American exprtsUnlocking America's Global Marketplace: Exploring Export Achievements, Strengths, Opportunities, the Future of US Trade Dive into the world of American exports, where innovation meets global demand. This blog serves as your comprehensive guide to understanding the significant achievements of US exports across various sectors. We delve deep into the strengths of American exports, analyzing the key factors that contribute to international success. forcutting-edge technology
Friday, January 15, 2016
America is now the largest natural gas producer
As confirmed by IEA ( the International Energy Agency), the top 10 natural gas producers in 2013 were 1) United States (23% of total) (bcm):2) Russia 677 (20.0%), 2) , 3) Canada160 (4.7%), 4) Qatar 151 (4.5%), 5) Iran 149 (4.4%), 6) Norway 106 (3.1%), 7) China 103 (3.0%), 8) Saudi Arabia 92 (2.7%), 9) Indonesia 92 (2.7%), 10) Netherlands 81 (2.4%) andWorld 3 388 (100%).
Friday, December 4, 2015
American Exports of machines, consumer goods and food soar
The U.S.Commerce Department reports show that U.S. exports of most major product categories were up from the previous months, including consumer goods (notably diamonds and jewelry), capital equipment and machines, and staple food products as corn and soybeans.
Wednesday, November 4, 2015
Boost in US exports neccessary to support economic growth
President Obama made it clear in his State of the Union address that American exports will play a part in America’s economic success. This requires creating free access for American goods to more markets, enforcing trade laws, and ensuring a level playing field in which American companies can compete.
These initiatives have and will continue to support business and create jobs. Over the last 35 months, they’ve already contributed to the creation of 6.1 million private-sector jobs. We at the International Trade Administration are proud to be a part of that success and we know that continuing these initiatives will lead to further economic growth.
The President specifically mentioned completing the Trans-Pacific Partnership and entering into a trade agreement with the European Union. Trade agreements like these proved effective in 2012, when we set a new record for U.S. exports. Recently released data show that almost half of the growth in U.S. exports in 2012 was to countries with which we have similar agreements. In fact, U.S. exports to the 20 countries with which we have trade agreements comprised almost half of American goods exports in 2012.
We achieved record levels of exports to 11 of our trade agreement partners in 2012. Five of them – Australia, Canada, Chile, Mexico and Peru – will all be a part of the TPP and accounted for more than $550 billion in U.S. exports. Completing this partnership will further develop our trade with these countries and help our exports continue to grow.
As Deputy Secretary of Commerce Rebecca Blank explained today, a trade agreement with the EU “will support good-paying American jobs and will expand our trade and investment relations, strengthen our economy, and create new opportunities on both sides of the Atlantic.”
President Obama also mentioned the importance of enforcing trade regulations and ensuring a level playing field in which American exporters can compete. We accomplish this mission every day at ITA, and we are proud to help American exporters compete as a lead member of the President’s Interagency Trade Enforcement Center.
The President has set a clear path to use export growth to help grow the American economy. We at the International Trade Administration are ready to do what it takes to continue to support President Obama’s mission and help support a thriving American economy.
Monday, October 5, 2015
USA shipped over $4.25 Trillion worth of goods in 2024
United.States .is the 2nd largest exporter in the world now.American exports have increased exponentially over a decade and have more than doubled since 2015.AOver the next decade, export growth rate will increase.even further
Friday, October 2, 2015
Military exports on the rise
america has been increasingly exporting military goodsOne interesting aspect of U.S. trade is the export of military goods. Exports have increased over the last decade from $8.3 billion in 2002 to a peak value of $18.8 billion in 2012. Note that this does not include shipments to the U.S. military overseas. Most U.S. exports of military goods went to Asia, primarily Japan and South Korea.
During 2012, about65 per cent of American exports of military goods constituted of military aircraft—fighter jets, helicopters, engines, launching gear, and surprisingly aircraft parts. In fact, at 35% of all U.S. military exports in 2012, the export value for military aircraft parts exceeded the export value for complete aircraft.
