Exports = Jobs = Growth
Stefan M. Selig is the Under Secretary of Commerce for International Trade.
Tip O'Neill famously quipped that all politics is
local. I'm proud to report that apparently international trade can also be
According to a study ITA released this week, U.S.
metro areas are emerging as leading sources of international trade and great
pockets of economic growth.
Merchandise goods exports from 387 metropolitan
areas last year totaled $1.4 trillion. Of those 387 metropolitan hubs, 156 reported more than $1 billion in goods exports each.
The top five export hubs and the value of their
merchandise exports are below:
- Houston-The Woodlands-Sugar Land--$115
- New York-Newark-Jersey City--$106.9
- Los Angeles-Long Beach-Anaheim--$76.3
- Seattle-Tacoma-Bellevue--$56.7 billion
- Detroit-Warren-Dearborn--$53.9 billion
fact, Detroit export
sales last year were higher than every year between 2005, the earliest
year we collected the data, and 2008 when the global recession began.
That means that Detroit export sales have not only reached pre-great recession
levels. They've exceeded them.
export success is also a reflection of the strength of our free trade
billion of the Detroit metro area's nearly $54 billion in goods exports went to
free trade partner markets Canada and Mexico. The strength of that trade
relationship has made Mexico
the largest growing U.S. auto/auto
parts export market in the world. Between 2009 and 2013 auto and auto parts exports have
increased by 13% annually.
export strength and the strength of our free trade partnerships will be the
themes of the upcoming
DISCOVER GLOBAL MARKETS event next week in Detroit.
This series connects our commercial diplomats with leading private sector experts and U.S. businesses active overseas to explore ways to access new markets and develop international business plans.
Speaking of our commercial diplomats, many of them are in D.C this week, sharing best practices and joining forces to better support our clients. I was glad to have the chance to meet many of them today and thank them for their service. I look forward to seeing many positive results from this week's meeting.
Thanks to all of you for supporting U.S. exports and business investment.