Commerce.gov is getting a facelift soon. See the new design.
Syndicate content

Blog Category: International Trade Administration

Exports Hit Record Highs in 200 Metro Areas

Map of U.S. highlighting metro areas

Guest post from Natalie Soroka, Economist in the Office of Industry Analysis within the International Trade Administration

2011 was a good year for U.S. Metropolitan Area Exporters. Of the 367 metro areas with available data (due to Federal disclosure regulations), 206 saw record-high merchandise exports in 2011. Overall, exports from all metropolitan areas increased by 16 percent from 2010 to total $1.31 trillion in 2011. New York was the top exporter, accounting for $105.1 billion. 

While export value is concentrated in the top metro areas (like New York, Houston, and Los Angeles), exports are an important economic driver nationwide. In 2011, 150 metro areas exported more than $1 billion of goods, thirteen of which reached this mark for the first time.

Overall, many areas experienced significant export growth in 2011, with exports increasing by more than $1 billion in 36 metro areas. Larger exporters such as Houston and New York showed the highest dollar growth, each growing by more than $20 billion compared to the previous year, but growth was not contained to big cities. Of the top 50 metro exporters in 2011, Corpus Christi showed the fastest growth, nearly doubling its goods exports since 2010. Much of this growth, along with other fast-rising metropolitan areas in Texas and Louisiana, was due to higher exports of petroleum and coal products. Higher commodity prices benefitted many cities in 2011, with major exporters of crops (Minneapolis, New Orleans, Portland), primary metals (Salt Lake City, New York), and petroleum and coal products (Houston, New Orleans, New York, Corpus Christi) showing high growth. In addition to commodities, exporters of manufactured goods such as chemicals (Houston) and transportation equipment (Detroit) showed high growth in 2011.

Largest U.S. Education Services Mission Reaches Thousands of Potential Students in Brazil

Under Secretary for International Trade Francisco J. Sánchez launches the EducationUSA Fair in Brazilia, Brazil on September 1, 2012.

Education fairs in Brasília, São Paulo, and Rio de Janeiro promote higher education in the United States

U.S. Under Secretary of Commerce for International Trade Francisco Sánchez this week concluded the Commerce Department’s largest education services trade mission in history in Rio de Janeiro. Sánchez and representatives from 66 U.S. colleges and university introduced more than 7,500 Brazilian students and parents to educational programs and opportunities for study in the United States during education fairs and meetings in Brasília, São Paulo and Rio de 

“These distinguished U.S. colleges and universities value the role that international students can play in helping shape the next generation of leaders in government, business, and science,” Sánchez said at the EducationUSA Fair in Rio de Janeiro. “Our efforts during this mission strongly support the extraordinary commitment from President Obama and President Rousseff to increase student exchanges between our two countries.”

Education and training is one of the United States’ leading services exports. The industry annually adds $21 billion to the U.S. economy, and Brazilian students in the United States paid more than $257 million in tuition and fees for the 2010-2011 academic year. Brazil currently ranks 14th among countries sending students to the United States with more than 9,000 students, and the goal of this mission is to help boost that number significantly in the next five years.  Read the full mission wrap-up release

International Traveler Spending On Pace For a Record Setting Year

Happy tourist jumping in Glacier National Park

Guest blog post by Acting Secretary of Commerce Rebecca Blank and Secretary of the Interior Ken Salazar

Travel and tourism spending by international visitors is helping to boost the U.S. economy. The U.S. Department of Commerce released data yesterday showing that international visitors have spent an estimated $82.2 billion on U.S. travel and tourism-related goods and services year to date, an increase of 11 percent when compared to the same period last year. Many people do not know that this boosts exports – when foreign citizens travel to America and buy goods and services from American companies, that counts as a U.S. export. The new data indicate that the first half of 2012 set a new record for U.S. travel and tourism exports, and, if these trends continue, international visitors could end up injecting close to $170 billion into the U.S. economy by year-end.

These increases help explain why the Obama administration is working hard to make the United States the top destination for international travelers. The U.S. Departments of Commerce and Interior are implementing the National Travel and Tourism Strategy, which they presented to the President in May. The National Strategy is a blueprint for expanding travel to and within the U.S., setting out the goal of attracting over 100 million international visitors annually by 2021, more than a 50 percent increase over the number expected this year. These international visitors would spend an estimated $250 billion per year, creating jobs and spurring economic growth in communities across the country.

New Export Data Shows 34 States Reached Record Highs for Merchandise Exports in the First Half of 2012

U.S. map showing 34 states passing exports records

U.S. exports support nearly 10 million jobs across the country

Acting U.S. Commerce Secretary Rebecca Blank announced today that U.S. merchandise exports totaled a record $773.4 billion in the first six months of 2012, up by $50.7 billion from the same period of 2011.

