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Learn about the importance of exports in Arizona, top export markets and sectors, and how the U.S. Commercial Service can assist exporters in expanding into new markets and overcoming obstacles.
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PROMOTING US EXPORTS WORLDWIDE Kristian Richardson, Director U.S. Commercial Service - Arizona December 2015
Arizona & the Global Economy(Source: U.S. Commerce Dept. – International Trade Administration & Maricopa Association of Governments) • 2014 merchandise exports = $21.1 billion (up 8.2%) • Over 6,200 Arizona companies exported in 2014 • Export-supported jobs linked to manufacturing = 4.3% of Arizona’s total private sector employment • 25% of Arizona’s manufacturing workers depend on exports for their jobs • More than 24 million visitors come to Arizona every year • They spend approximately $2.7 million a day in Pima County! • 83,000+ Arizonans were employed by foreign-owned companies in 2014
Arizona & the Global Economy(Source: U.S. Commerce Dept. – International Trade Administration) • Top 5 Export Markets 2014 • Mexico ($8.6 billion – + 22.2%) • Canada ($2.2 billion – -2.6%) • United Kingdom ($1.02 billion – +26%) • China ($1.01 billion – -5.7%) • Germany ($753 million – +3.6%) • Top 5 Export Sectors 2014 – Total $21.1B • Computer & electronics ($5.0 billion ) • Transportation equip ($3.7 billion ) • Minerals & ores ($2.5 billion – +42%) • Electrical Equipment & Components ($1.5 billion) • Fabricated machinery (non-electrical) ($1.5 billion )
Arizona & the Global Economy Metropolitan Service Area Stats (MSAs) (Source: U.S. Commerce Dept. – International Trade Administration – March 2015)
U.S. Commercial Service The U.S. Commercial Service is part of the U.S. Department of Commerce, an agency of the United States government. Our three priorities: • To increase the number of U.S. companies that export • To help smaller companies expand into new markets • To help exporters overcome hurdles in foreign markets
Help for Exporters: U.S. Commercial Service • Trade specialists in over 100 U.S. cities and 83 countries worldwide • Locate international buyers, distributors & agents • Provide expert help at every stage of the export process • Help U.S. companies enter new markets faster and more profitably
CS Service Guidelines Applies to fee-based services • “Commercial Service fee-based services may be provided to an entity that is: • 1) a U.S. exporter, and, • 2) that self-certifies that its products or services contain a majority U.S. content.”
Help for Exporters • COUNSELING & STRATEGY • EDUCATION • EXPORT UNIVERSITY 2016 • WEBINARS • TOPICAL / GEOGRAPHIC SEMINARS • FEE-BASED SERVICES • GOLD KEY SERVICE($700 SME / $2300) • INTERNATIONAL PARTNER SEARCH($550 SME / $1400) • INTERNATIONAL COMPANY PROFILE ($600 SME / $900) • BORDER GATEWAY SERVICE in Sonora (Cost varies) • TRADE SHOWS – Hannover Fair, April 2016 & Farnborough Airshow, June 2016 • TRADE MISSIONS – ICT Singapore & Thailand, May/June 2016 • PARTNERS – ADEC, ACA, GPEC, MAG, CITIES, ASU, ECONA, SBA, etc..
Kristian.Richardson@trade.gov www.export.gov/arizona www.exportaz.org