According to U.S. Commercial Service, 95 percent of the world’s potential consumers are outside of the U.S., and the global affinity for American-made products and services is second to none.
Why is exporting a smart move for your business?
- Exporting can accelerate company valuation because exporters reduce their overall market risk by spreading sales and operations through more than one economy.
- Exporters are more innovative than their non-exporting peers two years after export launch due to access to diverse knowledge bases from international partners – up to 4-times more product innovations and 7-times more patent submissions.
- Exporters enjoy a stronger workforce and earn roughly 1-2% higher wages. Firms that export have shown to be more skilled and productive regardless of company size.
- Exporters enjoy higher productivity – up to 72% more than non-exporters. The U.S. International Trade Commission found that U.S. small and medium-sized enterprises (SMEs) manufacturing exporters earned more per firm than non-exporters.
- Exporters grow faster, whether they deal in services or manufacturing. Exporters show higher total revenues and faster total revenue growth.
- Foreign Direct Investment in the U.S. has shrunk, but opportunity is strong for American-made goods.
Galveston County’s location on the Texas Gulf Coast, marine terminal facilities, and easy access to Port Houston and Hobby & Bush international airports make it an excellent choice as a major logistics center that can support both exports and inward trade.