Mid-Year
2007 Data Emphasizes Positive Impact Exports Have on Metropolitan Economies
DETROIT—U.S.
Commerce Department today announced new data that shows through the first half
of 2007, 77 metropolitan areas across the nation recorded U.S. product sales of
$1 billion or more to markets around the world illustrating the economic value
of open markets. The numbers are part of a series of data that precisely measures
export values for metropolitan areas.
“Booming
exports underscore the strength of American workers and American companies in
the world marketplace,” U.S. Commerce Secretary Carlos M. Gutierrez said.
“This new data shows the benefits of dynamic and open trade with global partners
to regional economies, and our more current national export data indicates that
exports continue to support American jobs and stimulate our economy in communities
across the country.”
In a speech before
the Detroit Economic Club, Secretary Gutierrez announced that the Detroit metro
area was the fifth largest export market in the United States with sales totaling
$24.3 billion. Three quarters of the exports were to free trade agreement countries,
with $18.2 billion headed to Canada and Mexico, and $71 million to the Central
America and the Dominican Republic.
- Highlights from Metro Area Export
series for the first half of 2007 include:
The top ten U.S. metropolitan areas
posted total export sales of $207 billion. These exports accounted for 37 percent
of total U.S. exports over this period. The top ten markets include New York-Northern
New Jersey-Long Island; Houston-Sugar Land-Baytown; Los Angeles-Long Beach-Santa
Ana; Seattle-Tacoma-Bellevue; Detroit-Warren-Livonia; Chicago-Naperville-Joliet;
San Jose-Sunnyvale-Santa Clara; Miami-Fort Lauderdale-Miami Beach; Dallas-Fort
Worth-Arlington; and Boston-Cambridge-Quincy.
- Five metropolitan
areas posted impressive export sales of $20 billion or more. Sixteen other U.S.
metro areas exported between $5 and $20 billion. Combined, these top 21 metro
areas accounted for 51 percent of total U.S. merchandise exports.
Background
The
data series contains merchandise export values for 369 metropolitan areas. Service
export values are not included in this series. Available for 2005, 2006, and now
first half 2007, this data also contains metro area exports as a percent of the
state total, where possible; product exports to individual countries for the 50
largest metropolitan areas; top global export product categories; and total exports
to ten regional destinations.
For additional information and to view the complete
data series and methodology, visit www.trade.gov/metrodata.
