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President Obama’s trade agenda will unlock opportunity for Maryland workers and businesses – strengthening the American middle class
In 2013, Maryland exported a record-breaking $11.8 billion of Made-in-America goods to the world – supporting 55 thousand jobs. $10.8 billion of those exports were manufactured products. And Maryland exports of manufactured products supported an estimated 52,000 jobs that year.
Trade is a key driver of Maryland’s economy, and President Obama’s two highest trade priorities, the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (T-TIP), will give Maryland and the United States enhanced access to three out of Maryland’s largest five export markets – Canada, Mexico, and the United Kingdom. What’s more, TPP and T-TIP will include Maryland’s top 4 sources of foreign investment: the Netherlands, the United Kingdom, France, and Canada (as of 2011, the latest year available).
These agreements will also help American manufacturing by raising labor and environmental standards throughout the Asia-Pacific region, levelling the playing field for U.S. workers and businesses.
Made-in-America Exports and Manufacturing Jobs in the United States
- In 2013, U.S. manufacturing exports reached a record of nearly $1.4 trillion.
- An estimated 1 in 4 manufacturing jobs are supported by exports
- Nationally it is estimated that exports of manufactured products supported 6.2 million jobs in 2013.
- Manufacturing exports account for almost 88% of all jobs supported by the export of goods and almost 55 percent of all jobs supported by both goods and services exports.
Made-in-America Exports and Manufacturing Jobs in Maryland
- Maryland exports of manufactured products supported an estimated 52 thousand jobs in 2013.
- In 2011 (latest year available), over one-tenth (13.2 %) of all manufacturing workers in Maryland depended on exports for their jobs.
- The state's largest manufacturing export category is transportation equipment, which accounted for $3.5 billion of Maryland's total merchandise exports in 2013.
- Other top manufacturing exports are chemicals ($1.9 billion), electronic products ($1.7 billion), machinery ($1.2 billion), and primary metal manufacturing ($378 million).
Exports Support Jobs in Maryland and Across the United States
- 55,000 jobs were supported by Maryland exports in 2013.
- In 2013, Maryland goods exports were $11.8 billion, an increase of 139%, or $6.8 billion, from its export level in 2003.
- Total exports from Maryland helped contribute to the record-setting value of U.S. goods and services exports in 2013, which reached $2.3 trillion.
- Nationally, jobs supported by exports reached more than 11 million in 2013, up 1.6 million since 2009.
- Every billion dollars of U.S. exports of goods supported an estimated 5,400 jobs in 2013.
- Jobs supported by goods exports pay an estimated 13% to 18% above the national average.
Exports Sustain Thousands of Maryland Businesses
- A total of 7,386 companies exported from Maryland locations in 2012. Of those, 6,529 (88.4 percent) were small and medium sized enterprises with fewer than 500 employees.
- Small and medium-sized firms generated over one-quarter (29.1 percent) of Maryland's total exports of merchandise in 2012.
Maryland Depends on World Markets
- Maryland’s export shipments of merchandise in 2013 totaled $11.8 billion.
- The state’s largest market was Canada. Maryland posted merchandise exports of $1.9 billion to Canada in 2013, representing 15.8 percent of the state’s total merchandise exports.
- Canada was followed by Saudi Arabia ($1.0 billion), China ($563 million), the United Kingdom ($497 million), and Mexico ($494 million).
- Maryland’s state exports of goods to the 20 existing FTA countries totaled $3.6 billion in 2013, 31% of Maryland’s total goods exports to the world.
- Maryland shipped $757 million in agricultural exports abroad in 2012 (latest data available according to the U.S. Dept. of Agriculture). Top agriculture export categories include soybeans ($163 million), poultry ($149 million), wheat ($55 million), and corn ($39 million).
Maryland Will Benefit from President Obama’s Trade Agenda
- President Obama’s top trade priorities are the negotiations for a Trans-Pacific Partnership with the Asia-Pacific Region and the Transatlantic Trade and Investment Partnership with the European Union – two state-of-the-art agreements that will unlock opportunity in the United States by fostering economic growth, supporting jobs, and bolstering our competitiveness.
- Three out of Maryland’s top five export markets will be covered by the Trans-Pacific Partnership (Canada, and Mexico), and the Transatlantic Trade and Investment Partnership (the United Kingdom), making it easier for Maryland workers, farmers and ranchers, and businesses to sell more Made-in-America exports to Maryland’s main customers.
- 30% of Maryland’s exports ($3.5 billion) already go to TPP countries.
- 19% of Maryland’s exports ($2.2 billion) already go to T-TIP countries.
International Investment Creates Jobs in Maryland
- In 2011 (latest year available), foreign-controlled companies employed 105,500 Maryland workers. Major sources of foreign investment in Maryland in 2011 included Netherlands, United Kingdom, France, and Canada.
- Foreign investment in Maryland was responsible for 5.1 percent of the state's total private-industry employment in 2011.
Maryland’s Major Metropolitan Areas Benefit from Exporting
In 2013, the following metropolitan areas in Maryland recorded goods exports:
- Baltimore-Columbia-Towson ($5.9 billion)
- California-Lexington Park ($27 million)
- Salisbury ($1.2 billion) portions of this MSA are shared with one or more other states
- Hagerstown-Martinsburg ($296 million) portions of this MSA are shared with one or more other states