Why Consider Exporting?
- 96 percent of the world's consumers live outside of the United States, so if a U.S. business is only selling domestically, they are reaching just a small share of potential customers. (a)
- Current dollar devaluation means that U.S. goods are cheaper in other countries giving the U.S. a competitive advantage when exporting.
- Exporting enables companies to diversify their portfolios and to weather changes in the domestic economy.
- Reduced dependence on the domestic market
- Diversified sources of revenue
- Extended sales potential and product shelf life of existing products
- Stabilized seasonal markets and sales fluctuations
The opportunity is so great that simply doubling the number of U.S. Small- and medium-sized businesses (SMEs) that export to 2 percent worldwide would result in approximately US$400 billion in additional exports and approximately 2 million American jobs.
Solution: AmericaTowne® Import Trade Center->
(a) Source: Missouri Depart of Econ Development.