During 2012, about65 per cent of American exports of military goods constituted of military aircraft—fighter jets, helicopters, engines, launching gear, and surprisingly aircraft parts. In fact, at 35% of all U.S. military exports in 2012, the export value for military aircraft parts exceeded the export value for complete aircraft.
Friday, March 27, 2015
Exports of goods and services go up and imports go down in 2014
The Nation’s international trade deficit in goods and services decreased
to $39.0 billion in November from $42.2 billion in October (revised),
as imports decreased more than exports
Friday, January 30, 2015
The macro picture for US Exports in 2013/ 2014
According to the US department of commerce, the United States' top US exports in 2013 & 2014 so far were general-purpose machinery, electrical machinery , aircraft , medical instruments and agricultural products and the top 3 countries to which USA exported to were Canada, Mexico and China.
Monday, November 18, 2013
America establishes oil exports in excess of oil imports
America now exports more oil than it imports for the first time since early 1991, as it generates more oil within the countrythrough fracturing
Reliable sources have confirmed that during October, 2013 the U.S. exportedf 7.7 million barrels of oil per day while importing 7.6 million barrels per day (bpd)
Imports were at their lowest since March 1991
Fracturing is basically shale goil extraction by pumping water and special chemicals into deposits deep beneath the earth to break apart hard deposits of the gas-rich shale, followed by drawing the fuel back up to the surface.
Friday, September 6, 2013
US Exports hit record high in july,2013
The Commerce Department has released recent data confirming that spearheaded by the strong overseas sales of manufactured goods, US exports rose 3.8% to $178bn (£111bn
At the same time, imports fell 0.2% to $222.8bn, helped by a fall in the price of oil reducing the cost of the US's crude imports.
Thursday, July 18, 2013
American Auto exports on the rise
NewYork, NY— After getting over the downtrend 5 years back,he U.S. auto industry is now powering up for record Auto export sales , partially due to favorable exchange rates and controlled labor costs its showing a positive pattern to continue for years to come.
Honda leads the turnaround saying that it expects by end 2014 to export more vehicles from North America—with nearly all of them coming from its U.S. factories—than it brings from Japan
Last year, more than one million cars and light trucks were exported from U.S. auto plants, the highest recorded and a more than threefold rise from 2003, according to the agency International Trade Administration.
Very competitive labor costs and restructurings that closed unproductive factories have made American auto plants major competitors in international exports . Many are looking at U.S. production as a way to serve booming emerging markets.
Friday, July 12, 2013
Wine Exports keep growing
Napa Valley, California.....New figures show U.S. wine exports grew for the third consecutive year in 2012, setting a record of $1.45 billion in revenue terms.
Ninety percent of those exports were from California. Volume shipments reached 424.6 million liters or 112.2 million cases.
The European Union remained the top market for California wines, accounting for about 34 percent of all sales. The state’s wineries also saw significant growth in Canada and Asia.
Sales in China reached $74 million in 2012, up 18 percent from the previous year. South Korea, at $16 million, was up 26 percent. And Vietnam, at $27 million, was up 22 percent.
Exports to Mexico also grew for a second consecutive year, to $20 million, an amount that was double the 2009 figure.
In Canada, the second largest market for California wines, sales reached $434 million, up 14 percent.
Saturday, June 8, 2013
USA increases natural gas exports
A positive growth in US exports willmake oil and gas companies happy. Some environmentalists will be unhappy though. and maybe some American manufacturers nervous . But it keeps the economy buzzing and overall a trend in the right direction.
Friday, April 19, 2013
Directory of International Business & Trade
Monday, February 18, 2013
US Exports growth: Should America access world markets ?
Yes ofcourse is the oversimplified answer. With Strategic Export Planning and professional International Marketing & Sales effort , many businesses have extensive opportunities to increase revenues and profitability through exports.
Reasons why:
A. Two-thirds of the world's purchasing power is outside the USA. More and more American businesses realize that exports will help to increase their revenues and profitability.
A. Two-thirds of the world's purchasing power is outside the USA. More and more American businesses realize that exports will help to increase their revenues and profitability.
