Posted at 11:15 AM
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.