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The Census Bureau has released new data on the profile of U.S. exporters. Business data has its lags, and these latest data are preliminary estimates for 2012. What they reveal is the critical importance of small and mid-size enterprises (SMEs), companies with fewer than 500 employees, in U.S. exports. SMEs make up 98 percent of U.S. exporters and record 35 percent of U.S. exports. We at TradeUp wanted to offer a distilled review of these trends (below); for more insight, read our updated White Paper.

SMEs: 98% of U.S. exporters and record 35% of U.S. exports

SMEs are the backbone of the U.S. economy, and make up 98 percent of the 304,867 U.S. exporters. Just like in other economies, overall U.S. trade is still driven by large companies and multinationals, but SMEs have in the past few years gained ground and now make up over a third of U.S. exports. 

We at TradeUp are working with SMEs across the U.S., to keep their ranks and exports growing, and help U.S. businesses to realize their full potential in international markets. We also believe these companies have the greatest shot at growing into large businesses, creating jobs, and boosting America’s economic growth and competitiveness.

Read the whole article and download the white paper on TradeUp Blog.

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