Braving the Risks
The U.S. Census Bureau profiles 288,700 exporters
A profile of U.S. companies that exported to one or more countries 2007-2008 has just been released by the U.S. Census Bureau. The report provides general information on companies that braved the risks of doing cross-border business (see the related Risky Business) to ship some $1,148 billion (FAS value) in exports in 2008. The largest companies (500 employees or more) represented 3% of all exporters and accounted for 69% of known export value. 58% of all exporting companies trade with only one other country. Top destination was Canada, followed by Mexico, U.K., Germany, and China. The top five states based on number of exporting companies were California, Florida, New York, Texas, and Illinois. More facts and figures in the report.
Date posted: May 13, 2010