In January, President Donald Trump traveled to Davos, Switzerland, to speak at the annual World Economic Forum (WEF). His message: "America is open for business."

WASHINGTON—U.S. exports in 2013 set a new record for a fourth straight year. U.S. exports reached $2.3 trillion last year, up nearly $700 billion since 2009. The U.S. trade deficit improved $63.1 billion from the past year to $471.5 billion, the lowest since 2009.

WASHINGTON—Rising productivity and falling natural gas prices could help the United States boost exports of products such as locomotives and factory machinery and add as many as 5 million manufacturing jobs by the decade’s end, a new analysis found.