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Why Exporting is Good for Our Economy

Helping-the-DeficitYou probably know that at Charter Recycling we collect your used clothing, but did you also know we are an important part of the U.S. economy?

The clothing we collect is exported to developing countries overseas, including Mexico, Africa, Central and South America. This creates and supports higher paying jobs in third world economies that receive and process our exports. But it’s OUR economy that truly benefits.

Trade is Good for Business…Everywhere.

According to the International Trade Administration, U.S. exports totaled $2.2 trillion in 2012. Almost 14% of our GDP (Gross Domestic Product) comes from exporting goods and services. We of course, buy much more than we sell, creating a deficit. Exporting works because it reduces our national debt by creating income from abroad.

Although the U.S. is the world’s largest trading country, supporting an estimated 9.8 million jobs in 2012, less than one percent of America’s 30 million companies export their products – this is significantly lower than all other developed countries.

“Even though exporting is such a critical part of both the U.S. and regional economic future, we as a nation and we as a business community, are under-exporting,” says Amy Liu of the Brookings Institute.

exporting used clothing95 % of the world’s purchasing power is outside the U.S.  Yet most businesses are nervous about entering unknown foreign markets. According to Ms. Liu, for the companies that take the risk, there are big payoffs – for the company AND the country.

Companies with diverse international customer bases continue to grow during recession times. The Institute for International Economics did a study that showed U.S. companies that export grow faster, and are 8.5 percent less likely to close their doors from lack of business than non-exporting companies.

Trade keeps our economy open, dynamic, and competitive.

So when you put your used clothing into a Charter bin, you are helping to create jobs here and in underdeveloped countries, as well as being an important part of our economic recovery.

Who could know your old jeans could mean so much to so many? Well, we do.

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