“Comprehensive data from the first half of 2012 demonstrates that exports continue to be a bright spot for America and that we’re making historic progress toward the president’s goal of doubling U.S. exports by the end of 2014,” said Acting U.S. Commerce Secretary Rebecca Blank. “Despite a challenging global economy, these numbers show continued global demand for American goods. While the nation looks to be on track toward exceeding last year’s goods and services export total of $2.1 trillion, we are also seeing some individual states outpace the national average of seven percent growth in merchandise exports. This is good news for the economy, because we know that increased exports create jobs. The jump in exports since 2009 has helped the private sector create 4.5 million jobs over the past 29 months, and, in 2011, jobs supported by exports increased by 1.2 million over 2009. There’s more work to be done to strengthen the economy and put more Americans back to work, and we need to continue to do all we can to support American workers, exporters and businesses so that they can continue to help us rebuild this economy." Full release

U.S. Businesses Going for the Gold

Gold Key Matching Services Logo

As the 2012 Olympic Games wind to a close, American athletes have racked up nearly 40 gold medals against the best of their international competition. They achieved those victories with hours of practice, dedication, and partnership with coaches and mentors. Like America’s Olympians, American businesses are also competing on the global stage, and the Commerce Department is partnering with them through our Gold Key Matching Service to help them win.

Gold Key Matching Services, run through the International Trade Administration’s U.S. Commercial Service, is a low-cost service for American businesses to expand their global reach by making contacts with foreign firms and potential business partners.

Before business leaders go oversees to meet with prospective trade partners, the Gold Key Matching Service arranges appointments with pre-screened overseas agents, distributors, sales representatives and business partners. This cuts the time and cost to businesses in locating and vetting prospective trade partners.

The Gold Key Matching Services provide a host of other benefits for U.S. companies, including market research, industry briefings with U.S. Commercial Service trade specialists, and assistance with travel, accommodations, and interpreter services. In addition, for business leaders who aren’t able to make a trip overseas, video services are available to meet with potential business partners via videoconferencing.

ITA: Exports Bring Jobs to the Twin Cities Region!

Congressman Keith Ellison (MN-5) and Under Secretary Francisco Sánchez take questions from local companies during a business round table event in Minneapolis.

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

Since the 2012 Olympic Games began, Minnesotans have competed in sports ranging from basketball to fencing, proving that athletes from the North Star State can succeed on the global stage. The same can be said for Minnesota’s businesses.

Yesterday, I visited Minneapolis to meet with Congressman Keith Ellison, Mayor R.T. Rybak and business and community leaders. It was a great opportunity to see and hear firsthand how local entrepreneurs are designing and manufacturing quality products that are being exported all over the world.

For instance, I had the pleasure of visiting Accent Signage Systems, a small manufacturing company. A pioneer in innovative sign technology, Accent Signage is experiencing the direct benefits of exporting and has plans to increase its workforce by 25 percent in the near future. This is a gleaming example of a business that is successfully competing abroad, and, in doing so, is making a positive impact here at home.  

Acting Secretary Blank Speaks at White House Business Council Forum on Travel and Tourism

Acting Secretary Rebecca Blank joined business leaders from across the country earlier this week at the White House Business Council American Economic Competitiveness Forum on Travel and Tourism

Acting Secretary Rebecca Blank joined business leaders from across the country earlier this week at the White House Business Council American Economic Competitiveness Forum on Travel and Tourism to discuss the administration’s actions to help grow travel and tourism and support the millions of jobs associated with the industry. Travel and tourism is a bright spot for the American economy, leading the recovery with growth that has outpaced the growth of the overall economy by almost 800 percent and on pace for another year of record high international visitors to the U.S. 

Since even before the passage of the Travel Promotion Act in 2010, the Administration has been focused on the importance of travel and tourism.  The President recognized the importance of developing the travel and tourism industry and issued an Executive Order last January that created a new inter-agency Task Force co-chaired by the Secretaries of Commerce and the Interior and charged them with developing a National Travel and Tourism Strategy to increase both domestic and international travel throughout the United States, with the goal of increasing the United States’ market share of worldwide travel. The Task Force included representatives from every agency and department whose mission intersects with the travel and tourism industry. The Task Force released the National Strategy in May with an ambitious goal of attracting 100 million international visitors ($250 billion in spending) to the U.S. annually by 2021 -- a 60% increase above the 62 million international visitors in 2011.

