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Trade deficit dips to $68.9B with exports up
The U.S. trade deficit narrowed in April to $68.9 billion as an improving global economy boosted sales of American exports.
Trade officials to Md. businesses: think about increasing exports
Nearly 95 percent of the world’s consumers live outside the United States, but less than 1 percent of American firms do any exporting, a gap that officials at the American Express Grow Global conference on Tuesday encouraged Maryland businesses to help fill. Baltimore in its own right has several advantages as a midsized export hub […]
Md. Commerce Department launches program to boost exports
The Maryland Department of Commerce, seeking to help Maryland companies to export more, has launched an initiative to make that happen. The Maryland Partners in International Trade program (MAPIT) will include representatives from local, state and federal government and academia to raise awareness about the state’s export programs, the Department of Commerce announced this week. […]
Report: Baltimore region missing the boat on export market
When it comes to major cities with an international business presence, New York, London and Paris always come to mind. But a new report shows that there are many smaller cities around the world and in the United States that can carry that label. Baltimore is among those candidates. “Any city can become a global […]
Baltimore sets export record
The U.S. Department of Commerce’s International Trade Administration Tuesday announced new export data that shows merchandise exports from the Baltimore-Columbia-Towson metropolitan area totaled a record $5.9 billion, an increase of 2 percent, or $97 million, from 2012 to 2013. This growth helped Baltimore to remain a top metropolitan area for exports in 2013, ranking No. […]
Obama opens East Coast to oil search
The Eastern Seaboard is being opened to offshore oil and gas exploration for the first time in decades with the Obama administration's approval Friday of sonic cannons that can pinpoint energy deposits deep beneath the ocean floor.
Calling oil something else, companies find ways to increase exports
Companies are taking advantage of new ways to export oil from the U.S. despite government restrictions, and in the process helping the U.S. become an ever bigger exporter of petroleum on the world stage.
U.S. exports rise, but trade deficit edges up
The U.S. trade deficit widened slightly in January as a rise in imports of oil and other foreign goods offset a solid increase in exports.
Md. merchandise exports set new record
Maryland merchandise exports in the first half of 2013 set a new record, growing 5 percent to $6 billion, from $5.8 billion in the same period of 2012, the International Trade Administration reported on Thursday.
Baltimore-area exports set new record
Merchandise exports from the Baltimore-Towson metropolitan area totaled a record $5.8 billion, an increase of 6 percent or $321 million from 2011 to 2012, according to export data from the U.S. Department of Commerce’s International Trade Administration.
U.S. is halfway to Obama 5-year export-doubling goal
WASHINGTON, D.C. — Suddenly outsourcing is on the way out and insourcing on the way in as the U.S. trudges unevenly toward President Barack Obama’s goal of doubling American exports around the world by the start of 2015. So far, export levels are about halfway to his mark. Obama set the five-year target in his […]
Trade gap widens to $44.4B as oil imports rise
WASHINGTON — The U.S. trade deficit widened in January, reflecting a big jump in oil imports and a drop in exports. The Commerce Department said Thursday that the deficit rose to $44.4 billion, an increase of 16.5 percent from December. U.S. exports dropped 1.2 percent to $184.5 billion, reflecting declines in sales to Europe, China, […]
