WASHINGTON, D.C. – It comes as a surprise that the Central Intelligence Agency ranks the U.S. as the third highest exporter globally at $1.55 trillion, making it one of the world’s developing markets that topped China’s $2.05 trillion and the EU’s $2.17 trillion, as a recorded fall in imports of about $6.2 billion. “In December 2012, exports of goods and services grew by $3.9 billion to $186.4 billion, which included increases in industrial supplies and materials, and travel and tourism,” the U.S. Department of Commerce reported in February 2013.
As one of the richest countries in the world, the U.S. can potentially enlarge this trillion dollar number in exports by decreasing the international poverty rate. If the U.S. provides the necessary tools to industrialize and maintain growth in low-income countries, it can gain new markets for U.S. companies. There are 10 U.S. cities which stand to gain the most from global poverty dropping.
Number 10 is Minneapolis, Minnesota. The Midwest City traded $25.2 billion in crop production, manufactured products, and food products. At 9 is California’s San Jose. The Bay Area saw revenue from distributing computer and electronic products, electrical equipment, and other manufactured commodities at $26.7 billion.
Dallas/Fort Worth comes in at 8 with $27.8 billion. The city some of the standard goods and products most cities exported such as computer and electronic products, transportation equipment, chemicals, and other manufactured commodities.
Chicago managed an impressive jump from Dallas with $40.6 billion in exports to be in 7th place. It mass-produced chemicals, computer and electronic products, transportation equipment, and petroleum and coal products.
Miami/Ft. Lauderdale, the sixth U.S. city to gain from global poverty dropping saw an upsurge in tourism last year. In addition, the city made approximately $47.9 billion in exports of mainly transportation equipment, chemicals, and metal manufacturing.
At 5 is Seattle/Tacoma, Washington with $50.3 billion, whose fish and game exportation was significant. The city also sold transportation equipment, computer and electronic parts, and food products.
A big surprise however is that Detroit, Michigan is number four on the list. Its economic hardship has not stopped the motor city, which made $55.4 billion in exporting transportation equipment, computer and electronic parts, electrical equipment, and metal products.
Two big coastal cities, Los Angeles in the West and New York in the East are third and second respectively. Both provided manufactured commodities, chemicals, and computer and electronic products, but NYC raked in $25 billion more than LA’s $75 billion. Petroleum and coal products and primary manufacturing helped New York gross over $102 billion last year.
And which U.S. city would gain the most from global poverty dropping? Houston, Texas. Trading petroleum and coal products, chemicals, computer and electronic products, and oil and gas extraction amounted to $110.3 billion for the fourth-largest city in the U.S.
Jonathan Ewing from the U.S. Global Leadership coalition conveys a strong argument for the reduction of poverty stating, “U.S. investments in [poor countries]are so critical to our own economy: the more that American businesses export, the more American jobs are created.”
– Bridgine Joshua
Sources: USGLC, CIA World Factbook, US Department of Commerce
Photo: The Texas Bowl