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
CapitalWashington, DC
Population323,995,528
CurrencyUS Dollar
GDP$18,560 billion
LanguagesEnglish
Telephone Dial In1

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

First Name*

Last Name*

Your Organisation*

How much trade finance are you seeking?*

Your Email*

Telephone Number*

Briefly, what type of stock or trade are you looking to finance?

(Marketing Terms can be found here)

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

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