Archive for the ‘Export Data’ Category

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New Top Markets Series Provides Data and Analysis to Help U.S. Exporters Compare Opportunities Across Borders

July 14, 2015

Marcus Jadotte is the International Trade Administration’s Assistant Secretary of Commerce for Industry & Analysis.

Top Markets Series: A Market Assessment Tool for U.S. ExportersLast year, the United States exported $2.34 trillion worth of goods and services—an all-time record. Exports from the United States in 2014 equaled the entire gross domestic product of Brazil and exceeded all commercial output in India, Italy, or Mexico. What is more, exports are an increasingly important aspect of the U.S. economy. As the significance of exporting grows, the Obama administration and the Department of Commerce is committed to providing the data and analytics U.S. companies need to compete effectively in foreign markets.

To meet this objective, the International Trade Administration (ITA) is leading the NEI Next Initiative, a customer service-driven strategy that is delivering improved information to American businesses to help them win when competing abroad. Of course, winning in foreign markets is often a case of investing resources as strategically as possible – i.e., picking which market to introduce a new product; or choosing whether to expand in one market or focus on opportunities elsewhere. That is why we are proud to release a new product line today: ITA’s Top Markets Series.

The Top Markets Series is a collection of 19 sector-specific reports that are designed to help U.S. exporters compare markets across borders, using market intelligence and data to inform decision-making. From aircraft parts to civil nuclear energy, green buildings and cloud computing, to media and entertainment, each Top Markets Report includes commentary on opportunities, trends, and challenges facing U.S. exporters in the largest potential markets. The reports combine the unique expertise of ITA’s sector leads in Industry & Analysis with economic data and the views of our staff stationed around the world.  Exporters can access full reports or view individual sections; collectively, the series includes more than 200 pieces of individually-viewable market intelligence.

In addition to U.S. businesses, Top Markets Reports are a tool that federal agencies are using to prioritize export promotion activities and trade policy initiatives. Our efforts will make all of us more efficient, as we target limited resources at those markets and sectors most likely to benefit from U.S. government support. For example, within ITA, we are working to coordinate our trade missions, trade fairs, and International Buyers Program recruitment with the strategic opportunities identified in the Top Markets series.

We anticipate updating ITA’s Top Markets rankings on an ongoing basis and will release new reports annually. Over the next several months, we look forward to hearing feedback from exporters and will incorporate suggestions into next year’s versions of the Top Markets Reports.

To download a full report or view individual case studies within each report, visit http://www.trade.gov/topmarkets.

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U.S. Metropolitan Areas Set Export Highs in 2014

July 9, 2015

Stefan M. Selig is the Under Secretary of Commerce for International Trade.

2014 Metropolitan Area ExportsToday, U.S. businesses are increasingly taking advantage of export opportunities. The data makes it clear. Companies based in the United States that sell their world-class goods to the 96 percent of potential customers who live outside our borders are critical to both the local and national economy. This is evident in today’s release of the 2014 Metropolitan Area Export Overview. The report highlights data on goods exported from U.S. metropolitan areas in 2014. Some of the nation’s most prominent cities are leading in trade and setting new export records.

Metro area exporters are breaking down trade barriers around the world and are expanding their businesses by reaching global markets. Doing so enhances the international competiveness of U.S. firms while also creating more well-paying jobs here at home. U.S. metropolitan area goods exports exceeded $1.44 trillion in 2014, up $36 billion from 2013, and accounted for 89 percent of total U.S. goods exports last year. There were 139 metro areas that registered record goods exports in 2014, and for the first time ever, 161 metropolitan areas each tallied goods exports worth more than $1 billion in 2014.

The energy and excitement metropolitan areas bring throughout the nation is driving creativity and partnerships. U.S. businesses are exporting the quality products of American innovation and hard work to customers across the globe. For example, during the past several years, we have seen a boom in the great city of Houston. For a third consecutive year, the city has ranked number one with total goods exports of $119 billion.

The metropolitan areas of New York City, Los Angeles, Seattle, and Detroit round out the top five metropolitan areas for goods exports. Twenty-nine of the top 50 metropolitan area exporters recorded positive growth in goods exports between 2013 and 2014. Twenty-six of these areas set record export levels last year.

Top 50-ranked metropolitan areas that exhibited particularly high growth in goods exports from 2013 to 2014, included El Paso, Texas (up nearly 40 percent); San Antonio, Texas (nearly 34 percent); Charleston, S.C. (up more than 69 percent); and Greenville-Anderson-Mauldin, S.C. (up nearly 25 percent) — each reaching a record for that metro area.

For more information on ITA’s Metropolitan Export Series including a complete methodology and FAQs, visit the Metropolitan Export Series homepage.

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Profile of U.S. Exporters Highlights Contributions of Small- and Medium-Sized Businesses

April 8, 2015

Lauren Scott is an international economist in the Office of Trade and Economic Analysis at the International Trade Administration.

