Daniel Griswold at the Cato Institute finds the U.S. is on track to double exports by 2014 and posted this chart:

This is good news, but it’s also the easy part. U.S. exports collapsed in the 2008-2009 financial crisis, so the performance of the past 18 months looks especially good against that low bar.

Keeping up this rate of growth in exports will be tougher in the months and years ahead, especially due to America’s four-year time out on trade agreements. The failure to enact the pending trade agreements with Korea, Colombia and Panama has put U.S. workers and companies at a competitive disadvantage and stifled export growth. By contrast, the European Union is benefiting from a free trade agreement (FTA) with South Korea, while Canada is taking advantage of an agreement that recently went into effect with Colombia.

American workers have already lost over $12 billion in wages and benefits because Washington hasn't passed the pending FTAs with South Korea, Colombia, and Panama.

To stay on the path to doubling exports by 2014, President Obama needs to submit the FTAs to Congress for their approval.