scorecard
  1. Home
  2. stock market
  3. Anyone Who Thinks America Doesn't Make Stuff Anymore Is Dead Wrong

Anyone Who Thinks America Doesn't Make Stuff Anymore Is Dead Wrong

Lisa Mahapatra   

Anyone Who Thinks America Doesn't Make Stuff Anymore Is Dead Wrong
Stock Market1 min read

In 2012, the U.S. exported a $2.2 trillion worth of goods. According to a new report from the U.S. Department of Commerce, this is an all-time high.

This is also a huge improvement from 2011 when the U.S. exported $1.5 trillion worth of goods.

Exports grew in 35 U.S. states, with 29 states setting new records for export sales, said the report.

"Nationally, jobs supported by exports increased to 9.8 million in 2012," added the Commerce Department.

So, anyone who says America doesn't make anything anymore is wrong.

So who's buying all this stuff? Sales grew the most in countries with which the U.S. has trade agreements. According to the report:

Nationwide, 2012 U.S. merchandise exports to countries with which the United States has a trade agreement outpaced other markets nearly two to one. This included exports to: Oman (+22 percent); Panama (+20 percent); Costa Rica (+19 percent); Chile (+18 percent); Jordan (+18 percent); Colombia (+14 percent); Australia (+13 percent); Peru (+12 percent) and Mexico (+9 percent).

Here's a map from the Commerce Department showing the destination of U.S. goods:


It's interesting to note that according to China's national customs bureau, China exported total of $2.05 trillion worth of goods during that same period.

READ MORE ARTICLES ON


Advertisement

Advertisement