US Trading Companies in 2014 - International Trade Administration

0 downloads 75 Views 446KB Size Report
408,685 U.S. companies engaged in ... Source: “A Profile of U.S. Importing and Exporting Companies”. ... 424 - Merch
U.S. Trading Companies in 2014 The Commerce Department’s Exporter Database (EDB) is a joint project of the International Trade Administration and U.S. Census Bureau

408,685

Trading Companies in 2014 2014 reflects a slight decrease (0.2%) in the number of goods exporters, but a 2.5% increase in known export value •

The number of goods importers increased 2.0% in 2014 and known import value grew 3.6%



Companies that both export & import account for the majority of trade, by

SMEs accounted for 98% of exporters & 97% of importers

400,000

Number of CompaniesTrading Goods, 2014



Import Only 104,219 300,000

Large Exporters 6,947

Both Export & Import 83,606

SME Importers 182,371

One third of goods trade (by value) came from SMEs SME Exporter Value $482.0

Export Only 220,860

Large Exporter Value $959.9

value 0



Most SMEs (59%) only export to a single market, while 75% of large firms export to multiple countries



SME exports showed the largest growth to Mexico, the United Kingdom, & Belgium

Updated April 2016

Large Importer Value $1,414.8

SME Importer Value $642.9

Trade values shown in billions of US dollars

30%

Top SME Export Markets

25%

Percentage Change in SME Goods Exports, 2013-14

SME Exporters by Market

Large Importers 5,454

SME Exporters 297,519

200,000

100,000

U.S. companies engaged in goods trade in 2014

20% 15% 10% 5% 0% -5%

-10% -15%

United Kingdom 41,180 Japan 25,390

Mexico Canada 55,860 88,055

Korea 21,178

Germany 31,411 China 33,192

Australia 29,922

Hong Kong 24,418

Singapore 20,255

Circle size indicates the number of U.S. SME exporters to each market in 2014

Department of Commerce

|

International Trade Administration

2

U.S. Trading Companies in 2014 Exporters by State •

Exports from SMEs accounted for more than half the total goods export value in seven states



Illinois reported the largest increase in the number of goods exporters, up by more than 400 companies

*33.4% is the national average SME share of known export value

Exporters by Industry •

The majority of exporters are nonmanufacturing firms such as wholesalers



Among SMEs, chemical manufacturers reported the largest growth in value



SMEs accounted for 27.4% of overall goods export growth in 2014

Additional resources

Top NAICS Sectors by Dollar Change in Known Export Value, 2013-14 423 - Merchant Wholesalers, Durable Goods 336 - Transportation Equipment 541 - Professional, Scientific, & Technical Services 424 - Merchant Wholesalers, Nondurable Goods 322 - Paper Manufacturing 211 - Oil & Gas Extraction 311 - Food Manufacturing 331 - Primary Metal Manufacturing 453 - Miscellaneous Store Retailers * 325 - Chemical Manufacturing 561 - Administrative & Support Services 335 - Elec. Equipment, Appliances & Components 313 - Textile Mills 517 - Telecommunications

-5,000

Change Known Value from SMEs Change in Known Value from Large Companies

0

5,000

*Due to disclosure concerns, no detail by company size is available for this category

10,000

15,000

Millions of US Dollars

• Trade Policy and Analysis http://www.trade.gov/mas/ian • Exporter Database http://www.trade.gov/mas/ian/smeoutlook Source: “A Profile of U.S. Importing and Exporting Companies”. April 2016. http://www.census.gov/foreign-trade/Press-Release/edb/2014/index.html

Updated April 2016

Department of Commerce

|

International Trade Administration

20,000