HOME   |   CONTACT   |   MY BUSINESS TOOLS    Facebook Twitter LinkedIn Google+ Subscribe to MBDA Newsletter

You are hereHome > Export Basics

Export Basics

  • Submitted on 10 September 2015

    Created on September 10, 2015

    Antwaun Griffin is the International Trade Administration’s Deputy Assistant Secretary for U.S. Operations.

    Deputy Assistant Secretary for U.S. Operations delivers keynote at MMBA Power Luncheon.Last week, I, Mississippi Governor Phil Bryant and my esteemed colleague Joann J. Hill, Chief, Office of Business Development for the Department of Commerce’s Minority Business Development Agency, participated in the Mississippi Minority Business Alliance Power Luncheon in Jackson, Mississippi. I was honored to deliver keynote remarks at the luncheon hosted by the Mississippi Minority Business Alliance, Inc. (MMBA) to promote international trade and economic development in Mississippi by providing information on business opportunities for individuals and businesses, including minority and women-owned companies, major corporations and institutions.

    In Washington, DC, relatively far from Jackson, I lead the International Trade Administration’s (ITA) U.S. Commercial Service domestic network of more than 100 U.S. Export Assistance Centers (USEACs). I frequently visit our offices and the organizations our USEACs partner with to help U.S. businesses begin exporting or export to more markets overseas. My part of the economic development pie is only exports; however, the Department of Commerce as a whole touches numerous aspects of economic development. Among many other resources — like the National Weather Service, which is always an interesting thing to point out — Department of Commerce bureaus offer trade counseling, technical programs, regional planning, and a variety of other resources that benefit U.S. businesses.
    Within Commerce, my peers like Joann Hill collaborate across the country with other federal, state, local and private organizations similar to MMBA. These are critical relationships because the more robust, collaborative, and widespread they are – as in Jackson – the more of a synergy they create.

  • Submitted on 02 September 2015

    Created on September 2, 2015

    Look SouthJoin us on September 9, 2015 to learn about upcoming contracting opportunities in Mexico, Honduras, El Salvador, and Guatemala from our U.S. Embassies in-country and from procurement & infrastructure experts in Washington D.C.

    When:  Wednesday, September 9th, 2015 / 7:30am - 5:00pm
    Where:  World Trade Center Denver; 2650 East 40th Avenue, Denver 80205
    Cost:  $75 after August 28th.

    Registration includes breakfast, lunch and all program materials

  • Submitted on 04 August 2015

    Created on August 4, 2015

    Healthcare ITThe Health Information Technology (Health IT) sector has become an important, dynamic sector reshaping the healthcare system in the United States.  As other countries increase investments in their healthcare systems, they are interested in investing in digital products and services, driven by computers and mobile phones, rather than through paper-based systems. As a result, U.S. Health IT companies have become prime candidates to offer the technologies and services needed to meet the requirements of the 96 percent of patients based outside of the United States. The International Trade Administration (ITA) is committed to providing U.S. Health IT exporters the data-driven market intelligence they need to succeed globally – whether finding a company’s next export market or comparing opportunities for first-time exporters.

    This is the first Top Markets Report on the Health IT sector, providing exporters with analysis of future export opportunities, and possible barriers companies may encounter overseas. The Health IT Top Markets Report, part of the larger Top Markets Series, includes a methodology used to rank 80 potential export markets, eight country case studies, and several charts and graphs which show the market potential for the sector. The Health IT Top Market Report is forward looking, using data and analytics to project the strongest markets for future export growth; designed to help exporters compare opportunities across borders, identify opportunities for market expansion and/or market entry; and help exporters prepare effective strategies for entering or expanding their presence in foreign markets.

    So what does the future hold for the sector? With approximately $7 trillion in healthcare expenditures worldwide, the opportunities available for the Health IT sector are vast. However, since the rules and regulations governing the sector may not be keeping up with the innovations being developed, companies would greatly benefit from counseling and guidance from ITA when exploring opportunities overseas, both from the Top Market Report, but also through the ITA network of resources located worldwide.

  • Submitted on 29 July 2015

    Created on July 29, 2015

    Green TechnologyThe vibrant global trend seeking a greener built environment will help create some $46 billion in export opportunity for a group of U.S. building product manufacturers by 2017, according to new report Top Markets, Building Products and Sustainable Construction from the International Trade Administration. U.S. manufacturers of heating, ventilation, air conditioning and refrigeration equipment (HVACR), lighting, plumbing, insulation, wood products, doors and windows and glass construction products are well positioned to deliver on the resource conservation and environmental improvement benefits that are key goals of green building, and to meet traditional construction requirements.

    The ITA Top Markets study ranks 75 international markets in terms of 2017 sector export prospects, supported by country-specific case studies detailing market trends and the competitive state of play.  The study elaborates at least 5 key drivers of export opportunity:

  • Submitted on 22 July 2015

    Created on July 22, 2015

    Top Markets SeriesLast year, the United States exported $2.34 trillion worth of goods and services—an all-time record. Exports from the United States in 2014 equaled the entire gross domestic product of Brazil and exceeded all commercial output in India, Italy, or Mexico. What is more, exports are an increasingly important aspect of the U.S. economy. As the significance of exporting grows, the Obama administration and the Department of Commerce is committed to providing the data and analytics U.S. companies need to compete effectively in foreign markets.

