For Immediate Release: September 17, 2013
Contact: Mary Trupo (202) 482-3809
Statement From U.S. Under Secretary of Commerce for International Trade Francisco Sanchez on the Brookings Institution's Export Nation 2013 Report
WASHINGTON – Today, the Brookings Institution, jointly with JPMorgan Chase, released a report on its Global Cities Initiative titled Export Nation 2013. Some of the findings of the report include that exports drove post-recession growth in the United States, and exports drive more than half of the growth in the 100 largest metropolitan areas. It notes that the metropolitan areas where exports contributed the most to economic production and output also experienced higher economic growth.
“Brookings has been an exceptional partner with the Department of Commerce in promoting the importance of exports and helping to educate leaders in cities and metropolitan areas on how they can use their unique regional assets to help companies expand exports. This report shows the progress regions have made through President Obama’s National Export Initiative and yet we know there is more work to do. We will continue to collaborate with Brookings and other partners to ensure that more regions and communities see exports as a path to further growth and job creation, and that they incorporate an export strategy into their broader economic development plans.”
Last year, exports hit a record at $2.2 trillion, $600 billion more than in 2009. Exports in the first half of 2013 were more than the entire year of exports just a decade ago. Nearly 10 million Americans across the country are employed in export-supported jobs, a 1.3 million increase since 2009. Metropolitan areas account for nearly 90 percent of U.S. exports.
International Trade Administration
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