Transcript U.S. Manufacturing and Trade Data

U.S. Manufacturer Goods Exports More than Quadrupled
since 1990
$1,600
$1,400
$1,200
Billions
$1,000
$800
$600
$400
$200
$0
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
The World Market for U.S. Manufactured Goods Equaled More than $10
Trillion in 2013
US$ billions
$12,000
$10,000
$8,000
$6,000
$4,000
$2,000
$0
Worldwide Imports of Manufactures (excluding the US)
The United States Needs to Grow its Share of Exports
Share of 2013 Worldwide Manufactured Goods Exports
18%
China
Germany
United States
43%
10%
Japan
South Korea
France
Italy
9%
5%
3%
Source: World Trade Organization
4%
4%
4%
Netherlands
Others
Why Trade Agreements Matter:
The United States Faces More Tariffs than Other Major Countries
Country
“Tariffs Faced” Ranking
(from least to most tariffs)
Chile
1
Mexico
28
Brazil
51
South Korea
55
China
58
India
59
Canada
72
Germany and all EU countries
73
Russia
115
United States
130
Source: World Economic Forum, Global Enabling Trade Report (2014)
Nearly Half of U.S. Manufactured Goods Exports
Are Purchased by the United States’ 20 FTA
Partners
FTA Partners
Rest of World
48%
52%
U.S. Free Trade Agreement (FTA) Partners
Australia
Israel
Bahrain
Jordan
Canada
Korea
Chile
Mexico
Colombia
Morocco
Costa Rica
Nicaragua
Dominican Republic
Oman
El Salvador
Panama
Guatemala
Peru
Honduras
Singapore
2013 Composition of U.S. Manufactures Exports
(billions)
$1600
$1400
$1200
$1000
$800
$600
$400
$200
$0
1990
2000
2010
2013
TRANSPORTATION EQUIPMENT
COMPUTER AND ELECTRONIC PRODUCTS
CHEMICALS
MACHINERY, EXCEPT ELECTRICAL
PETROLEUM & COAL PRODUCTS
MISCELLANEOUS MANUFACTURED COMMODITIES
PRIMARY METAL MFG
FOOD MANUFACTURES
ELECTRICAL EQUIPMENT & APPLIANCES
FABRICATED METAL PRODUCTS
PLASTICS & RUBBER PRODUCTS
PAPER
NONMETALLIC MINERAL PRODUCTS
TEXTILES & FABRICS
BEVERAGES & TOBACCO PRODUCTS
WOOD PRODUCTS
PRINTED MATTER AND RELATED PRODUCTS
FURNITURE & FIXTURES
APPAREL MANUFACTURING PRODUCTS
LEATHER & ALLIED PRODUCTS
TEXTILE MILLS PRODUCTS
Source: Commerce Department