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The Opportunities of Exporting

The Opportunities of Exporting. Global trade seminar for newrep March 15, 2013 Presented by Tandra sbrocco Lakeshore technical college. U.S. Focus in the Past. Source: Pew Resource Center, 2008. New World Today. Wisconsin Export Statitstics.

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The Opportunities of Exporting

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  1. The Opportunities of Exporting Global trade seminar for newrep March 15, 2013 Presented by Tandra sbrocco Lakeshore technical college

  2. U.S. Focus in the Past Source: Pew Resource Center, 2008

  3. New World Today

  4. Wisconsin Export Statitstics • Total export value of Wisconsin exports in 2012: $23.1 billion for all commodities • Ranked 19th among all states in 2011 • Agricultural exports in 2011: $2.85 billion • Top 3 Countries in 2012: Canada, Mexico, & China

  5. Opportunities Created by Global Trade • Free trade agreements open doors to U.S. companies and give access to more consumers • Export revenues accounted for 30% of Wisconsin farm cash receipts in 2008 • 19.4% of all Wisconsin manufacturing jobs linked to exports (2009)

  6. Top 3 Reasons to Focus on Exports (GDP) • GROWTH • 95% of world’s population lives outside of the U.S. • World population expected to grow from 6 billion to 9.5 billion by 2050 with the U.S. population growing at a slower pace • Developing countries are in need of basic infrastructure and products to support growing populations • Create potential economies of scale by using excess production capacity

  7. Top 3 Reasons to Focus on Exports (GDP) • DIVERSIFICATION • Portfolio concept at the business level: risk mitigation with better management of market fluctuations which differ across countries • Seasonal business cycles extended as you enter other countries with different weather cycles or business cycles • Potential new uses of products and company skills

  8. Top 3 Reasons to Focus on Exports(GDP) • PROFIT • Exporters tend to grow 22% faster than non-exporting companies AND have higher profits • New markets=new streams of revenue • Neutralize competition with both U.S. firms and foreign competitors • Exporters grow jobs 4 times faster than non-exporters • Exporters are 8.5% less likely to go out of business

  9. Working Together For A Better Future Tandra Sbrocco Global Education Coordinator Lakeshore Technical College 920-693-1651 tandra.sbrocco@gotoltc.edu http://gotoltc.edu/businessIndustry/internationalBusiness.php

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