The Northern California-Sacramento Regional Center for International Trade Development (CITD), on behalf of the United States Department of Commerce, is proud to announce that the Sacramento-Roseville-Arden-Arcade, California, metropolitan area has been ranked as one of the top export regions in the country.
WASHINGTON – U.S. Secretary of Commerce Penny Pritzker today released a report highlighting goods exports from U.S. metropolitan areas for 2014. The International Trade Administration’s 2014 Metropolitan Area Export Overview indicates that goods exports from the Sacramento-Roseville-Arden-Arcade, Calif., metropolitan area reached a record $7.1 billion, ranking it as the No. 43 metro area last year. Sacramento goods exports increased by $1.4 billion, or 23.7 percent, from 2013 to 2014, helping Sacramento to remain a top metropolitan area for exports in 2014.
“More and more U.S. businesses understand that 96 percent of their potential customers live outside the United States, and that selling their world-class goods in the global marketplace is critical to their bottom line,” said Pritzker. “New high-standard trade agreements are one way the Obama Administration is working to help open more markets for U.S. companies. We remain focused on helping to increase the number of companies that take advantage of these exporting opportunities, creating jobs and strengthening both the local Sacramento and national economy.”
U.S. metropolitan area goods exports exceeded $1.44 trillion in 2014, up $36 billion from 2013, and accounting for 89 percent of total U.S. goods exports last year. For the first time ever, 161 metropolitan areas tallied merchandise exports worth more than $1 billion in 2014.
“These export numbers represent good news for area businesses looking to grow their international sales, with many firms pursuing new sales opportunities with U.S. free trade agreement partners,” said George Tastard, Director of the U.S. Commercial Service in Sacramento. “Our office continues to see strong interest from business clients looking to hone their export strategies.”
Sacramento Metropolitan Area Export Highlights for 2014:
- Increased goods exports for a fifth consecutive year.
- One of 139 metro areas to achieve record goods export levels.
- Sacramento sent 46 percent of its goods exports to markets where the United States has trade agreements.
- Key merchandise export categories included computer and electronic products; agricultural products; processed foods; machinery; and miscellaneous manufactures.
- Canada, Mexico, Hong Kong, Japan, and China were leading destinations for Sacramento’s goods exports.
Increasing U.S. exports is a top priority for the Obama administration. The Commerce Department and the Administration are working to keep businesses competitive, the economy growing and global economic leadership intact by pushing for 21st century trade agreements such as the Trans-Pacific Partnership. Current and potential free trade agreement (FTA) partners account for a large share of exports for many metropolitan areas.
For more information on exporting, contact the U.S. Commercial Service Export Assistance Center in Sacramento at (916) 566-7170 or visit http://www.export.gov/california.
For more information on the impact of Metropolitan Statistical Areas on U.S. exports, including fact sheets for the top 50 exporting MSAs in 2014, visit http://www.trade.gov/mas/ian/metroreport/index.asp.