Tagged: Exports

The U.S. sells over $1 trillion worth of goods to the world every year. We also export hundreds of billions of dollars worth of services — legal and financial advice, plane tickets, etc.

After we ran the chart above earlier this year, one category in particular piqued our interest: Royalties and licensing. That category is, essentially, ideas America sells to the world.

In his State of the Union address two years ago, President Obama argued there were a few things the U.S. needed to do in order to recover from the economic recession. One of them was to export more of our goods around the world.

"The more products we make and sell to other countries, the more jobs we support right here in America," Obama said.

That night, the president unveiled a new goal: to double U.S. exports over the next five years. It would be an increase that the president said would "support two million jobs in America."

Transcript

LINDA WERTHEIMER, HOST:

This is WEEKEND EDITION from NPR News. I'm Linda Wertheimer.

President Obama is in Colombia today, along with 33 leaders, gathered for the Summit of the Americas. During his visit, the president hopes to highlight growing economic ties within the region. On his way to Colombia, Mr. Obama made a swing-state pit-stop in Tampa, Florida.

NPR's Scott Horsley reports.

So far this year, exports of Colorado agricultural goods are up by more than 30% compared to the same period last year.  That’s according to new statistics by the Colorado Department of Agriculture.