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January 22, 2020

New Reports Released to Help U.S. Companies Identify Top Exports Markets

Washington – U.S. Commerce Department has released 19 new reports designed to help U.S. exporters identify their next export market by comparing opportunities across borders.

Each report projects and ranks future export opportunities with a particular industry, providing in-depth commentary on key opportunities, trends, and challenges facing U.S. companies which export across the globe.

The report will help “U.S. firms find new markets and growth opportunities by reaching the 96 percent of global customers,” said M. Selig, Under Secretary of Commerce for International Trade in a statement adding that a small America’s 30 million companies export, and nearly two-thirds of those export to only one country.

The U.S. trade deficit expanded in May to $41.9 billion in May from the revised $40.7 billion in the preceding month as exports declined, according to the July report by the Commerce Department. Exports in May were worth $188.6 billion, compared with $190.1 billion April, on less demand for telecommunications equipment, pharmaceuticals and semiconductors.

Growth in U.S. exports has taken a hit by a slower global economy and a strong dollar which has made U.S. goods and services more expensive overseas.

The reports, part of the Top Market Series, include more than 200 country case studies and sector snapshots, from education exports to textile and apparel, to aircraft parts, environmental technologies and renewable energy.

Reports in the new series are on Agricultural Equipment, Aircraft Parts, Building Products and Sustainable Construction, Civil Nuclear, Cloud Computing, Cold Chain, Education, Environmental Technologies, Health IT, Media and Entertainment, Oil and Gas Equipment, Recreational Transportation, Renewable Energy, Renewable Fuels, Semiconductors and Related Equipment, Smart Grid, Textiles and Apparel and Travel and Tourism.

To download a full report or view individual case studies within each report, visit http://www.trade.gov/topmarkets.

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