U.S. exports supported more than 11.3 million jobs last year, according to Secretary of Commerce Penny Pritzker.
A report from the Department of Commerce released Tuesday shows that exports are supporting more jobs now than at any time in the past 20 years.
“The strong correlation between exports and U.S. jobs is why the Department of Commerce is focused on helping American companies sell their goods and services all over the globe,” Pritzker said. “The fact is, 95 percent of worldwide consumers live outside U.S. borders, and for our businesses to grow and create jobs, we have to make it possible for them to reach new markets.”
According to the department, in 2013, every $1 billion of U.S. exports supported about 5,600 jobs.
Since 2010, when President Obama launched the National Export Initiative, the U.S. has experienced four consecutive years of record exports, the department said.