B. Many Americans goods and services cater to precise, specialised applications, which other overseas mass-manufacturers cannot cater to.. So by highlighting their strengths/unique selling propositions, American businesses can always stay ahead.. However making some product modifications to meet specific needs may be necessary.
C. USA has been the leading country for manufacturing specialized chemicals, pharmaceuticals, state-of-the-art electronic components and equipment and there will be continuing demand for all of these worldwide.
C. USA has been the leading country for manufacturing specialized chemicals, pharmaceuticals, state-of-the-art electronic components and equipment and there will be continuing demand for all of these worldwide.
D. USA will continue to lead in intellectual property applications. These when rightfully transformed into exports through selling copyrights and worldwide franchising. The Fed and Corporations have topolice/prevent piracy and copyright infringements.
E.America has been the leading manufacturer for aircraft& pacecraft technology for long and the present levels of $88billion exports should further continue to grow by 5 to 10%
F. Liquified Natural Gas:- Of late there is huge potential for exporting liquified natural gas from USA, which has been long dependent on importing fossil-fuels from overseas- and this itself is a remarkable turn-around for USA GetconnectedonLinkedin
E.America has been the leading manufacturer for aircraft& pacecraft technology for long and the present levels of $88billion exports should further continue to grow by 5 to 10%
F. Liquified Natural Gas:- Of late there is huge potential for exporting liquified natural gas from USA, which has been long dependent on importing fossil-fuels from overseas- and this itself is a remarkable turn-around for USA GetconnectedonLinkedin
Sunday, February 17, 2013
Exports increase to $2,196 billion in 2012- well over 2011's mark
The Nation’s international trade deficit in goods and services decreased to $ 2,196 billion in 2012 well above $559.9 billion in 2011. Exports increased $92.6 billion to $2,195.9 billion in 2012, with increases of $33.7 billion occurred in capital goods and $12.9 billion inautomotive vehicles, parts, and engines. Imports increased $73.0 billion to $2,736.3 billion in 2012, contributed by the increase of $43.1 billion in automotive vehicles, parts, and engines and $37.5 billion in capital goods.
Saturday, February 16, 2013
US high-tech exports to increase by 2015
Most U.S. high-tech companies expect to export more cell phones, tablets and other electronics over the next two years to growing middle-class populations in developing nations, citing free trade pacts and rising labor costs abroad, a survey found.
About 85 percent of U.S. high-tech executives polled said the Obama administration was somewhat or very likely to meet its goal of doubling exports by 2015. Just 40 percent of executives were as optimistic two years ago after the export target was set.
The third annual survey was conducted by IDC Manufacturing Insights for United Parcel Service, the world's largest package delivery company.
"It's really being driven by this emerging middle class that have more disposable income and a heavy appetite for technology products like cell phones, tablets and laptops.
Scott Davis, UPS chief executive officer, is on the President's Export Council and has touted free trade agreements as critical for boosting U.S. exports and the economy.
"A free trade agreement between the United States and Panama will soon go into effect", the U.S. Trade Representative Ron Kirk said recently. The U.S.-Colombian agreement went into force in July, after the U.S.-South Korea pact in March2012.
Only 23 percent of the companies said they had export growth over the past two years, but 74 percent now expect to export more over the next two years.
"Despite all of the short-term talk of economic weakness and the dreaded fiscal cliff, the high-tech executives that we talked to really had a bullish outlook in the next two to five years when it comes to export growth for their products.
The fiscal cliff refers to the year-end deadline for about $500 billion in expiring U.S. tax cuts and automatic spending cuts set for next year unless Congress can compromise over lowering the budget deficit.
The survey of 125 high-tech manufacturers included senior supply chain and logistics executives in consumer electronics, semiconductor, communications equipment and electronic component/accessories industries.
High-tech product sales and shipments are expected to grow the most, by 22 percent, in India, the Middle East and Africa, over the next three to five years, the survey said.
Increases are expected to range from 18 percent in Brazil and 19 percent in the rest of South America to 15 percent in Eastern Europe, 13 percent in Korea and 8 percent in China and in other Asian nations.
