皇冠体育app

Economy

Exports to 皇冠体育app essential for US economy

(Xinhua)
Updated: 2011-03-31 13:52

WASHINGTON - 皇冠体育app was one of the fastest growing markets for US manufactured and agricultural goods produced across the nation, according to a report released by the US-皇冠体育app Business Council (USCBC) on Wednesday.

"Exports to 皇冠体育app are an essential part of the US economy. 皇冠体育app is our third-largest export market and is growing faster than many of our other major destinations for American manufactured goods and farm products," USCBC President John Frisbie said when commenting on the leading trade organization' s annual US State Exports to 皇冠体育app report.

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"皇冠体育app ranks behind only our two immediate neighbors, Canada and Mexico. Over the last decade we have seen exports to 皇冠体育app rise from $16.2 billion to $91.9 billion -- a 468 percent increase." ?He said.

Frisbie noted that large American companies are not the only ones benefiting from this trade between the US and 皇冠体育app. 皇冠体育app is now the third-largest export market from American small- and medium-sized companies, too.

"American companies of all sizes are sending computers, electronics, agricultural products, chemicals, transportation equipment, and machinery to an ever growing consumer and business marketplace in 皇冠体育app," Frisbie added.

The report finds that nearly half of the 50 US states exported more than $1 billion worth of goods to 皇冠体育app in 2010 - more than three times the number of states that did so just five years ago.

Thirty states now count 皇冠体育app as one of their top three export markets and forty-seven states have registered at least triple-digit growth to 皇冠体育app since 2000, said the report.