Infographic thumbnailYesterday the Census Bureau released its annual Profile of U.S. Importing and Exporting Companies, which details the characteristics of U.S. merchandise trading companies in 2013. The report, a joint project between Census and the International Trade Administration (ITA), includes information on company size, industry sector, geographic location, and export markets. More than 304,000 U.S. companies exported goods in 2013, which is a 10 percent increase from 2009, when the National Export Initiative (NEI) was first announced by President Obama.

The Profile especially highlights the role of small businesses in export industries. Small- and medium-sized enterprises, or SMEs, which are firms with fewer than 500 employees, accounted for 98 percent of the number of U.S. exporters in 2013 and $471 billion in known value of goods exports*. The majority of SME exporters ship goods to at least one of our NAFTA partner countries, Canada or Mexico, with the U.K., China, and Germany, also serving as top markets for SME exports. In fact, the known value of SME exports to Mexico increased by nearly 19 percent between 2012 and 2013. Similarly, SME exports, by value, grew by 5 percent to Colombia during its second year as a U.S. free trade agreement partner. Nearly 21,000 SMEs exported goods to South Korea and more than 14,000 exported to Colombia in 2013, both of which became U.S. free trade partners in 2012.

The majority of U.S. exporters are non-manufacturing firms, and SMEs account for the majority of these non-manufacturing companies. Wholesale trade companies and other non-manufacturing firms made up 76 percent of SME exporters. These SMEs contributed 55 percent of the non-manufacturing sector’s $562 billion in exports. Manufacturing firms account for less than a quarter of U.S. exporters; however, this sector accounted for 60 percent of total known export value in 2013, much of which was generated by large firms.

SMEs can also be a critical driver for economic growth through exports at the state level. In fact, SMEs were responsible for more than half of known goods exports in Montana, Rhode Island, Florida, Wyoming, New York, Hawaii, and Maine. Texas added nearly 700 SME exporters in 2013, which represented the largest increase in total exporters by state across the U.S. that year.

Small- and medium-sized firms stand to gain by expanding their reach in the global marketplace. The majority of SMEs (59 percent) exported to a single foreign market in 2013, while the majority of large companies (55 percent) exported to five or more countries. SMEs often face additional trade barriers overseas compared to large companies that use offshore business affiliates to more easily facilitate exports to a target market. Despite these obstacles, almost 93,000 SMEs exported goods to the European Union in 2013, and exports from all companies to the Pacific Rim region increased by $8 billion between 2012 and 2013. Both markets represent opportunities for continued and increasing growth.

Current and future U.S. free trade agreements, including those under negotiation with the EU and through the TPP, will be beneficial for all U.S. companies, especially SMEs, to gain market access to half of the global economy and continue growing America’s export footprint overseas.

For more information, read the full Census report or review ITA’s summary of the report highlights. Also, be sure to check out our infographic .

* “Known value” refers to export transactions that can be linked to a specific company, so in many cases these figures may be underestimated.

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President Obama Renews Charge to Help Rural Companies and Communities Compete Globally

February 27, 2015

This post originally appeared on the Department of Commerce blog.

Spiral candles proudly made in North Dakota.Yesterday, President Obama announced new commitments in the “Made in Rural America” export and investment initiative, which is charged with bringing together federal trade-related resources for rural communities and businesses. This announcement reflects the Administration’s strategy for ensuring workers and businesses of all sizes, from communities large and small, benefit from the nation’s economic resurgence.

The Department of Commerce also released data yesterday that show 26 states set new export records in 2014, and many of those states are in the nation’s heartland.

The Administration’s next steps in the “Made in Rural America” initiative build on input received from rural businesses and communities throughout the past year.  Following the President’s announcement of the initiative in February 2014, agencies led several regional forums across the country, a Rural Opportunity Investment conference last summer, and new partnerships to help more rural businesses – making everything from amphibious vehicles to aquaculture products – plug in to export assistance.

Last year, we confirmed that rural businesses have the products and services in demand worldwide, and the drive to export – just like urban businesses. The challenge is improving their access to information and export services, including financing and logistics. U.S. Commercial Service – North Dakota Director Heather Ranck and rural companies spoke about that in this “Export Experts” video released last October.

