Top 10 unknown facts about international trade
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INTERNATIONAL TRADE FACTS ABOUT OVERLOOKED
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Transcript of Top 10 unknown facts about international trade
INTERNATIONAL TRADEFACTS ABOUT
OVERLOOKED
Top 10 Overlooked Facts About Trade
80% 92% 95%Outside our borders are markets that represent
of theECONOMICGROWTH
of itsCONSUMERS
THE POSSIBILITIES ARE ENDLESS.
of the WORLD’SPURCHASINGPOWER
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Top 10 Overlooked Facts About Trade
U.S. factories have nearly doubled their output in the past two decades and today account for one-fifth of world manufacturing value added—a share greater than that of China, India, Brazil, and Russia combined.
ONE IN THREE manufacturing jobs depends on exports.
2
Top 10 Overlooked Facts About Trade
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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 IN THREE ACRES
Top 10 Overlooked Facts About Trade
4
U.S. SERVICES EXPORTStop $600 billion dollars annually, with a trade
surplus that approaches $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.
Top 10 Overlooked Facts About Trade
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While they represent just 10% of global GDP,America’s free trade agreement (FTA) partners buy
nearly half of U.S. exports.
In other words, FTAs can makebig markets even out of small economies.
Top 10 Overlooked Facts About Trade
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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.
Free Trade AgreementFree Trade Agreement
Free Trade Agreement
TRADE manufactures
MANUFACTURES
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ture
s
MAN
UFAC
TURE
S
MANUFACTURES
MANUFACTURES
SERV
ICES
SERVICES
SERVICES
SERVICES
SERVICES
Agricultural Products
Agricultural Products
SOLUTION
AGRI
CULT
URAL
PRO
DUCT
S
AGRICULTURAL PRODUCTS
Expo
rt
Export
EXPORT
EXPORT
EXPORT
Import
import
IMPORT
Import
IMPORT
Import
Import
TRADE
TRADE
TRAD
E
TRADE Trade
Trade
TRAD
E
TRADE
man
ufactures
manufactures
Agricultural Products
EXPORT
Import
Import
SOLU
TION
SOLUTION
SOLUTION
SOLU
TION
SOLUTION
SOLUTION
SER
VICES
SERVICES
Import
TRAD
E
Free Trade Agreement
SOLUTION
Top 10 Overlooked Facts About Trade
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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.
Top 10 Overlooked Facts About Trade
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38JOBS in 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
Top 10 Overlooked Facts About Trade
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More than 97% of the293,000 U.S. companies that 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.
Top 10 Overlooked Facts About Trade
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U.S. exports of goods and services reached nearly
$2.2 trillion in 2012. In other words, American workers, farmers and
companies can compete and win in the world economy.
ReferencesAll data from the U.S. Department of Commerce, except:
1. IMF and World Bank. 2. White House; 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.
