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The International Trade Process. Class One. 2011 Top Exporting States. Source: TradeStats Express™ International Trade Administration, USDOC and Foreign Trade Division, U.S Census Bureau, USDOC. California Top Export Markets.
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The International Trade Process Class One
2011 Top Exporting States Source: TradeStats Express™ International Trade Administration, USDOC and Foreign Trade Division, U.S Census Bureau, USDOC
California Top Export Markets Source: TradeStats Express™ International Trade Administration, USDOC and Foreign Trade Division, U.S Census Bureau, USDOC
California’s Leading Export Industries Source: TradeStats Express™ International Trade Administration, USDOC and Foreign Trade Division, U.S Census Bureau, USDOC
U.S. Merchandise Trade Balance Source: TradeStats Express™ International Trade Administration, USDOC and Foreign Trade Division, U.S Census Bureau, USDOC
U.S. Merchandise Trade Balance Source: TradeStats Express™ International Trade Administration, USDOC and Foreign Trade Division, U.S Census Bureau, USDOC
Benefits of Exporting • Increase profits • Diversify risk • Source at a lower cost • Higher wages • Adjust for seasonal availability • Extend product lifecycle
California Export Opportunity • 95.54% of the world’s consumers live outside the U.S. • 70% of world’s purchasing power is outside the U.S. Many Companies Make Exportable Products • Less than 1% of America’s 30 million companies export • 58% of companies export to only one country • 98% of U.S. exporters are SMEs (but represent less than one-third of the known export value of U.S. goods’ exports); 96% of California exporters are SMEs (Total 59,543 in 2010)Many Companies Have New-to-Market Export Potential
California Depends on Trade & Investment for Jobs • 5.1% of California's total private-sector employment is supported by manufacturing exports • 22.4% of manufacturing workers in California depend on exports for their jobs • SMEs generated over two-fifths (46%) of California's total exports • Foreign investment in California supported 4.7% private-industry employment (567,000 jobs in 2010)
Common Small Business Export Misconceptions • I’m too small • It’s too complicated • It’s too risky • It’s too expensive • I cannot compete
Export Assistance Resources • U.S. Commercial Service • State Trade Offices • U.S. Customs and Border Protection • American Chambers of Commerce (AmCham) • Foreign Trade Advisors/Trade Commissioners • Bi‐national Chambers of Commerce • Not‐for‐profit trade organizations • World Trade Centers