Highlights from yesterday’s announcement include the following:

  • The International Trade Administration has established a new National Rural Export Innovation Team to help more rural businesses access export-related assistance, information and events. The team already has 74 members nationwide.
  • Through the support of the Appalachian Regional Commission, Delta Regional Authority and others, we will double the number of rural businesses served by these partners that international trade shows and missions.
  • The Economic Development Administration (EDA) will launch a new i6 Rural Challenge, based on the previously successful i6 challenges, which will focus on providing funding to rural communities to build capacity for commercializing technology.
  • EDA will establish a mentor-protégé program for rural communities that will help all communities involved learn how to leverage their own assets, build their resources, and foster a culture that drives innovation and entrepreneurial thinking.
  • Agencies will work with state and local partners to raise awareness of federal resources with rural businesses and community lending institutions.  This includes commitments from the Ex-Im Bank, SBA and the Delta Regional authority as well as the U.S. Postal Service’s commitment to host internationally-focused “Grow Your Business” day-long events across the country.
  • The Department of Agriculture and its partners will lead reverse trade missions and ITA will conduct outreach events for rural businesses to meet foreign buyers and commercial experts.

Many at the county, state, and national level responded to the President’s “Made in Rural America” charge, as we saw first-hand in Canonsburg, PA; Memphis, TN; Cortland, NY; Tuscaloosa, AL; Cedar Rapids; Gila County, AZ and Clackamas County, OR. In addition, the Administration has made efforts like Made in Rural America a key priority in our national export strategy, NEI/NEXT.

For more information, visit businessusa.gov/rural-exporting.

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Commerce Secretary Penny Pritzker Announces Twenty-Six States Achieved Record Export Levels in 2014

February 27, 2015

A  cargo container ship representing exports.

This post originally appeared on the Department of Commerce blog.

U.S. Secretary of Commerce Penny Pritzker today announced new data that shows 26 states achieved records in goods exports in 2014, while eight additional states experienced growth in merchandise exports over 2013 levels. Total merchandise exports from all 50 states helped the U.S. achieve the fifth consecutive record-setting year of goods and services exports, which reached $2.35 trillion in 2014.

Secretary Pritzker praised today’s announcement stressing the fact exports are critical to economic growth and job creation in communities across the country. “With 95 percent of the world’s consumers living outside the United States, opening more markets to ‘Made in America’ goods and services is fundamental to our nation’s competitiveness, job creation, and the economic security of our families,” she said.

Strengthening partnerships with states and rural communities in support of exporters and investment attraction efforts is a key objective for the second phase of President Obama’s National Export Initiative – NEI/NEXT, which Secretary Pritzker launched in May 2014. Through NEI/NEXT, 20 federal agencies are advancing program and policy improvements to provide exporters more tailored assistance and information; streamline export reporting requirements; expand access to export financing; ensure market access and a level playing field; and collaborate with state and local organizations.

The 26 states that set new records for exports in 2014 include:

  • Texas ($289.0 billion);
  • California ($174.1 billion);
  • Washington ($90.6 billion);
  • Illinois ($68.2 billion);
  • Louisiana ($65.1 billion);
  • Ohio ($52.1 billion);
  • Georgia ($39.4 billion);
  • Indiana ($35.5 billion);
  • Tennessee ($33.0 billion);
  • North Carolina ($31.3 billion);
  • South Carolina ($29.7 billion);
  • Kentucky ($27.5 billion);
  • Wisconsin ($23.4 billion);
  • Minnesota ($21.4 billion);
  • Arizona ($21.1 billion);
  • Oregon ($20.9 billion);
  • Virginia ($19.2 billion);
  • Iowa ($15.1 billion);
  • Maryland ($12.2 billion);
  • Nebraska ($7.9 billion);
  • North Dakota ($5.3 billion);
  • New Hampshire ($4.4 billion);
  • New Mexico ($3.8 billion);
  • Rhode Island ($2.4 billion);
  • Wyoming ($1.8 billion); and
  • Hawaii ($1.5 billion).

In addition, the following states achieved growth in total merchandise exports in 2014: Alabama; Alaska; Maine; Massachusetts; Missouri; Montana; New Jersey; and South Dakota.

More information and additional facts about state exports in 2014 can be found by accessing the full press release.

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Recognizing U.S. Exports; Celebrating U.S. Exporters

February 11, 2015

This post contains external links. Please review our external linking policy.

Antwaun Griffin is the International Trade Administration’s Deputy Assistant Secretary for U.S. Operations.

ITA’s Eric Johnson (left) and Antwaun Griffin (center) presented Jeff Carson from House of Cheatham with an Export Achievement Certificate in 2014 to honor the company’s growth in international business.

ITA’s Eric Johnson (left) and Antwaun Griffin (center) presented Jeff Carson from House of Cheatham with an Export Achievement Certificate in 2014 to honor the company’s growth in international business.

When it comes to U.S. exports, there has been a lot of good news this month. For the fifth consecutive year, the United States has set a record for exports, and that trend continues to support our economic recovery.

The trend is part of a concerted effort under the National Export Initiative (NEI) and the NEI Next strategy to support more American companies looking to compete overseas.

I love what the data means for our economy! But what I love more are the business leaders behind those numbers. It is a pleasure to meet these folks and see how exporting is changing their businesses, and helping them grow and add more jobs.

