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Export manufacturing has recently become the unsung hero of the U.S. economy. Despite all the public focus on the U.S. trade deficit, little attention has been paid to the fact that the country’s exports have been growing more than seven times faster than GDP since 2005. As a share of the U.S. economy, in fact, exports are at their highest point in 50 years. But this is likely to be just the beginning. We project that the U.S., as a result of its increasing competitiveness in manufacturing, will capture $70 billion to $115 billion in annual exports from other nations by the end of the decade. About two-thirds of these export gains could come from production shifts to the U.S. from leading European nations and Japan. By 2020, higher U.S. exports, combined with production work that will likely be “reshored” from China, could create 2.5 million to 5 million American factory and service jobs associated with increased manufacturing. low price auto glass low price herbal low price skates low price guns low price furniture low priced stocks low price jordans low price flights low price shoes low price fabric low price airfare low price airline tickets sam's club locations low prices www walmart com low prices ebay philippines low prices low price laptops low price cars low price tires low price auto sales low price apartments low price auto glass san jose low price airsoft guns low price airlines low price auto insurance low price auto glass stockton ca low price auto parts low price appliances low price basketball shoes low price bedroom sets low price books low price beats low price baby clothes low price bedding low price bb guns low price brazilian hair low price business cards low price backpacks low price boots low price beds low price bedroom furniture low price bunk beds low price bikes low price bridesmaid dresses low price clothing low price car rental low price car insurance low price cars for sale low price computers low price cell phone plans low price cell phones low price contact lenses low price converse low price cruises low price checks low price clothes low price cigarettes low price dresses low price door knobs low price dentist low price distributors low price domains low price dogs low price dental implants low price dressers low price desks low price dentures low price digital cameras low price dvds low price desktop computers low price dsl These shifting cost dynamics are likely to have a significant impact on world trade. China and the major developed economies account for around 75 percent of global exports. And the U.S. export surge will be felt across a wide range of U.S. industries. The most profound impact will likely be on industrial groups that account for the bulk of global trade, such as transportation equipment, chemicals, machinery, and computer and electronic products. Production gains will come in several forms. In some cases, companies will increasingly use the U.S. as a low-cost export base for the rest of the world. In other cases, U.S. production will displace imports as both U.S. and foreign companies relocate the manufacturing of goods sold in the U.S. that otherwise would have been made offshore. low price dirt bikes low price dvd movies low price electronics low price engagement rings low price elasticity low price eyeglasses low price etf low price electric guitars low price external hard drive low price electric cars low price earnings ratio low price ebooks low price engines low price eye exams low price ed hardy low price entertainment centers low price furniture stores low price finder low price flat screen tvs low price foamposites low price futons low price fabric coupon low price formal dresses low price flight tickets low price flowers low price for you low price flat screen tv low price fares low price gaming laptop low price guarantee low price gas low price guarantee flights low price gaming pc low price go karts low price glasses low price golf clubs low price gps low price glass low price guitars low price games low price gifts low price generators low price hotels low price health insurance low price homecoming dresses low price home decor low price homes for sale low price homes for rent low price headphones low price houses for rent low price hotels in myrtle beach low price hosting low price homes low price houses low price handguns low price hotel rooms low price halloween costumes low price handbags low price internet low price iphone low price internet service low price iphone 5 low price ipad low price iphone 4s low price insurance low price ipod low price incense low price ipad mini low price ipods low price ipod touch But this is likely to be just the beginning. We project that the U.S., as a result of its increasing competitiveness in manufacturing, will capture $70 billion to $115 billion in annual exports from other nations by the end of the decade. About two-thirds of these export gains could come from production shifts to the U.S. from leading European nations and Japan. By 2020, higher U.S. exports, combined with production work that will likely be “reshored” from China, could create 2.5 million to 5 million American factory and service jobs associated with increased manufacturing. low price ink cartridges low price ipod nano low price items low price jewelry low price jeans low price jansport backpacks low price jordan shoes low price jerseys low price jordans for kids low price juicers low price jet ski low price jordan websites low price junior clothing leverage the low low price job low price joe low price jackets low price jordan kicks low price kids clothes low price kayaks low price knives low price kids shoes low price kobe 8 low price kindle low price king size beds low price kitchen tables low price kicks low price kitchens low price kitchen cabinets low price k cups low price keyboards low price kitchen appliances low price living room furniture low price lebron 10 low price lebrons low price luxury cars low price lease cars low price luggage low price lebron x low price laminate flooring low price loft beds low price laptop computers low price lcd tv low price laptops notebooks low price limos low price lawn mowers low price louis vuitton low price leader low price mattress low price motorcycle low price macbook low price mobile homes low price makeup low price hotel low price microwave low price moving companies low price motorcycle tires low price men's shoes low price motorcycles low price mp3 players low price motels low price mens hair pieces low price mobile phones low price memory low price maternity clothes low price movies low price microwaves low price nike shoes low price nikes low price nfl jerseys low price nail polish Our analysis suggests that the U.S. is steadily becoming one of the lowest-cost countries for manufacturing in the developed world. We estimate that by 2015, average manufacturing costs in the five major advanced export economies that we studied—Germany, Japan, France, Italy, and the U.K.—will be 8 to 18 percent higher than in the U.S. Among the biggest drivers of this advantage will be the costs of labor (adjusted for productivity), natural gas, and electricity. As a result, we estimate that the U.S. could capture up to 5 percent of total exports from these developed countries by the end of the decade. The shift will be supported by a significant U.S. advantage in shipping costs in important trade routes compared with other major manufacturing economies.