is number one in the nation for merchandise received in warehouse/distribution centers. The FTZ program in the Houston region is providing economic stimulus in the form of jobs, tax base and revenue.  

Obama Administration Announces CEOs for U.S.-Brazil CEO Forum

U.S. Secretary of Commerce Penny Pritzker and Deputy National Security Advisor for International Economic Affairs Caroline Atkinson today announced the U.S. private sector members who will serve the next term on the U.S.-Brazil CEO Forum. The Forum will meet during the State visit of Brazilian President Dilma Rousseff to Washington, D.C., in October and will provide joint recommendations to both presidents on opportunities to advance the U.S.-Brazil bilateral relationship. Pritzker and Atkinson will co-chair the ninth meeting of the CEO Forum along with Brazilian Presidential Chief of Staff Minister Gleisi Hoffmann and Minister of Development, Industry and Foreign Trade Fernando Pimentel. 

“During his recent trip to Brazil, Vice President Biden asked what the United States and Brazil can do together. The U.S.-Brazil CEO Forum seeks to answer that question through a public-private dialogue in which business leaders from the United States and Brazil make recommendations to the highest levels of our respective governments about the future of our bilateral economic and commercial relationship,” said Secretary Pritzker. “I am looking forward to meeting the new and returning CEOs along with both Ministers Pimentel and Hoffmann and Deputy National Security Advisor Atkinson to discuss issues of mutual interest.”

 The Forum has had success opening discussions between the United States and Brazilian governments on a number of important issues, including visa reform, aviation, and education, and was instrumental in concluding the recent U.S.-Brazil Tax Information Exchange Agreement.

Secretary Pritzker Visits Albany, New York and Hartford, Connecticut

Secretary Penny Pritzker looks into a cleanroom with Paul Farrar, General Manager of Global 450mm Consortium (G450C) (Photos courtesy of SUNY's College of Nanoscale Science and Engineering (CNSE))

Yesterday, U.S. Secretary of Commerce Penny Pritzker traveled to Albany, N.Y. and Hartford, Conn. on the second leg of her nationwide listening tour. While in Albany, Secretary Pritzker met with senior leadership of SEMATECH and the New York College of Nanoscale Science and Engineering (CNSE). SEMATECH is a consortium of leading semiconductor device, equipment, and materials manufacturers and university partners from around the globe working on collaborative research on computer chip technology. CNSE is part of the State College of New York (SUNY) system and is home to the world’s most advanced education, research, and economic development enterprise targeting nanoelectronics and nanotechnology innovations.

SEMATECH and CNSE are both models of how the public and private sectors can work together effectively, advancing innovation, industry collaboration and investment in the United States. Secretary Pritzker also toured and heard from the Commerce Department employees at the National Oceanic Atmospheric Administration’s Weather Forecast Office.

Top 50 Metropolitan Area Exports Contribute More Than $1 Trillion to U.S. Economy

2012 Merchandise Exports - Top 50 Metro Area Exporters

Great news out of the Department of Commerce today! New data was released on the top 50 metropolitan areas for exports in 2012, which shows a combined contribution of exports from these communities to the U.S. economy of $1.04 trillion dollars.

In fact, America’s metropolitan areas continue to strengthen the U.S. economy each year. Cities committed to increasing their export potential are making it easier for local businesses to sell their goods and services overseas and increasing manufacturing here at home. These exports are helping to support jobs all across the country.

The Houston-Sugarland-Baytown area ranked number one with an impressive total of $110 billion in exports. Combined, the top 50 metropolitan areas for exports around the country totaled $1.04 trillion for the year. Not only did the Houston-Sugarland-Baytown area export the most merchandise, but it also had a record high for 2012, along with 29 other metropolitan areas in the top 50 areas for exports. Between 2011 and 2012, the Houston area had an export growth rate of 5.6 percent. The New York-Northern New Jersey-Long Island area ranked second with $102 billion in exports.

Among the top 25 metropolitan areas for exports, the Washington-Arlington-Alexandria area showed the highest growth in exports between 2011 and 2012 with exports growing by 42.7 percent over this period. Other metropolitan areas that showed high growth in exports included the San Antonio-New Braunfels area (up 33.3 percent from 2011) and the Seattle-Tacoma-Bellevue area (up 22.3 percent from 2011).

These increases in exports, even in challenging economic times, strengthen the U.S. economy and support millions of jobs here at home. Since the President’s National Export Initiative (NEI) was launched in 2010 – which seeks to double U.S. exports and support an additional two million jobs by the end of 2014 – merchandise exports from metropolitan areas have increased nearly 40 percent since 2009; while jobs supported have increased by 60 percent to 1.3 million.