The National Travel and Tourism Strategy laid out a blueprint for reaching that goal by focusing on five areas:

  • Promoting the United States
  • Enabling and enhancing travel and tourism to and within the United States
  • Providing world-class customer service and visitor experiences
  • Coordinating across government
  • Conducting research and measuring results

International Visitors to the U.S. Spent Record $13.9 billion in May, Helping Support U.S. Jobs

Report cover: National Travel and Tourism Strategy

Guest blog post by Acting Commerce Secretary Rebecca Blank
 
Tourism is America’s number one service export, and today we have even more evidence that America is indeed open for business. New data released by the U.S. Commerce Department today shows that international visitors spent nearly $14 billion on travel to, and tourism-related activities within, the United States in May$1 billion more than was spent in May 2011marking 29 straight months of growth.
 
This data also means that the U.S. is on pace for a record-setting year, with international visitors having spent over $68 billion so far – up 12 percent compared to last year.
 
The facts are clear: tourism is a high-growth bright spot in our economy. We must continue to build on this momentum by making sure that America is travel-friendly to international visitors, thereby helping our businesses create even more jobs.
 
Fortunately, there are many dedicated people working to increase travel and tourism. This morning, I had the chance to talk with a few of them at a meeting of the Travel and Tourism Advisory Board in Dearborn, Mich., where I joined federal agency partners, as well as U.S. Representative John Dingell (D-MI), to discuss the Obama administration’s ongoing efforts to increase travel and tourism to the United States. During the board meeting, we discussed implementation of the recently released National Travel and Tourism Strategy (PDF), a blueprint for the federal government to welcome 100 million international visitors each year by the end of 2021. These visitors would spend an estimated $250 billion per year, supporting even more jobs and spurring economic growth in communities across the country.

22 Ways the Department Of Commerce Is Supporting and Fostering American Innovation

RIANO logo

In an increasingly competitive world, the United States must invest in its best scientists, researchers and entrepreneurs so that they innovate here, make things here, and create good paying, high quality jobs for middle class families. The Department of Commerce and its bureaus are supporting and fostering innovation at all stages of product development, from original research through to final manufactured goods.

Commerce’s Economic Development Agency has launched two grant challenges, the i6 Challenge and the Advanced Manufacturing Jobs and Innovation Accelerator, to move ideas from the lab and shop floor to the marketplace at an accelerated rate. Supporting this work is the Regional Innovation Acceleration Network, a web-based tool to help economic development professionals promote entrepreneurship, business development, and technology commercialization in their region.

In April 2010, the Commerce Department launched the Internet Policy Task Force to ensure that the Internet remains open for innovation. In doing so, it has produced the Consumer Privacy Bill of Rights, made important steps forward for a National Strategy for Trusted Identities in Cyberspace, started a conversation about privacy concerns within mobile apps, and worked to combat Botnets that threaten internet security. To ensure continued Internet security, Commerce has opened a Cybersecurity Center of Excellence.

Acting Commerce Secretary Rebecca Blank Wrapped up Her Visit to Turkey with Concrete Steps to Advance the U.S-Turkish Commercial Relationship

Acting Secretary Blank Co-Chairs the U.S.-Turkey Framework for Strategic Economic and Commercial Cooperation  with U.S. Trade Representative Ron Kirk,  Deputy Prime Minister Ali Babacan and Minister of the Economy Zafer Caglayan

Acting U.S. Commerce Secretary Rebecca Blank wrapped up her visit to Turkey after co-chairing the second meeting of the U.S.-Turkey Framework for Strategic Economic and Commercial Cooperation (FSECC) with U.S. Trade Representative Ron Kirk in Ankara yesterday. The Turkish delegation was led by Deputy Prime Minister Ali Babacan and Minister of the Economy Zafer Caglayan.

The FSECC was created following the first meeting between President Obama and Turkish President Gul in April 2009. The two leaders tasked the U.S. and Turkish governments to create a framework to help substantially increase the trade and investment flows between both countries to help strengthen the economic dimension of our partnership. The meeting focused on opportunities for increased bilateral trade and investment relations to create jobs in both countries, and the ministers agreed on several concrete steps to advance the U.S-Turkish commercial relationship. The Acting Secretary promoted increased Foreign Direct Investment, including calling for greater Turkish FDI to the U.S., highlighting Commerce’s SelectUSA initiative. The four principals made a joint statement after the meeting.

During the meeting, Acting Secretary Blank announced that the Commerce Department's International Trade Administration will lead an Aerospace and Defense Industry Trade Mission to Turkey in December 2012. She also applauded the work that has been done so far to increase bilateral trade between the U.S. and Turkey.  She emphasized the work that must be done to continue to advance the U.S.-Turkey trade relationship, such as overcoming market access barriers, furthering cooperation on intellectual property rights, and enabling businesses to take advantage of opportunities in key sectors such as renewable energy, financial services, and infrastructure.