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The Top 10 Overlooked Facts About International Trade


Published on

Updated: March 2016

The Top 10 Overlooked Facts About International Trade

  2. Top 10 Overlooked Facts AboutTrade 80% 92% 95% Outside our borders are markets that represent of the ECONOMIC GROWTH of its CONSUMERS THE POSSIBILITIESARE ENDLESS. of the WORLD’S PURCHASING POWER 1
  3. Top 10 Overlooked Facts AboutTrade U.S. factories have nearly doubled their outputin the past two decades and last year generated $1.3 trillionin exports. ONE IN FOUR manufacturing jobs depends on exports. 2
  4. Top 10 Overlooked Facts AboutTrade 3 on American farms is planted for export. U.S. farmers and ranchers are the world’s most productive and top the global export rankings for a host of commodities. ONE INTHREEACRES
  5. Top 10 Overlooked Facts AboutTrade 4 U.S.SERVICESEXPORTStop $700 billion dollars annually, with a trade surplus of more than $200 billion. The United States is home to large numbers of world beating services firms in such sectors as audiovisual, banking, energy services, express delivery, information technology, insurance, and telecom.
  6. Top 10 Overlooked Facts AboutTrade 5 While they represent just 6% of the world’s population, America’s free trade agreement (FTA) partners buy nearly half of U.S. exports. In other words, FTAs can make big markets even out of small economies.
  7. Top 10 Overlooked Facts AboutTrade 6 The United States has a TRADE SURPLUSwith its 20 FTA partners—in manufactures, services, and agricultural products. If you’re worried about the trade deficit, FTAs are the solution—not the problem. FreeTradeAgreement FreeTradeAgreement FreeTradeAgreement TRADE manufactures MANUFACTURES manufactures MANUFACTURES MANUFACTURES MANUFACTURES SERVICES SERVICES SERVICES SERVICES SERVICES Agricultural Products Agricultural Products SOLUTION AGRICULTURALPRODUCTS AGRICULTURAL PRODUCTS Export Export EXPORT EXPORT EXPORT Import import IMPORT Import IMPORT Import Import TRADE TRADE TRADE TRADE Trade Trade TRADE TRADE manufactures manufactures Agricultural Products EXPORT Import Import SOLUTION SOLUTION SOLUTION SOLUTION SOLUTION SOLUTION SERVICES SERVICES Import TRADE Free Trade Agreement SOLUTION
  8. Top 10 Overlooked Facts AboutTrade 7 Imports mean lower prices and more choices for American families as they try to stretch their budgets and for companies seeking raw materials and other inputs. Access to imports boosts the purchasing power of the average American household by about $10,000 annually.
  9. Top 10 Overlooked Facts AboutTrade 8 40JOBSin the United States—more than one in five American jobs. The expansion in trade spurred by U.S. FTAs sustains more than five million of those jobs. Trade supports MILLION
  10. Top 10 Overlooked Facts AboutTrade 9 98% of the 304,000 U.S. companiesthat export their products are small and medium-sized companies. While large companies account for a majority of exports, small and medium-sized companies account for more than one-third of all U.S. merchandise exports.
  11. Top 10 Overlooked Facts AboutTrade 10 U.S. exports of goods and services reached nearly $2.23 trillion in 2015. In other words, American workers, farmers and companies can compete and win in the world economy.
  12. References All data from the U.S. Department of Commerce, except: 1. IMF and World Bank. 2. U.S. Department of Commerce; UNIDO. 3. U.S. Department of Agriculture. 7. Peterson Institute for International Economics. 8. Studies by Trade Partnership Worldwide, LLC, for Business Roundtable and the U.S. Chamber of Commerce.
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