Export Growth

Here is the good side to a weakening dollar and the importance to Free Trade Agreements to our Balance of Trade.  Last year, U.S. exports grew by 13% over 2005 to $1.4 trillion. Exports to all regions of the world showed significant growth, rising for 29 of America’s top 30 trading partner countries — and reaching double-digit growth rates in such key markets as China, South Korea, Malaysia, Singapore, Mexico, India, Brazil, and the European Union. Exports comprised 11.1% of U.S. gross domestic product (GDP) in 2006 compared to 9.6% in 2002 and 5.2% 50 years ago.chart21.gif

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