November 9, 2010
News Release 10-126
Inv. No. 332-510
Contact: Peg O'Laughlin, 202-205-1819
FOUR MILLION U.S. JOBS SUPPORTED BY EXPORTS
BY SMALL AND MEDIUM-SIZED ENTERPRISES (SMEs), SAYS USITC
U.S. SMEs That Export Outperform Nonexporting SMEs
Exports by small and medium-sized enterprises (SMEs) support an estimated four million jobs in the United States, and SMEs in both manufacturing and services sectors that export are more productive than SMEs that do not export, according to the U.S. International Trade Commission (USITC) in its report Small and Medium-Sized Enterprises: Characteristics and Performance.
The USITC today released the report, which is the last of three studies examining the extent and composition of U.S. exports by SMEs and factors that may disproportionately impede U.S. SME exports. The reports were requested by the U.S. Trade Representative.
As requested, the USITC report examines the characteristics of SMEs that export services, the growth in exports of services, and differences between large firms and SMEs that export services. The report also identifies linkages between exporting and performance of SMEs, the degree to which SMEs operate as multinational firms, SMEs' indirect contribution to exports, and impediments which disproportionately affect SMEs' exports. The report identifies gaps in SME trade data, but takes advantage of data generated by a USITC survey of thousands of U.S. SMEs and data assembled for the USITC by the Bureau of Economic Analysis and the U.S. Census Bureau relating to services SME exporters and sales of SMEs' foreign affiliates.
Highlights of the report follow:
Small and Medium-Sized Enterprises: Characteristics and Performance (Inv. No.332-510, USITC Publication No. 4189, October 2010) is posted on the USITC Internet site at http://www.usitc.gov/publications/332/pub4189.pdf. A printed copy may be requested by e- mailing email@example.com, calling 202-205-2000, or writing to the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. Requests may also be made by fax to 202-205-2104.
USITC general factfinding investigations, such as this one, cover matters related to tariffs or trade and are generally conducted at the request of the U.S. Trade Representative, the Senate Committee on Finance, or the House Committee on Ways and Means. The resulting reports convey the Commission's objective findings and independent analyses on the subject investigated. The Commission makes no recommendations on policy or other matters in its general factfinding reports. Upon completion of each investigation, the USITC submits its findings and analyses to the requester. General factfinding investigations reports are subsequently released to the public, unless they are classified by the requester for national security reasons.