The Department of Commerce’s International Trade Administration is committed to helping U.S. businesses increase their exports by finding new markets, reducing trade barriers, and ensuring that U.S. companies compete on a level playing field.

Is your business interested in expanding their product overseas where 95 percent of the world’s potential consumers are? Then contact your nearest Export Assistance Center for support.

Press release

Guest blog post: Developing Foreign Business is Easier than You Think

Portrait of Friesen

Guest blog post by Dr. Cody Friesen, founder and president of Fluidic Energy, an associate professor at Arizona State University and a member of the U.S. Manufacturing Council.

As the founder of Fluidic Energy and a member of the Department of Commerce’s Manufacturing Council, I’m always mindful of the state of the economy. It’s impossible not to notice the beneficial impact of trade, and the importance of manufacturing, to the continued growth of U.S. exports.

The Manufacturing Council exists to advise Commerce leadership on the best policies to support manufacturing and U.S. exports.As great as exporting sounds in theory, the barriers to exporting can seem high to many small or medium-sized companies, but that’s really not the case.

I had the privilege of joining Acting Secretary of Commerce Rebecca Blank and 19 other American companies on a trade mission to Latin America, discussing infrastructure development in the region.

We were able to meet one-on-one with government officials and foreign company executives who will be shaping the growing infrastructure of these growing economies. We made crucial contacts and learned the critical facts in each country that will help us to maximize the opportunities for our company in the region.

The Department of Commerce was instrumental in pulling together the meetings most meaningful to Fluidic. The Gold Key Matching Service and the local International Trade Administration staff, especially the U.S. Commercial Service personnel, in each country made it possible to rapidly assess potential business opportunities.

Department of Commerce Helps American Company Secure $42 Million Contract With Colombia

Advocacy Center logo

Contract supports $38 million in U.S. exports

U.S. Acting Secretary of Commerce Rebecca Blank today announced that L-3 Communications Corporation Warrior Systems Sector (Londonderry, New Hampshire) and its distributor Aviation Specialties Unlimited (Boise, Idaho) recently secured a contract from the Government of Colombia worth $42 million. The announcement comes on the heels of Acting Secretary Blank’s trade mission to Brazil, Colombia and Panama, which wrapped up on May 17. The trade mission included 20 U.S. firms with expertise in a wide variety of infrastructure industry sectors, and was intended to help American companies expand their business opportunities in Brazil, Colombia and Panama and promote U.S. exports.

“L-3’s export success is a concrete example of the Department of Commerce’s continued efforts to help U.S. firms be more competitive in this growing market,” said Acting Secretary Blank. “L-3 benefited from an aggressive, coordinated interagency commercial advocacy campaign spearheaded by our Advocacy Center to win a contract that will increase U.S. exports and support American jobs. With U.S. exports reaching an all-time high of $2.2 trillion in 2012, and supporting nearly 10 million American workers, the work of our Advocacy Center and U.S. embassies across the world is more important than ever. I congratulate L-3 Communications and their distributor Aviation Specialties Unlimited on winning this valuable contract.”

The contract will support $38 million in U.S. exports, as well as nearly 50 American jobs, according to L-3. Through this contract, L-3 will provide fully-assembled night-vision goggles, spare parts, tooling and test equipment to the Colombian government. Full release

57 U.S. Companies and Organizations that Export Goods or Services Honored at the 2013 President’s “E” Awards Ceremony

Acting Commerce Secretary Rebecca Blank Honors More Than 50 U.S. Companies for Export Successes While Kenneth E. Hyatt, Acting Deputy Under Secretary for International Trade, Looks On

Acting Secretary of Commerce Rebecca Blank today honored 57 U.S. companies and organizations that export goods or services at the 2013 President’s “E” Awards ceremony. This year marks the 51st anniversary of the “E” Awards, which recognize significant contributions to increasing American exports. Today’s set of honorees, many of which are small- and medium-sized enterprises, was the largest group in three decades to receive this distinguished award.

Winners of the 2013 “E” Awards represent diverse communities from 22 states across the country. They hail from places like Gilman, Conn., Cleveland, Ohio, Eagan, Minn., Parsons, Kan., Broussard, La. and Vacaville, Calif. Of the honorees recognized at today’s ceremony, 47 are small- or medium-sized enterprises, 33 are manufacturers, and 31 fall into both categories.

There are four categories in which companies can receive an award. This year, 37 companies were honored with the “E” Award for Exports for demonstrating a sustained increase in export sales over several years. Twelve companies that assist and facilitate export activities were honored with the “E” Award for Export Service. Five firms received the “E” Star Award for Exports, which recognizes previous “E” Award winners who have shown four years of additional export growth. Finally, three were awarded the “E” Star Award for Export Service, which recognizes previous “E” Award winners that have shown four years of continued support of exporters since first winning the “E” Award. Two companies are receiving the “E” Star Award for Exports for the second time, a first in the fifty-one year history of the program. Complete list of  “E” Award and "E" Star Award winners.

