In his January 27, 2010 State of the Union address to Congress, President Obama set a bold goal for the United States. In five years, he wants the U.S. to double its exports, which would create over 2 million jobs in the process. With it being over a year since this goal was established, we can monitor the progress by using the export functionality of TradeView™. 

The graph below shows the total value of exports from the United States on a month-to-month basis. The goal of doubling exports appeared to be more than reachable in February 2010, with an increase of 17.6% during this timeframe. Exports to Europe and Asia alone accounted for a $7.35 billion increase in February. This great leap was followed immediately by a 7.3% drop in March 2010, but still kept the U.S. above pace.

Overall, exports have gone from $92.69 billion in January 2010 to $109.8 billion in February 2011, a jump of 18 percent. Although this is slightly below the target figure of $112.7 billion, the vast majority of 2010 exceeded expectations. As the months carry on, we can continue to observe the figures that will undoubtedly boost the American economy.