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Blog Category: Exports

Secretary Locke Statement on December 2009 U.S. International Trade in Goods and Services

Locke speaking from lectern.

File photo

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the December 2009 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports in December 2009 increased by 3.3 percent to $142.7 billion since November 2009. Imports in December increased 4.8 percent over November to $182.9 billion. Total U.S. exports decreased by 15 percent to $1.55 trillion for 2009 from 2008. The final trade deficit for 2009 was $381 billion with total U.S. imports of $1.93 trillion. (More) (Release)

Secretary Locke Unveils Details of the National Export Initiative

Locke gesturing with hands from podium. Click for larger image.

Commerce Secretary Gary Locke unveiled details of President Obama’s National Export Initiative (NEI) today. During last week’s State of the Union speech, the president announced a goal of doubling exports over the next five years to support two million jobs in America. Locke detailed how the Export Initiative will help the country reach that goal—providing more funding, more focus and more cabinet-level coordination to grow U.S. exports. The NEI represents the first time the United States will have a government-wide export-promotion strategy with focused attention from the president and his Cabinet. (More) (Remarks) (C-SPAN video, 1:00 p.m. EST)

Administration's Budget Proposal Seeks Investments in Innovation, Clean Energy, Infrastructure and Job Creation

U.S. flag over entrance of Department of Commerce.

President Barack Obama today submitted to Congress an $8.9 billion FY 2011 budget request for the U.S. Commerce Department. The budget reflects priorities that will spur the growth of U.S. exports and the jobs that come with them, improve our scientific and technological capabilities and upgrade our capabilities for weather and climate observations and forecasting. (Press release)

Secretary Locke to Lead Administration's First Cabinet-Level Trade Mission

Locke at podium. Click for larger image.

Delivering the keynote address at the U.S.-China Business Council’s Forecast 2010 conference, U.S. Commerce Secretary Gary Locke announced he will lead the Obama administration’s first cabinet-level trade mission when he travels to China and Indonesia this May. The clean energy business development missions will promote exports of leading U.S. technologies related to clean energy, energy efficiency and electric energy storage, transmission, and distribution. The mission will take place May 15-25, and make stops in Hong Kong, Shanghai and Beijing, China, and Jakarta, Indonesia. (More) (Remarks)

Secretary Locke Statement on November 2009 Trade in Goods and Services Report

Department of Commerce seal

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the November 2009 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports increased by 0.9 percent to $138.2 billion since October 2009. Imports increased 2.6 percent to $174.6 billion. (More) (Fact Sheet) (Release)

Under Secretary Blank Statement on Third Estimate of GDP in the Third Quarter 2009

Portrait of Blank.

The U.S. Commerce Department’s Bureau of Economic Analysis released the third estimate of gross domestic product for the third quarter of 2009. Growth in real GDP was 2.2 percent at an annual rate, revised from the previous estimate of 2.8 percent. “The third-quarter gain marked the start of an economic recovery after a very deep recession,” U.S. Commerce Under Secretary Rebecca Blank said. “Consumer spending, residential construction and imports and exports have all moved from declines into positive growth in the third quarter.” (More) (Release)

Commerce Deputy Secretary Hightower Promotes Export Opportunities to Small Businesses

Hightower on podium. Click for larger image.

Commerce Deputy Secretary Dennis F. Hightower met with small business owners to discuss the key role exports will play in Detroit’s economic recovery. During his address at the “ExportsLive! Real Deals—Real Profits” seminar, Hightower stressed how exports will help revive businesses and create good-paying jobs. The gathering of small business leaders is geared toward helping companies grow and expand in global markets. The seminar was organized by the Export-Import Bank and included the participation of six federal agencies. (More) (Remarks)

Secretary Locke Statement on October 2009 Trade Numbers

Department of Commerce seal

On the eve of his trip to Copenhagen, U.S. Commerce Secretary Gary Locke issued the following statement on the release of the October 2009 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports increased by 2.6 percent to $136.8 billion since September 2009. Imports to the U.S. increased 0.4 percent to $169.8 billion. The trade deficit shrank 7.6 percent to $32.9 billion from a revised $35.7 in September. (More) (Release) (Fact sheet)

Secretary Locke Meets with Egypt's Minister of Trade and Industry Rachid

Locke and Rachid seen signing document. Click for larrger image.

U.S.Commerce Secretary Gary Locke hosted a meeting with Egypt’s Minister of Trade and Industry (MOTI), Mr. Rachid Mohamed Rachid, at the Commerce Department. This was the first meeting between the Secretary and Minister Rachid. Secretary Locke and Minister Rachid confirmed the importance of further strengthening the U.S.-Egypt commercial relationship and continuing to deepen cooperation on trade and investment issues. Egypt is one of the largest markets for U.S. exports in the Middle East, buying $6 billion of U.S. goods in 2008. (More) (MOI)

Secretary Locke Statement on U.S. International Trade in Goods and Services in September 2009

Portrait of Secretary Locke.

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the September 2009 U.S. International Trade in Goods and Services report by the Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Today’s report showed that U.S. exports increased by 2.9 percent to $132.0 billion since August 2009. Imports increased 5.8 percent to $168.4 billion. (More)