The Global Rebound Affects U.S. Economic Growth

According to the World Trade Organization, world trade is set to rebound in 2010 by growing at an average of 9.5 percent.

  • Exports from developed economies are expected to increase by 7.5 percent.
  • Exports from the rest of the world are expected to rise by about 11 percent.
And according to a special report on the U.S. economy in The Economist:
  • Economic transformation in the U.S. will require businesses to rely less on selling to fellow Americans and more on selling abroad. The emphasis will be on high-value products and services rather than on labor-intensive items.
  • The U.S. export boom will be led by sectors in which the U.S. has a clear competitive advantage, including sophisticated, knowledge-intensive capital goods like microprocessors, and high-end services like engineering, oil production and architecture.
Small Businesses’ Potential Yet to Be Tapped
  • Services are playing, and will continue to play, an increasingly important part in U.S. exports. Their share of total exports has gradually increased to nearly 33 percent last year. Within that category, the private side — which covers things like business, professional and financial services — has been growing fastest.
Want to know if your product or service could be successful in the international marketplace?
Contact FedEx and the U.S. Commercial Service. Through our extensive exporting experience and expertise, we can help:
  • Identify new markets that offer opportunities for sustainable growth.
  • Determine a pricing strategy that will maximize the return on your export investment.
  • Recommend export strategies unique to your business and industry.
"If small businesses can sell more, they'll produce more, and more people can find work. American consumers alone can't be counted on to lead our economy back to recovery. We need to look to demand beyond the U.S."
~ Dick Durbin, U.S. Senator of Illinois