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 Importing and Exporting  

Exporting

From Singapore to Guatemala, an increasing number of free trade agreements are creating a more open and level playing field for U.S. small businesses. With each passing FTA, opportunities have soared for U.S. exporters- 97% of which are small businesses. While developing nations are growing at exponential rates, this may be the best time ever to join the global economy. According to export.gov, the federal government’s international trade portal, the benefits of exporting include:

Many more potential customers. Ninety-five percent of the world’s consumers live outside the United States.

Less vulnerability to economic swings. If the economy softens at home, it might be booming elsewhere, allowing you to better weather the domestic downturn.

Support for U.S. jobs. About 20% of U.S. manufacturing jobs depend on exports.

Exporting also benefits an area’s economy, selling outside a region’s borders brings more money into the region’s economy.

Exporting Gross by Countries:

Rank Country Exports
Million US$
Date of Information
World (sum of all countries) 12,440,000 2004 est.
European Union (external trade only) 1,330,000 2005
1 Germany 1,133,000 2006 est.
2 United States 1,024,000 2006 est.
3 People's Republic of China 974,000 2006 est.
Hong Kong 611,600 2006 est.
4 Japan 590,300 2006 est.
5 France 490,000 2006 est.
6 United Kingdom 468,800 2006 est.
7 Italy 450,100 2006 est.
8 Netherlands 413,800 2006 est.
9 Canada 405,000 2006 est.
10 Belgium 335,300 2006 est.
11 South Korea 326,000 2006 est.
12 Russia 317,600 2006 est.
13 Singapore 283,600 2006 est.
14 Mexico 248,800 2006 est.
15 Spain 222,100 2006 est.
16 Taiwan (Republic of China) 215,000 2006 est.
17 Saudi Arabia 204,500 2006 est.
18 Sweden 173,900 2006 est.
19 Switzerland 166,300 2006 est.
20 Malaysia 158,700 2006 est.
21 Brazil 137,500 2006 est.
22 United Arab Emirates 137,100 2006 est.
23 Austria 133,300 2006 est.
24 Thailand 123,500 2006 est.
25 Norway 122,600 2006 est.
List of countries by exports, based on The World Factbook.

Helpful Exporting Links and Documents

Chamber Certificate of Origin
Some destinations require a Certificate of Origin (CO) for certain commodities. The purpose of the CO is to authenticate the country of origin of the merchandise being shipped.

The CO may be required because of established Treaty arrangements, varying duty rates, and preferential duty treatment dependent on the shipment's origin.

The CO verifies the country in which the goods were manufactured. The commodity being exported and its destination determine if the CO is required. Some nations restrict imports from certain countries; many countries limit the quantity of goods that are allowed to be imported, or give preference to goods manufactured in the U.S.

This form requires the authorized signature and seal of the Chamber of Commerce.

www.export.gov
Site dedicated to helping U.S. companies export goods.

www.traderoots.org/
TradeRoots is the nation's leading sustained grassroots education program dedicated to raising public awareness of international trade on a local level.

www.unzco.com/basicguide/index.html
A basic guide to exporting from the U.S. Department of Commerce in Cooperation with Unz & Co., Inc.

www.bitd.org
 International Customs Tariffs Bureau: the world’s Customs tariffs translated into five languages (English, French, German, Italian and Spanish).
 

www.ita.doc.gov/media/publications/abstract/trade_finance_guide2007desc.html
Trade Finance Guide: A Quick Reference for U.S. Exporters has been written to help U.S. companies, especially small and medium-sized enterprises (SMEs), learn the fundamentals of trade finance to turn their export opportunities into actual sales and to achieve the ultimate goal: to get paid for their export sales. Eleven concise, two-page chapters offer the basics of numerous financing techniques, from open accounts, to forfaiting, to government assisted foreign buyer financing.

Importing

Importing Gross by Top 25 Countries:
Rank Country Imports
Million US$
Date of Information
World (sum of all countries) 12,090,000 2004 est.
1 United States 1,869,000 2006 est.
European Union (external trade only) 1,466,000 2005
2 Germany 916,400 2006 est.
3 China 777,900 2006 est.
4 United Kingdom 603,000 2006 est.
5 France 529,100 2006 est.
6 Japan 524,100 2006 est.
7 Italy 445,600 2006 est.
8 Netherlands 373,800 2006 est.
9 Canada 353,200 2006 est.
10 Belgium 333,500 2006 est.
Hong Kong 329,800 2006 est.
11 Spain 324,400 2006 est.
12 South Korea 309,300 2006 est.
13 Mexico 253,100 2006 est.
14 Singapore 246,100 2006 est.
15 Taiwan 205,300 2006 est.
16 India 187,900 2006 est.
17 Russia 171,500 2006 est.
18 Switzerland 162,300 2006 est.
19 Sweden 151,800 2006 est.
20 Austria 134,300 2006 est.
21 Australia 127,700 2006 est.
22 Malaysia 127,300 2006 est.
23 Turkey 120,900 2006 est.
24 Thailand 119,300 2006 est.
25 Poland 113,200 2006 est.

List of countries by imports, based on The World Factbook.

Helpful Exporting Links and Documents

US Import Requirements Pamphlet
This pamphlet is intended as a general explanation of import requirements for a person interested in establishing an importing business or a person who may be importing something for personal use only

www.customs.gov/

www.fsis.usda.gov/Regulations_&_Policies/Import_Information/index.asp
FSIS policies and procedures assuring that U.S. imported meat, poultry and egg products are safe, wholesome, unadulterated, properly labeled and packaged.

 

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