U.S. EXPORT DATA RELEASED FOR 2012
Last year was another record-setting year for U.S. exporters. Data released recently show that in 2012, American exports totaled $2.2 trillion, eclipsing the previous record of $2.1 trillion in exports in 2011.
Data from the Department of Commerce show that U.S. exports in 2012 totaled $2.2 trillion, a record for American exports.“Made in the USA” products are in demand all over the world. The increase in U.S. exports continues an upward trend that began in 2009. This trend has contributed to the creation of 6.1 million American private-sector jobs during the last 35 months.
Data show significant export growth in agriculture, motor vehicles, aerospace, and travel and tourism. The U.S. also continued to dominate exports in the services industry, worth over $632 billion, an increase of $26.4 billion over the previous year. This gave us a $195 billion trade surplus for services, which is a record surplus for the services industry.
There was significant growth in trade with the 20 countries sharing trade partnerships with the U.S. Exports to these countries grew at nearly twice the rate of exports to the rest of the world and represented nearly half of all U.S. exports in 2012. Exports to Panama and Colombia, two countries with which the U.S. entered trade agreements in 2012, achieved record highs.