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Blog Category: Imports

Secretary Locke Speaks at the Virginia Summit on Export Opportunities

U.S. Commerce Secretary Gary Locke - joined by Senator Mark Warner and Export-Import Bank President Fred P. Hochberg - today delivered the keynote address at the Virginia Summit on Export Opportunities in Richmond. Locke highlighted President Obama's National Export Initiative (NEI) and gave an update on the NEI, and its goal of doubling exports and supporting several million jobs over the next five years.

The Summit focused on ways in which the federal government can coordinate with local government and private-sector partners to promote trade and export opportunities in Virginia. In 2009, Virginia companies exported more than $15 billion of merchandise overseas, up from $2.8 billion in 2005. 18.1 percent of manufacturing jobs in Virginia depend on exports.

President Obama announced the NEI during his State of the Union earlier this year. The NEI will provide more funding, more focus and more cabinet-level coordination to grow U.S. exports, and represents the first time the United States will have a government-wide export-promotion strategy with focused attention from the president and his cabinet. NEI site: http://export.gov

Exports remain an integral part of the U.S. economy. In 2008, American exports accounted for nearly 7 percent of our total employment and one in three manufacturing jobs. In the first four months of 2010, exports grew almost 17 percent compared to the same period last year.  Remarks

Secretary's Statement on March U.S. International Trade in Goods and Services

The Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis today released a report on March 2010 U.S. International Trade in Goods and Services. Today’s report showed that U.S. exports in March 2010 increased by 3.2 percent to $147.9 billion from their February 2010 level. Imports in March increased 3.1 percent over February to $188.3 billion.

“The rise in imports shows increasing consumer confidence in America's economic recovery,” Commerce Secretary Gary Locke said. “It's heartening to see a corresponding increase in exports.

“This administration is focused on helping American businesses take advantage of the worldwide recovery underway, ramping up trade advocacy on all fronts – from providing credit to small businesses that want to export to increasing the number of trade experts who will help U.S. companies find buyers abroad to the continued rigorous enforcement of our trade laws.” (Full statement)

Secretary Locke Statement on February 2010 U.S. International Trade in Goods and Services

Department of Commerce seal

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the February 2010 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 February 2010 increased by 0.2 percent to $143.2 billion from their January 2010 level. Imports in February increased 1.7 percent over January to $182.9 billion. (More) (Release) (Fact sheet)

Secretary Locke Statement on January 2010 U.S. International Trade in Goods and Services

Department of Commerce seal.

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the January 2010 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 January 2010 decreased by 0.3 percent to $142.7 billion since December 2009. Imports in January decreased 1.7 percent over December to $180.0 billion. (More) (Fact sheet) (Release)

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 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)

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 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)

Secretary Locke Statement on Trade Numbers

Department of Commerce seal.

U.S. Commerce Secretary Gary Locke issued the following statement on the release of the August 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 0.2 percent to $128.2 billion since July 2009. Imports declined 0.6 percent to $158.9 billion. (More) (Release) (Fact Sheet)