Over $1 trillion in exports last year. Not bad considering we don’t make anything here anymore.
That’s a 49% increase in 4 years. That’s pretty darn impressive for exports. I expect this year should be solid as well. If oil wasn’t so high, we might even be close to running a trade surplus.
None of the links work.
Over $1 trillion in exports last year. Not bad considering we dont make anything here anymore.
I agree that we obviously do still make things for export and that exports have had increased significantly in nominal terms over the past four years. However, it's worth looking at exports and imports as a percent of GDP as shown in the following graph:
The actual numbers and sources are at http://home.att.net/~rdavis2/tradeall.html. As can be seen, as a percent of GDP, exports are still below their 1997 high. Imports, on the other hand, have increased significantly over that period. As a result, so has the trade deficit.
How low would you like the dollar to go?