FOR IMMEDIATE RELEASE
Tuesday, May, 11, 2010
CONTACT OFFICE OF PUBLIC AFFAIRS
U.S. Commerce Secretary Gary Locke Statement on March 2010 U.S. International Trade in Goods and Services
The Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis today released a report on March 2010 U.S. International Trade in Goods and Services. Today’s report showed that U.S. exports in March 2010 increased by 3.2 percent to $147.9 billion from their February 2010 level. Imports in March increased 3.1 percent over February to $188.3 billion.
“The rise in imports shows increasing consumer confidence in America's economic recovery,” Commerce Secretary Gary Locke said. “It's heartening to see a corresponding increase in exports.
“This administration is focused on helping American businesses take advantage of the worldwide recovery underway, ramping up trade advocacy on all fronts – from providing credit to small businesses that want to export to increasing the number of trade experts who will help U.S. companies find buyers abroad to the continued rigorous enforcement of our trade laws.”
Next week, Locke will lead 46 U.S. business executives on a trade mission to China and Indonesia. The delegation will explore new opportunities to compete and to help spur future economic growth and job creation here at home by meeting the rising global demand for clean energy.
“Developing the clean-energy and energy-efficiency technologies needed to curb greenhouse gas emissions could spur one of the greatest economic opportunities of the 21st century,” Locke said. “And developing a long-term clean energy partnership between China and the United States could help put many Americans to work in family-wage jobs.”
Locke and the U.S. business delegation will make stops in Hong Kong, Shanghai, and Beijing, China; and Jakarta, Indonesia, May 16-26. This will be the first cabinet-level trade mission since President Obama announced his National Export Initiative, which aims to double American exports by 2015. The mission will promote exports of leading U.S. technologies related to clean energy, energy efficiency, and electric energy storage, transmission and distribution.