Greeley and Hansen Plans to Increase Infrastructure Export Opportunities in Latin America

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Guest post by John C. Robak, Executive Vice President & Chief Operating Officer, Greeley and Hansen

ED Note: Greeley and Hansen is a global leader in developing innovative engineering, architecture, and management solutions for a wide array of complex water, wastewater, and water-related infrastructure challenges. The firm has built upon nearly 100 years of proven civil and environmental engineering experience in all phases of project development and implementation to become a premier provider of comprehensive services in the water and wastewater sectors.

I’m honored to represent Greeley and Hansen on this trade mission with Acting Secretary of Commerce Dr. Rebecca Blank to promote U.S. exports related to infrastructure in Latin America.  While Greeley and Hansen has previously completed water infrastructure projects throughout the region, we’re looking at these high-growth areas as key markets for additional expansion of our business.  Steve Knode, Deputy Senior Commercial Officer, and his team have done an outstanding job in bringing together world-class U.S. companies for this mission.  Specifically for our firm, the local Commercial Officers have arranged meetings with many leading organizations to help connect our firm with high-level government officials and business leaders in our areas of interest. 

I’ve participated in two previous Department of Commerce trade missions, including a mission to southern Africa last November, led by Under Secretary of Commerce Francisco Sánchez, which provided many valuable business contacts in South Africa and Zambia.  To date, Greeley and Hansen has made several follow-up trips to Africa to meet with these contacts to further discuss specific potential business opportunities for our firm.  We also are planning a follow-up visit to Egypt after a recent trade mission there.  I’m certain that this mission to Latin America will be equally successful for establishing beneficial business leads.

Already, this mission has allowed us to make several key connections.  For example, I’ve met with senior municipal utility leaders at SABESP, the Brazilian waste management company owned by São Paulo state; along with other civil engineering firms in Brazil.  Prior to the one-on-one meetings, the delegation has had several briefings led by Brian Brisson, Minister Counselor for Commercial Affairs (Brazil), Nathan Younge, Regional Director, Latin America for USTDA, along with an informative presentation from Brian O’Hanlon of OPIC.  Further, the networking opportunities with Dr. Blank (who has been very accessible to the delegates for comments and questions) and Embassy and Commercial Services staff have provided invaluable information about the range of potential opportunities and barriers for any U.S. firm interested in doing business in the region.

In talking with these experts directly, I’ve been able to better assess the market for our services relative to the country’s planned development of water infrastructure.  It’s clear that Brazil offers tremendous opportunities for U.S. businesses looking to expand internationally, and, as was stated during the briefings, it’s hard to think of a global company of the future that will not have a presence in Brazil.

I’m looking forward to the rest of the trip in Colombia and visiting Panama, as these other growing Latin American economies also represent tremendous potential export opportunities for U.S. companies directly involved in infrastructure.  I’m confident that, for Greeley and Hansen, this Department of Commerce trade mission to Brazil, Colombia, and Panama will be fruitful for us and all involved.

Building Exports in the Bluegrass State

Under Secretary Sánchez (center left) and Senior Trade Specialist Brian Miller (center right)poses for a photo with employees of Universal Woods during a tour of their manufacturing facility

Guest blog post by Francisco Sánchez, Under Secretary of Commerce for International Trade

Cross-post from the International Trade Administration's blog, Tradeology

“We should remember that today’s world presents not just dangers, not just threats—it presents opportunity.” This statement from President Obama’s State of the Union speech confirms the belief that free trade and open markets are a benefit in our globalized world.

In Louisville, Ky., this belief is nothing new, as the town has been growing its economy by focusing on exporting to foreign markets.

That is why I joined Mayor Greg Fischer in Louisville to sign a Memorandum of Understanding (MOU) between the International Trade Administration (ITA) and the City of Louisville in a team effort to improve local exports. Congressman John Yarmuth (KY-3) also joined us to celebrate this exciting new partnership and highlight what this means for the community.

Our new MOU extends the success we have seen through the Bluegrass Economic Advancement Movement (BEAM), a joint venture between the mayors of Louisville and Lexington, designed to support the growth of high-quality jobs in advanced manufacturing throughout a 22-county region.

BEAM is a particularly exceptional achievement because it is the realization of the National Export Initiative (NEI) localized through the Brookings Institute’s Metropolitan Export Initiative (MEI). It represents a way in which cities and towns can engage in international trade to reap the benefits of increased exports.
Together, these initiatives are all working in concert to increase U.S. exports.

And there is no better place to talk exports than Kentucky.