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America’s share of Asia-bound trade has been declining—in many cases quite significantly. According to our analysis, from 2000 to 2010, the U.S. share of total goods imports into the 12 leading Asia-Pacific markets fell by 43%—from 14.3 to 8.2%—even as the value of those same imports consistently increased. For more about our shrinking slice of this important trade opportunity, read our new report, “Boatloads of Growth: Recapturing America’s Share of Asia-Pacific Trade.”
Infographic: America’s Shrinking Slice
In the last decade, America’s slice of the Asia-Pacific export market was cut by 43%. In this infographic we illustrate how, in 2020 alone, leading Asia-Pacific economies will import almost $10 trillion in goods – expanding the economic pie and offering significant new opportunities for American exporters and workers.
But America faces serious challenges in Asia, most notably a growing number of regional trade deals that shut out U.S. exports. To get a big slice of this growing pie, America must be a “rules-maker” in the Asia-Pacific, forging comprehensive trade deals to break down barriers to our exports, beginning with the TransPacific Partnership. Doing this could lead to huge dividends: over a half trillion dollars in new U.S. exports each year, supporting over 3 million jobs. That’s a lot of pie!
For more about our shrinking slice of this important trade opportunity, read our new report, “Boatloads of Growth: Recapturing America’s Share of Asia-Pacific Trade.”
