Exporting to United States

US Export Guide | Trade Finance Global

Exporting to United States

Any company looking to export products or services from the United States must take into consideration the relevance of Free Trade Agreements (FTAs). There are about 20 of these in place, through which favourable treatment makes business easier and cheaper to conduct. FTAs are usually bilateral and sometimes mean that more record keeping in trading situations is needed. They build on the World Trade Organisation (WTO) Agreement and do provide advantages when competing against products from other countries. These agreements are put in place to increase transparency in the trade and investment environment, ultimately resulting in greater stability.

While the US carries a large balance of trade deficit, reflecting the difference between the value of imports and exports, this figure has reduced recently as imports have decreased more rapidly than exports.

United States Country Profile

Official Name (Local Language) United States of America
Capital Washington, DC
Population 323,995,528
Currency US Dollar
GDP $18,560 billion
Languages English
Telephone Dial In 1

United States Export Profile

Exports ($m USD)

444,052

Number of Export Products

4,317

Number of Export Partners

213

Top 5 export partners

Country

Trade

% Profit Share

China

526,022

21.85

Mexico

317,207

13.18

Canada

305,879

12.71

Japan

139,797

5.81

Germany

119,991

4.98

Top 5 Export Products at HS 6 digit level

Export Product

Number

Petroleum oils and oils obtained from bituminou

21.9%

Transmission apparatus, for radioteleph incorpo

13.2%

Automobiles with reciprocating piston engine di

12.7%

Other medicaments of mixed or unmixed products,

5.8%

Petroleum oils, etc, (excl. crude); preparation

5.0%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for United States

Agriculture

%

Product List

1.1%

Wheat, corn, other grains, fruits, vegetables, cotton; beef, pork, poultry, dairy products; fish; forest products

Industry

%

Industry List

19.4%

Petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, mining

Services

%

Services List

79.5%

Exporting to United States: What is trade finance?

Trade finance is a revolving facility which alternative financiers offer – it enables firms to purchase inventory and can help ease cashflow issues.

Typically, an alternative financier will fund all of the cost of the product, including charges (e.g. taxes).

Trade finance offers added advantages over more traditional bank finance including invoice finance or loans. Trade finance provides up front funding without affecting existing bank relationships.

How does it work?
If you’re an SME importing or exporting stock supplies internationally, then a trade finance facility would allow you to fund this through offering a LC (letter of credit) or some form of cash advance.

I’m looking to export to the US, how can Trade Finance Global help, and how does it work?
If you are looking to export goods to other countries, you may require export finance, which is a commercial agreement between yourself (the exporter), and the importer from overseas. A alternative financier would advance you the cost of producing the stock supplies that you are exporting (as a debt instrument), either once you have sent the goods, or before manufacturing them. Once your foreign importer has received the inventory and pays you for the import, you will repay the advance loan from the funder over an agreed period.

Information

Exporting to United States? Contact our local experts

United States Economic Statistics

Government Website

https://www.usa.gov/

Sovereign Ratings

https://countryeconomy.com/ratings/usa

Central Bank

Board of Governors of the Federal Reserve

Currency USD Exchange Rate

N/A

Unemployment Rate

4.7%

Population below poverty line

15.1%

Inflation Rate

1.3%

Prime Lending Rate

3.5%

GDP

$18,560 billion

GDP Pro Capita (PPP)

$57,300

Currency Name

US Dollar

Currency Code

USD

World Bank Classification

High Income

Competitive Industrial Performance

3/138

Corruption Perceptions Index

16/180

Ease of Doing Business

8/190

Enabling Trade Index

22/136

Currency in United States

About the Author

Natasha Roston is Head of People and Growth at Trade Finance Global (TFG). 

Natasha builds partnerships with Universities and external stakeholders to improve trade education projects. She is passionate about delivering innovative learning experiences to maximize engagement.

In 2022, Natasha led TFG’s Women In Trade campaign on #BreakTheBias, writing an article on the impact of gender stereotypes for gender equality in the workplace. 

Natasha is also responsible for TFG careers, culture, and growth. A Level 2 Qualified Coach and Mental Health First Aid Champion, she leads internal training, supporting the holistic wellbeing and professional development of the team.

Natasha worked in education for over a decade before joining TFG. Initially in formal education as a history teacher, and then in leadership roles as a Director of Learning and Head of Classics. Following this, she worked in EdTech as a Learning Design Coach for Aula’s Higher Education platform.

In addition to her work at TFG, Natasha volunteers for the Young Women’s Trust as a Work It Out – CV Volunteer. 

She holds an MA from Tel Aviv University, a History PGCE from The Institute of Education and a BA from the University of Nottingham. Currently, she is studying for her Level 3 Certificate in International Trade from the Institute of Export & International Trade.

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