From 2005-2015, the U.S. Census Bureau had been collecting data on U.S. metro area export markets based on the United States Principal Party in Interest (USPPI) zip codes. When the U.S. seller is ready to export, they file as a USSPI in the “Automated Export System (AES)” online database. Based on the USPPI report, the Census Bureau is able to identify the top five metropolitan export markets (ranked by export value): (1) Houston-The Woodlands-Sugarland, Texas; (2) New York-Newark-New Jersey City, New York, New Jersey; and (3) Seattle-Tacoma-Bellevue, Washington. Here are some of the comparison highlights from the report:
Houston-The Woodlands-Sugar Land, Texas
- SME’s (small to medium sized businesses) account for 93% of Houston goods exporters
- 92% of Houston goods exporters shipped manufactured products overseas such as petroleum/coal, machinery, computer & electronic products
- Top export markets: Mexico, Canada, China, Brazil and Netherlands
- SME’s account for 95% of New York goods exporters
- 91% of New York goods exporters shipped manufactured products overseas such as computer & & electronic products, primary metal manufacturers, agricultural products, miscellaneous manufacturers.
- Top export markets – Hong Kong, Canada, Switzerland, China, United Kingdom
- SME’s account for 89% of Seattle goods exporters
- 90% of Seattle goods exporters shipped manufactured products overseas such as transportation equipment, fishing hunting trapping; agricultural products, machinery, computer and electronic products.
- Top export markets: China, Canada, Japan, South Korea, UAE
Is Your Business an SME?
Are you an SME located in large U.S. metro area export markets that fall into the industries mentioned above? If so, contact us and we can help you identify trade financing solutions to boost your foreign sales. Click below to request a consultation and find out if your business qualifies for EXIM Bank solutions:
