FOR RELEASE CONTACT:
Wednesday, November 10, 1999
CLINTON RELEASES COMMERCE DEPARTMENT STUDY
EXPORTS DRIVING ECONOMIES OF U.S. CITIES
YORK, PA --
President William Jefferson Clinton today joined Commerce Secretary
William M. Daley in releasing a Commerce Department report that
demonstrates U.S. exports are driving the economies of cities
around the nation. New statistics contained in the updated report
on the export activity of U.S. metropolitan areas reveal that
sales abroad have become increasingly important to the economic
well-being of cities throughout the nation, with 91 percent of
the 253 metro areas studied recording higher export growth in
1998 than in 1993.
Export sales from
the 253 metro areas studied grew by $166.5 billion from 1993-98,
representing a total gain of 45 percent. Metro areas studied accounted
for $536.4 billion or nearly 80 percent of all U.S. exports of
goods in 1998.
"One cannot overstate
the importance of exports in creating jobs and economic growth
and opportunity in our cities," said Commerce Secretary William
M. Daley. "The findings not only demonstrate the effectiveness
of the Clinton Administration's long-term export promotion strategy,
they also show the critical importance of our ongoing efforts
in the WTO to open markets and assure a level playing field in
"When it comes to
trade, "Fortress America" is no longer a viable strategy," Daley
said. "America's prosperity in the years to come will depend on
how well our companies and our workers are able to compete in
the world economy."
The 1998 data shows
that export growth by the 253 metro areas studied was down 0.9%
(less than one percent) from $541.0 billion in 1997, due largely
to the Asian financial crisis. Nevertheless, a total of 108 metro
areas--over 40 percent of the MSA's for which data are available--realized
export growth in 1998 despite challenging world market conditions.
Washington metro area was the nation's top exporter in 1998, selling
a total of $34 billion in merchandise to foreign markets--the
highest ever one-year total for a metro area. This was followed
by Detroit ($27 billion), New York City ($26.6 billion), and 1997's
top exporter, San Jose ($26.1 billion).
Rounding out the top
ten metro exporters were Los Angeles-Long Beach ($25.6 billion),
Chicago ($22.9 billion,) Houston ($19.1 billion), Miami ($12.9
billion), Minneapolis-St. Paul ($11.7 billion), and Boston ($9.6
A total of 93 metro
areas posted 1998 export sales of $1 billion or more--only one
less than the 94 cities that were members of this "billion-dollar
club" in 1997. Another 36 metropolitan areas recorded 1998
export sales ranging from just over $500 million to just under
$1 billion. An additional 97 metro areas generated exports between
$100 million and $500 million. Over the 1993-98 period, the number
of cities in the exclusive exporting "billion-dollar club" rose
from 76 to 93, a gain of nearly 25 percent.
As in previous years,
the metro areas that posted the largest percentage increases in
export sales during 1998 were almost exclusively small and mid-sized
cities scattered throughout the United States.
The data--which will
serve as a key tool for state, local and private sector organizations
in developing export strategies and measuring results--includes
1998 export sales totals for the 253 metro areas with comparative
figures for each year from 1993-97. Supplementary tables to be
posted on the Internet will provide industry and destination detail
for a number of cities.
According to studies,
jobs supported by U.S. goods exports, directly or indirectly,
pay wages that are 13 percent higher than the average domestic
wage. Jobs directly supported by high technology exports have
average hourly earnings 34 percent higher than the national average.
U.S. exports support
more than 12 million jobs here at home, including positions in
the most competitive U.S. industrial service sectors.
NOTE: The metropolitan
area exports totals and 1998 state export profiles are available
on the U.S. Department of Commerce Website by Clicking
The data presented
show export sales by exporters of record that are located in the
metro areas studied. The location from which exports are sold
is not always the same as the production location. The figures
show the extent to which local businesses have marketed products
abroad, and they provide an indication of the degree to which
local companies--and their employees--depend on export markets.