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U.S. Export Highlights, 2012. EREN Meeting, February 21, 2013 J.D. Snyder Project Director MSU Center for Community and Economic Development. U.S. Export Highlights, 2012. U.S. goods and services exports reached all-time high of $2.2 trillion in 2012
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U.S. Export Highlights, 2012 EREN Meeting, February 21, 2013 J.D. Snyder Project DirectorMSU Center for Community and Economic Development
U.S. Export Highlights, 2012 • U.S. goods and services exports reached all-time high of $2.2 trillion in 2012 • Michigan goods exports totaled $52 billion in 2012 • $48.7 billion in manufactured goods • $3.3 billion in non-manufactured goods Source: U.S. Census Bureau (goods) and U.S. BEA (services)
U.S. Export Highlights, 2012 • Exports grew by $92.6 billion in 2012 (Despite significant economic headwinds in global markets, e.g. Europe in particular.) • Exports made up 13.9% of the U.S. GDP in 2012 • Tie for record set in 2011
Major U.S. Goods Export Markets • Canada • $292.4 billion (up 4.1%) • Mexico • $216.3 billion (up 9.1%) • China • $110.6 billion (up 6.4%) • Japan • $70 billion (up 6.6%)
Major U.S. Goods Export Markets • Record levels of U.S. Exports in 2012 to: • Brazil • India • Columbia • Saudi Arabia • Indonesia • South Africa • Vietnam
