Overview
The United States will continue to see a strong growth in trade as it is well-positioned to serve both emerging markets and advanced economies, and it stands to benefit greatly from fast-growing sourcing economies. Today, a small percentage of America’s 30 million companies export and nearly two-thirds of those companies export to only one country. Although trade represents a relatively small share of the economy, the United States has much to gain from increased trade liberalization. Strong growth in Asian economies, in particular, offers a major opportunity for US exporters. Meanwhile, steady domestic activity should maintain US demand for imports, with Asia heading the list of suppliers to the US and China in first place by 2030.
- Industrial Machinery
Industrial machinery is expected to be the top driver of U.S. export and import trade now and in the next decade, according to the latest HSBC Commercial Banking Trade Forecast. According to the report, U.S industrial machinery exports, which range from large power generating machinery to small parts for domestic electrical items, are expected to account for 21% of U.S. export growth this year through 2015, making it the biggest sector contributor to overall U.S. merchandise export growth through 2015.
At TGO, our team is dedicated to provide both import and export to and from China based on our clients’ need for their needs reducing cost and increasing production and eventually profit.
- Other
- Wine sales
- Inverter sales
- Furniture sales