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Sec. Penny Pritzker: US Exports Hit $2T in 2014

Penny Pritzker
Penny Pritzker

Commerce Secretary Penny Pritzker has released new trade data that shows U.S. exports reached $2.35 trillion in 2014.

The Commerce Department’s report on international trade in U.S. goods and services indicates the increase was by more than $760 billion since 2009, the department said Thursday.

Pritzker said the Obama administration intends to pass trade promotion legislation and trade agreements with the goal of expanding the markets for U.S.-made products and services.

Data from the report indicated U.S. exports for capital goods, consumer goods, petroleum products, foods and beverages, and automotive vehicles and parts reached $1.64 trillion in 2014, with Canada, Mexico and China as the largest export markets.

Goods exports to 20 countries that have trade agreements with the U.S. grew by 4.3 percent from 2013, the agency said.

The growth in travel, intellectual property and financial services exports registered a $710.3 billion increase, the trade data also showed.

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