    To meet this objective, the International Trade Administration (ITA) is leading the NEI Next Initiative, a customer service-driven strategy that is delivering improved information to American businesses to help them win when competing abroad. Of course, winning in foreign markets is often a case of investing resources as strategically as possible – i.e., picking which market to introduce a new product; or choosing whether to expand in one market or focus on opportunities elsewhere. That is why we are proud to release a new product line today: ITA’s Top Markets Series.

  • Submitted on 24 June 2015

    Created on June 24, 2015

    Exports: Key to Minority Business GrowthFree trade agreements make it easier and cheaper for U.S. companies to export their products and services to trading partner markets. By reducing trade barriers and creating a more stable and transparent trading and investment environment, it is easier and cheaper for U.S. companies to export their products and services to trading partner markets. Currently, the U.S. has free trade agreements with 20 countries. Last year 44 percent of U.S. goods exports went to FTA partner countries and supported 3.2 million jobs.1

    Why is this important? The U.S. has only five percent of the world’s consumers. With the remaining 95 percent living outside of the U.S., exports are vital to our economic stability and employment. The U.S. is currently negotiating a free trade agreement, the Trans-Pacific Partnership, with Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. Jobs supported by exports to these countries increased by over 500,000 since 2009.

    Minority business owners possess unique advantages in the global marketplace: superior cultural knowledge and language skills; existing family relationships that allow access to critical market intelligence; intimate knowledge of local commercial/business culture, and general comfort with operating in a global environment. As the U.S. seeks to remain globally competitive, engaging minority-owned businesses is no longer a moral or civic imperative—it is an economic necessity.2

  • Submitted on 17 June 2015

    Created on June 17, 2015

    Business CounselingThis post originally appeared on the Department of Commerce blog.

    Two Central American countries, Nicaragua and Guatemala, continue to open doors for American companies who are seeking out new markets. The U.S. Commercial Service, the trade promotion arm of the U.S. Department of Commerce’s International Trade Administration, helps U.S. companies get started in exporting and increase their sales to new markets around the world. Recently, the U.S. Commercial Service office worked with two companies, Second Frontiers and Battery Concepts, helping them expand sales and services into these important Central American countries.

    Second Frontiers, a global technology consulting firm specializing in the electronic equipment industry, announced their intentions to expand services to new markets and trade partners. In August of 2014, with the assistance of the Denver, Colorado U.S. Commercial Service office, Second Frontiers used the unique business match-making services that are part of the Gold Key Service program to travel to five Central American countries, including Nicaragua and Guatemala, to meet with prospective trade partners in their industry sector. The Gold Key program provides American firms of all sizes with customized, prescreened meetings with potential overseas clients. As a result of these meetings and expanded trade opportunities, Second Frontiers is now exploring the possibility of building additional office space, warehousing, and distribution centers in the U.S. The progress of their partnerships in foreign markets has been a major catalyst for Second Frontiers domestic growth and increased sales.

  • Submitted on 04 June 2015

    Created on June 4, 2015

    This post originally appeared on the Tradeology, the ITA Blog

    U.S. Commercial Service Trade Winds - Africa

    Africa is a huge potential market for almost any U.S. exporter, but there are several factors for any business to consider before exporting to the continent:

  • Submitted on 02 June 2015

    Created on June 2, 2015

    BEA New Data ToolA new data tool--International Trade and Investment Country Facts Application--on the Bureau of Economic Analysis website gives users a snapshot of statistics on trade and investment between the United States and another country by simply clicking on a world map.

    These fast facts at your fingertips can include:

    • Total exports, imports and trade balance between the United States and the country you select.
    • The top five categories of goods and services the United States buys from and sells to that country.
    • Country level data on U.S. direct investment abroad and foreign direct investment in the United States and on the activities of multinational enterprises such as employment and sales.
  • Submitted on 22 May 2015

    Created on May 22, 2015

    A Basic Guide to Exorting CoverThis post originally appeared on the Tradeology, the ITA Blog

    For more than 75 years, A Basic Guide to Exporting has helped U.S. companies make their first international sale and grow their businesses through exporting. Now, with an 11th edition, you may ask, what’s different? I’ll give you a few examples.

    In this new edition, there is expanded information on cross-border e-commerce and export controls, as well as a new chapter on rules of origin in Free Trade Agreements. This edition also provides updated content on creating export plans to strategically start or increase export sales. Good news for the many small- and medium-sized businesses who might be “winging” their current export sales.

    Additionally, A Basic Guide to Exporting features all new case studies including “micro multinationals,” which are small U.S. companies that sell to buyers in 30 or more countries. For example, Chapter 3 profiles Pennsylvania-based Zeigler Bros., Inc., a firm that researches and develops foods for animal and aquatic diets. The company made an early strategic decision to boost its bottom line by doing business overseas and has never looked back. Today, Zeigler supplies 300 different products to 50 countries, with exports accounting for more than 50 percent of overall sales. In Chapter 3, the guide describes how International Sales Manager Chris Stock overcame the challenges the company faced when trying to sell internationally, including helping customers deal with localized issues such as diseases that affect fish species being farmed, finding reputable partners, and gaining an understanding of environmental regulations in the countries where the firm does business.


Quote: The Best Way to get something done is to begin.

What MBDA Does