Surging USD to cut the exports' contribution in US GDP

The significant surge in the dollar has been a pull back on the US exports' competitiveness. The Net Exports are likely to reduce 0.6 ppt from GDP growth in 2015 and 2016.

Most of the analysis on the trade and competitiveness is done from birds-eye view of the national economy, but the experiences differ by individual states based on propensity to export, the composition of industry trade flows, exports sensitivity to USD value and the trading partners.

"About one-third of U.S. states are more vulnerable to an elevated greenback relative to the nation. Those in the TD footprint include Vermont, West Virginia, South Carolina and Florida, while the rest appear more  shielded", says Economics TD in a research note.