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Trade

The combined value of U.S. exports and imports has grown from 9 percent to 28 percent of GDP between 1965 and the third quarter of 2015.

Source
U.S. Bureau of Economic Analysis. (October 2015). National Income and Product Accounts, Table 1.1.5, seasonally adjusted at annual rates. (Last accessed 10/30/15)

Roughly 84 percent of global purchasing power is located outside of the United States.

Source
International Monetary Fund. (October 2015). “World Economic Outlook database,” gross domestic product based on purchasing-power-parity (PPP) share of world total.

Salaries in export-intensive U.S. industries are up to 16.3 percent higher for manufacturing jobs and 15.5 percent higher for services jobs than for similar jobs in industries that are not export intensive.

Source
Riker, David. (April 2015). “Export-Intensive Industries Pay More on Average: An Update,” International Trade Administration. Note: Author defines “export-intensive industries” as industries in which the value of exports exceeded 10 percent of total shipments in 2012.

47 percent of U.S. goods exports go to the country’s 20 existing free trade agreement (FTA) partners.

Source
U.S. Census Bureau. (October 2015). Foreign Trade, Country and Product Trade Data, seasonally adjusted; Office of the U.S. Trade Representative. “Free Trade Agreements.” Note: Data represent the value of U.S. goods exports to FTA partners (and the rest of the world) from October 2014 to September 2015.

The countries with which the United States currently has FTAs account for 10 percent of global GDP. Successfully completing the TransPacific Partnership (TPP) and Trans-Atlantic Trade and Investment Partnership (TTIP) negotiations would increase that share to 41 percent.

Source
International Monetary Fund. (October 2015). “World Economic Outlook,” gross domestic product (current U.S. dollar equivalent), share of world total; Office of the U.S. Trade Representative. “The Trans-Pacific Partnership.”

The TPP will help increase U.S. trade and investment ties with 11 other countries, which will create a trade zone with a combined population of 806 million and 36 percent of world GDP.

Source
International Monetary Fund. (October 2015). “World Economic Outlook,” gross domestic product (current U.S. dollar equivalent) and population; Office of the U.S. Trade Representative. “The Trans-Pacific Partnership.”

More than 17,000 U.S. businesses are subsidiaries of companies based in TPP countries.

Source
Uniworld Business Publications, Inc. “Foreign Firms Operating in the United States.” (Last accessed 9/15)

The Export-Import Bank supported approximately 164,000 American jobs and facilitated more than $27 billion in U.S. exports in 2014.

Source
Export-Import Bank of the United States. (2014). Annual Report 2014, FY 2014 Highlights.

89 percent of approved Export-Import Bank transactions in 2014 were for small businesses (3,347 out of 3,746 total transactions). 

Source
Export-Import Bank of the United States. (2014). Annual Report 2014, FY 2014 Highlights.

The United States provides less than $700 of official export credit support for every $1 million of GDP, placing it eighth out of the world’s top 10 economies in terms of the export credit support provided to domestic companies.

Source
Export-Import Bank of the United States. (June 2015). “Report to Congress on Global Export Credit Competition”; International Monetary Fund. (October 2015). “World Economic Outlook,” gross domestic product (current U.S. dollar equivalent).

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