U.S. exports of manufactured goods face strong competition in many markets and particularly from China, which has become a leading exporter in chemicals, textiles, office and telecommunications equipment, and electronic products.

In terms of global market share of manufactured exports, the U.S. share declined from 18 percent in 2000 to 9 percent in 2012, while China’s rose from 6 percent to 18 percent; the EU share decreased from 24 percent to 21 percent. Thus, although U.S. exports in manufactured goods have grown steadily in recent years, we have lost market share to even more rapidly growing exports in China and other emerging markets.

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