- Increase sales and profits
- Create domestic jobs
- Gain global market share
- More than 95 percent of the world’s economic activity is outside the United States.
- 96 percent of the world’s consumers live outside the U.S.
- Two-thirds of the world’s purchasing power resides outside the U.S.
- In 2016, Missouri exports were $13.95 billion. If a firm is performing well domestically, expansion into foreign markets can increase sales and improve profitability.
- Reduce dependence on domestic markets and stabilize market fluctuations
- Gain competitiveness
The number of small business exporters is growing
- More than two-thirds of exporters have fewer than 20 employees.
- Small- and medium-sized companies account for almost 97 percent of U.S. exporters, but still represent only about 30 percent of the total export value of U.S. goods.
- Nearly two-thirds of small and medium-sized exporters only sell to one foreign market. However, many of these firms could boost exports by expanding the number of countries they sell to.
- Many businesses have misconceptions about exporting — that it is too complex and they believe it is just for larger firms. Many businesses are not aware of the export assistance services offered to help them.
We can help. Contact us at ITC@missouri.edu to get assistance.