Lingering barriers to boosting exports include the difficulty of managing spread-out global inventory, unstable global suppliers and security concerns, the survey found.
"Additional progress in free trade agreements would be a big winner, not only for the high-tech space but for all U.S. industry," Rankin said.
The high-tech companies that were surveyed sell and ship 97 percent of their products in North America. Within three to five years, that percentage will decline to 90 percent as demand mounts in emerging markets for their products.
"Winners will be those companies that successfully leverage the emerging market growth with strong products and executive import/export excellence," said Rankin.
As for moving the goods, 70 percent of the executives said they are planning to modify their distribution networks to handle more volume at East Coast ports once a wider Panama Canal is opened to bigger ships around 2015.
More than one-third of those polled said they planned to shift from air to ocean freight when that happens.
In anticipation, East Coast ports are heavily investing in dredging and other projects to be able to accept bigger ships.
Companies such as Federal Express and UPS have already seen a shift in demand for shipping products more cheaply, such as by sea, rather than premium-priced express air services, because of the weakening global economy.
Monday, February 11, 2013
Financing exports
Export Financing
In today's global economy, selling your goods around the world can bring large rewards. With three specialized loan guaranty programs, the SBA can help provide export financing, credit to close a sale, and funds for working capital.
Small Business Administrarion's Export Express helps small businesses develop or expand their export markets. The program provides exporters and lenders a streamlined method to obtain SBA-backed financing for loans and lines of credit up to $500,000. Most banks in the U.S. do not lend against export orders, export receivables or letters of credit. SBA temporarily provides lenders with up to a 90 percent guaranty on export loans as a credit enhancement to encourage participating banks to make loans that make the necessary export financing available. Lenders use their own credit decision process and loan documentation. SBA provides an expedited eligibility review and provides a response in less than 24 hours, so exporters get access to funds faster.
Export Working Capital Program (EWCP) (7(a) Loan Programs)
SBA’s Export Working Capital Program (EWCP) loans are targeted to small businesses that are able to generate export sales and need additional working capital to support these sales. Since most banks in the U.S. do not lend against export orders, export receivables or letters of credit, SBA provides lenders guaranties of up to 90 percent on export loans to ensure that qualified exporters do not lose viable export sales due to a lack of working capital.
International Trade Loan Program (7(a) Loan Programs)
The International Trade Loan Program offers term loans to businesses that plan to start or continue exporting or that have been adversely affected by competition from imports. The proceeds of the loan must enable the borrower to be in a better position to compete. The program offers borrowers a maximum SBA-guaranteed portion of $1.75 million.
The American Recovery and Reinvestment Act of 2009
On March 16, 2009, the SBA implemented provisions of the American Recovery Act of 2009. As a result, these loan products will now have a waiver of the up-front SBA guaranty fee on loans with maturities in excess of 12 months.
Sunday, January 20, 2013
Directory of Services for Exporters
- Alabama (17)
- Alaska (3)
- Arizona (4)
- Arkansas (12)
- California (47)
- Colorado (14)
- Connecticut (20)
- Delaware (5)
- Florida (33)
- Georgia (33)
- Hawaii (5)
- Idaho (5)
- Illinois (57)
- Indiana (19)
- Iowa (39)
- Kansas (17)
- Kentucky (14)
- Louisiana (17)
- Maine (14)
- Maryland (16)
- Massachusetts (41)
- Michigan (23)
- Minnesota (109)
- Mississippi (16)
- Missouri (30)
- Montana (15)
- Nebraska (24)
- Nevada (3)
- New Hampshire (14)
- New Jersey (21)
- New Mexico (7)
- New York (40)
- North Carolina (13)
- North Dakota (9)
- Ohio (29)
- Oklahoma (13)
- Oregon (5)
- Pennsylvania (39)
- Rhode Island (4)
- South Carolina (15)
- South Dakota (13)
- Tennessee (49)
- Texas (66)
- Utah (8)
- Vermont (7)
- Virginia (15)
- Washington (19)
- Washington, DC (1)
- West Virginia (7)
- Wisconsin (62)
- Wyoming (4)
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