Earlier this year, I had the opportunity to meet John Gray and Nick Carlino from MDI, a wholesale grocery store distributor based in North Carolina. MDI started working with our Export Assistance Center in Charlotte in 2006, and has now achieved five straight years of double-digit export growth. The last two years have seen more than 25 percent growth, a huge feat for a small business. I hope MDI can continue to see that kind of success.

There’s also Atlanta’s House of Cheatham, a hair care and beauty products company, which has been a trailblazer in many smaller global markets, and several markets in Africa. In 2004, international revenues comprised 10 percent of the company’s total revenue. In 2014, that number hit 40 percent. In 2015, I hope the company hits even higher plateaus in global business.

I want to thank and congratulate all the companies that are succeeding in the global marketplace, from California-based CTC Global to Florida-based Hann Powerboats and every company in between.

If you’re ready to join these companies in the global marketplace in 2015, please consider:

  • Attending an upcoming Discover Global Markets business forum to learn how to take advantage of export opportunities across sectors and in a number of promising global markets.
  • Joining us for the Trade Winds—Africa trade mission in September. This is the largest-ever U.S.-government led trade mission to the continent, and Africa is home to seven of 10 the world’s fastest-growing economies. That spells opportunity for your business.
  • Contacting your nearest Export Assistance Center. Our team has a number of helpful events across the country throughout the year, from export workshops to trade shows, and our market research can help you find and succeed in the right markets for your company.

To all the trade specialists and commercial officers in ITA’s Commercial Service, all our state partners, the chambers of commerce, economic development organizations, trade associations and other groups working to support U.S. exports, I say thank you and congratulations on another great year.

I look forward to meeting more of our country’s great exporters in 2015, and to celebrating another great year of Made in America goods and services making their way around the globe.

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A Record Year for American Exports, Further Proof of American Greatness

February 5, 2015

Stefan M. Selig is the Under Secretary of Commerce for International Trade.

Under Secretary Stefan M. Selig (second from left) discusses the importance of exports as part of a panel discussion hosted by the Atlantic Council in Washington, DC on February 5, 2015.

Under Secretary Stefan M. Selig (second from left) discusses the importance of exports as part of a panel discussion hosted by the Atlantic Council in Washington, DC on February 5, 2015.

“The shadow of crisis has passed,” the President declared in his State of the Union two weeks ago, and the export data we released today goes to the heart of that very point.

The Commerce Department announced today that the U.S. economy hit a new annual record for exports, with $2.35 trillion in goods and services shipped in 2014.

That also represents the fifth consecutive year that our economy yielded record exports, going back to 2010 when the President launched the National Export Initiative.

If you take a deeper dive into the numbers, you see that exports are an important chapter in the larger story of our economic recovery.

Last year, we achieved record annual goods exports with Canada ($312 billion), Mexico ($240 billion) and China ($124 billion). In fact, the U.S. economy had record goods exports with 52 countries in 2014.

It was also a banner year when it came to goods exports with our free trade agreement (FTA) markets. You would expect that our exports to these countries would be strong. But last year saw enormous year-over-year growth in a variety of FTA markets throughout the world: up 7% with South Korea, 9% with Guatemala, 10% with Colombia, 11% with the Dominican Republic, and 28% with Oman.

Our services industry also enjoyed a banner year in 2014, hitting an all-time high of $710 billion.

Travel and tourism remained our strongest service export (it is easy to forget that every dollar a foreign visitor spends on airfare, lodging, and entertainment counts as an export dollar) coming in at $182 billion.

It was also a record year for goods exports, exceeding $1.6 trillion. When you take a look at individual sectors, it is easy to see a compelling story.

Exports of passenger cars represented our third-largest source of year-over-year growth—$61 billion in exports—an increase of more than $4 billion. Our three leading export markets for U.S. passenger cars were Canada, China, and Germany.

The second largest source of growth in 2014 was industrial machines. Strong increases to Canada, South Korea, Mexico and China led the U.S. to a $5 billion increase in this category.

Then, there is crude oil exports, which rose by a staggering 136%—$7 billion—between 2013 and 2014. That represented the largest export increase of any single category.

When you look at these three points, it is clear that they speak to more than exports. They all speak to our impressive recovery and to the sources of our enormous economic strength: a resurgent auto industry, a robust manufacturing sector, and a booming domestic energy market.

The data we see today prove what I often say: that trade is not a threat to American greatness. It is an expression of it.

We export the best goods and services in the world, produced by the best workforce in the world. These exports support more than 11 million American jobs in 2013. 1.6 million of those jobs emerged since the President took office in 2009.

And I am proud to say that ITA is the leading agency in the world when it comes to helping businesses compete in the global marketplace.

The shadow of crisis has indeed passed. The numbers reflect the strength of our exports, our economy and the prospect for a bright future for American workers and American businesses.

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