Our primary offices are located at Duquesne University in Pittsburgh, PA.
Small Business Development Center
108 Rockwell Hall
600 Forbes Ave
Pittsburgh, PA 15282-0103
Phone: (412) 396-6233
Fax: (412) 396-5884
Monday through Friday 8:30AM to 4:30 PM
Benefits of Exports
Why Consider Exporting?
· 95 percent of the world's consumers live outside of the United States, so if a U.S. business is only selling domestically, it is reaching just a small share of potential customers.
· Exporting enables companies to diversify their portfolios and to weather changes in the domestic economy. It can also extend the life cycle of existing products.
· Free trade agreements have opened up markets in Australia, Canada, Mexico, Colombia, Peru, Chile, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, Dominican Republic, Singapore, Korea, Jordan, Israel, Bahrain, Morocco and Oman creating more opportunities for U.S. businesses.
The Economic Impact of Exporting
· In the past 35 years, U.S. exports increased ten-fold from $224 billion to more than $2.3 trillion in 2013.
· About one of every five factory jobs—or 20 percent of all jobs in America's manufacturing sector—depends on exports.
· Workers in jobs supported by merchandise exports typically receive wages higher than the national average.
The Number of Small Business Exporters is Growing …
· 96% of American businesses that engage in foreign trade are small businesses, they have fewer than 500 employees.
· 59% have fewer than 20 employees.
· 37% of these firms employ between 20 and 499 workers,
· Small and medium-sized firms account for the vast majority of growth in new exporters.
· Because nearly two-thirds of small and medium-sized exporters only sell to one foreign market, many of these firms could boost exports by expanding the number of countries they sell to. Canada, Mexico and China are our top export markets.
The US Trade Representative’s office reports that newly created trade-related jobs pay 13% to 17% more than nontrade jobs.