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: For additional information and to view the complete data series and methodology, visit www.trade.gov/metrodata.
Source: U.S. Department of Commerce
