Page 44 - FDI Alliance International Magazine, July 2019 Interactive Issue_Neat

THE U.S BIGGEST INDUSTRY

SECTORS

The United States is home to the most innovative jobs across the nation and supports more than the chemical industry accounts for a significant
and productive companies in the world, forming 700,000 jobs in related fields. Investment in portion of patents granted in the United States.
a diverse and competitive group of industry the U.S. aerospace industry is facilitated by a
sectors. The U.S. industries highlighted here large pool of well-trained machinists, aerospace Strong product identification and quality, access
are exceptionally dynamic and represent key engineers, and other highly-skilled workers with to low-cost natural gas, a highly educated
opportunities for global growth and success. experience in the aerospace industry. workforce, world-class research centers,
protection for intellectual property, and a robust
U.S. aerospace manufacturers are very The chemical industry is one of the United States’ regulatory system make the United States a
competitive internationally. In 2018, the industry largest manufacturing industries, serving both competitive home for chemical firms from across
contributed $151 billion in export sales to the a sizable domestic market and an expanding the globe.
U.S. economy. Its positive trade balance of nearly global market. It is also one of the top exporting
$88 billion that year was the largest trade surplus sectors of U.S. manufacturing. Accounting for 18 The logistics and transportation industry in the
of any manufacturing industry, supporting percent of global chemical shipments, the United United States is highly competitive. By investing
high-wage jobs for hundreds of thousands of States is a world leader in chemical production in this sector, multinational firms position
American workers. At the end of 2017, inward and exports. themselves to better facilitate the flow of goods
stock of foreign direct investment (FDI) into the throughout the world’s largest consumer market.
U.S. aerospace manufacturing industry totaled The industry’s more-than 13,000 firms produce International and domestic companies in this
more than $21 billion. 70,000+ products. In 2017, the U.S. chemical industry benefit from a highly skilled workforce
industry had final sales exceeding $765 billion and relatively low costs. Spending in the U.S.
The U.S. aerospace industry is the largest in and directly employed more than 529,000 logistics and transportation industry totaled $1.4
the world and offers a skilled and educated workers, with additional indirect employment trillion in 2016 (7.5 percent of U.S. GDP that
workforce, extensive distribution systems, diverse by industry suppliers of more than 1.8 million. year). Analysts expect industry investment to
offerings, and strong support at the local and Total FDI in the industry passed $700 billion in correlate with sector-specific growth in the U.S.
national level for policy and promotion. The 2017. With investments of $99 billion in research economy. America’s highly integrated supply
U.S. aerospace industry directly employs about and development in 2017, and a record of chain network links producers and consumers
509,000 workers in scientific and technical strong enforcement of intellectual property rights, through multiple transportation modes, including

44 FDI ALLIANCE | JULY ISSUE 2019