Drewry Maritime Research said in its weekly container report that at just past the halfway point since his 2010 State of the Union speech promise, “Obama will have to settle for considerably less than he was hoping for.”

While US exports of goods and services skyrocketed by 17% in 2010, the growth rate slumped to 4.6% last year.

Drewry says that trade data in the first five months of this year shows the growth rate at just 1.9%