Free Trade Agreement. (FTA) partners ... SME share of exports to FTA countries: ... Portion of Exporters to FTA Countrie
Benefits of Trade Agreements The U.S. has trade agreements in force with 20 markets worldwide
2015 U.S. Exports to FTA Countries
U.S. Export Growth to FTA Countries versus Rest of World, 2009-2015 50%
% Growth, 2009-2015
Free Trade Agreement (FTA) partners comprised 10% of global Gross Domestic Product (current U.S. dollars) in 2015
47%
Portion of U.S. goods exports that went to trade agreement partners in 2015
$710
40% 30% 20%
711.4
52%
Billion 793.2
34%
10%
Export Growth to FTA Countries
Export Growth to Rest of World
FTA Countries: Share of U.S. Global Goods Exports by Year
2015 Trade with FTA Countries: Top 3 Sectors with a Trade Surplus
48%
Billions of U.S. Dollars
The U.S. had a $12 billion surplus in manufactured goods trade with FTA partners in 2015
47% 46% 45% 44% 43% 42%
Exports to Res World
Billions of U.S. Dollars
0%
The share of U.S. goods exports to FTA countries has increased in 5 out of 6 years since 2009
Exports to FTA Countries
30
29.1
28.5
24.8
25 20 15 10 5 0
Machinery (NAICS 333)
2009 2010 2011 2012 2013 2014 2015
Petroleum & Coal (NAICS 324)
Chemicals (NAICS 325)
FTA Countries and 2015 Export Value (Billions of U.S. Dollars)
From 2009 to 2015, exports increased for 19 out of 20 FTA partners
NAFTA ($516)
CAFTA-DR ($29)
Canada ($281)
Costa Rica ($6)
El Salvador ($3)
Honduras ($5)
Mexico ($236)
Dominican Republic ($7)
Guatemala ($6)
Nicaragua ($1)
Other ($165) Australia ($25)
Colombia ($16)
South Korea ($43)
Panama ($8)
Bahrain ($1)
Israel ($14)
Morocco ($2)
Peru ($9)
Chile ($15)
Jordan ($1)
Oman ($2)
Singapore ($28)
Country numbers may not sum to totals due to rounding
Data Year: 2015 Updated July 2016
Department of Commerce
|
International Trade Administration
2
Benefits of Trade Agreements Share of State Exports to FTA Partners: 2015 Merchandise Exports
In 2015, 21 states exported more than 50% of their goods to FTA partners The top three states in 2015 were North Dakota (85% of exports), Hawaii (81% of exports) and New Mexico (80% of exports)
Portion of Exporters to FTA Countries in 2013 that were SMEs versus Large Enterprises
Small & Mediumsized Enterprise (SME) exports in 2013 to FTA countries (latest available): $192 billion
SME Exporters to FTA Countries
97%
SME share of exports to FTA countries: 31%
Annual average growth rate for global U.S. exports over the 20-year period from 1995-2015: 5%
For many FTA partners, goods export growth exceeded rest of world growth by more than 10 percentage points in the first five years of the FTA... 337% 305%
Goods Export Growth to FTA Country Five Years After Agreement
300% 252%
250% % Change
Annual average growth rate, per country, 5 years after an FTA entered into force: 11%*
Large Enterprise Exporters to FTA Countries
200% 150% 89%
100% 50% 0%
40%
14%
29%
57%
58%
42%
42%
64%
Australia 2005
Nicaragua Guatemala 2006 2006
77%
42%
22%
42%
42%
Bahrain 2006
Morocco 2006
15%
1% Colombia* 2012
103%
Peru 2009
Mexico 1994
Jordan 2001
Chile 2004
*2016 data unavailable for Colombia, Korea, and Panama; growth calculations use 4 years of data for these partners
This data excludes new TPP markets, as TPP is not yet in force.
Department of Commerce
|
International Trade Administration
Goods Export Growth to Rest of World in Same Period
