Posts Tagged ‘exporting’
by Christina Lee on March 30th, 2009
The Department of Transportation vowed last week to settle a rising trade dispute between U.S. manufacturers and Mexican trucking companies, over the ability to cross borders while exporting.
President Obama signed into law March a $410 billion spending bill and with this, a provision removing access within the country for about 100 Mexican trucking companies. Less than a week later, the Mexican government responded by implementing tariffs on $2.4 million worth of U.S. goods.
Such tariffs, ranging from 10 to 45 percent, apply to almost 90 items from 40 states. More than a third of them target food products, though... Read more »
by Christina Lee on February 23rd, 2009
Exporting, while a bright spot in the U.S. economy, is something that small businesses and wholesalers still need to work on, according to a Small Business Administration report.
“Small businesses have often ignored the international marketplace because they could,” the report stated.”In a globalized economy, more and more small firms will need to consider export opportunities as an important key to survival and growth.”
In ten years, from 1996 to 2006, the total value of exports nearly doubled, from $500.7 billion to $910.5 billion. But within that same time period, the share of small businesses decreased from 31.1 to 28.9... Read more »
by Christina Lee on December 18th, 2008
While the U.S. current account deficit declined more than expected, efforts in promoting overseas exporting remains persistent among the government, economists, and industry experts.
The reason why: a trade deficit of more than $214 billion, which they say is more than enough evidence that the United States is still consuming more than it is producing.
The current account is the broadest measurement of global economic activity by the United States, as it incorporates investment flows with trade of goods and services. Its deficit current amounts to $174 billion, down 3.7 percent from $180.9 billion.
Peter Morici, a University of Maryland... Read more »
by Christina Lee on November 10th, 2008
As world trade growth slipped to 6 percent last year, U.S. trade associations and experts still debate about how its nation can possibly fare in a global clothing market with China as its reigning exporter.
Despite symptoms of an overall weakening economy, China has taken over an industry largely dominated by Mexico, the Dominican Republic, and some Central American countries. As the world’s second largest exporter of merchandise in 2007, China also supplied more than a third of the world’s clothing exports – amounting to $115.2 billion, according to a World Trade Organization report.
Meanwhile, the global economy is slowing... Read more »
by Carrie Hinkel on February 13th, 2008
In a rush to get their products selling in an overseas market, many business owners fall prey to one or more common "exporting pitfalls". It’s understandable that a business owner is excited about the possibilities that a new, wide-open market can bring to the company, but it’s important to remember that exporting involves big money and big risk. In order to give your business the best chance at a successful exporting experience, it’s crucial to take note of the most common mistakes made by new exporters.
Exporting mistakes to avoid
Choosing overseas partners too quickly – Many times a company... Read more »
by Larry Slusser on January 3rd, 2008
There are many exciting international possibilities for your business. Say for example you own a vintage clothing store. Did you know there is a decent sized market around the world for vintage US clothing, from the early 30s and 40s to today’s current designs? You could be hitting garage sales and flea markets and exporting the bargains you find to the Far East for a tidy profit.
While most of us have experience in our lives as consumers of businesses in America, few of us have experience as consumers internationally. This lack of experience can make entering a foreign market... Read more »
by Larry Slusser on January 2nd, 2008
Exporting can improve your small business in a number of ways. It can lead to additional sales revenue which may not have been possible in your domestic market. Going international can open up markets you did not have access to. It also can lead to increased profits, depending on the margins you are able to generate on your exported products.
Exporting does, however, have its risks and can leave you feeling out of control. There are a large number of variables that can impact your ability to export, many of which are beyond your control. So before committing your business... Read more »
by Carrie Hinkel on November 12th, 2007
So, your products have been selling so great here in the U.S. that you’re thinking about selling them in another country. That’s great! Exporting can be a terrific way to grow your business and expand your market.
Exporting can seem a bit intimidating to those who have never done it, but if you have all the information and take the time to thoroughly understand the process, you’ll find that exporting can be a fairly simple process.
Here are some basic steps to help you understand the exporting process:
Finding your overseas market - Once you’ve decided that you would like... Read more »
by Veronica Stone on June 25th, 2007
Forward Contracts are a very useful tool for all of those importers/exporters who have to keep their margins tight.
For many companies the "head in the sand technique" is very popular. Order goods today, send over the deposit and then in 6 weeks when the goods are about to come into the docks and payment on the rest is due, that’s when they notice the market has moved and "oops" – it has gone the wrong way. Here is a quick but effective example:
A US company wants to buy goods from the UK. They are quoted at 100,000 GBP,... Read more »