Top 5 Countries for Small Business Exports

 When you sell your products only within the U.S. borders, you deny 96 % of the globe's population a chance to get a hold of these products. One of the best business options to conquer new markets and to increase your revenues is expanding your business outside the 50 states. The top countries best suited for small business exports will help you create new jobs in your country and maintain a competitive edge.

Canada

Canada is the largest export market of the US, according to the U.S. Department of Commerce. The country accounts for almost 20 % of the U.S. exported products.

Canada's close proximity and the significant amount of market access projects create excellent options for expanding your business overseas. Popular markets are those in the automotive, safety industry, aerospace, and renewable energy.

China

China is the 2nd largest trading partner of the USA.With 124 countries considering China their largest trading partner, the Asian country’s influence is on the rise. As to the US.-China trading relations, US exports to China have grown faster than exports to any other major US trading partner. From 2004 to 2013, American exports to the Asian country increased 255 %. Some of the hot exports include consumer goods, education and tourist-related services.

UK

Although small in territory, the U.K. is characterized by a great purchasing power. The country is the 3rd largest economy in the EU and the 6th largest economy in the world. Some of the best sectors to sell are safety equipment, health-care items, electronics or items used in automotive industries.

Mexico

It should be noted that exports in Mexico have increased almost 300% since NAFTA was established. The Trade Agreement has helped the country to become the U.S.'s 2nd largest export market.

Popular sectors to sell are those in t energy, security, transportation, construction, tourist and auto parts industries.

Australia

The Australia-U.S. Free Trade Agreement did away with problematic tariffs, opening new opportunities for American companies. Australia has had over 20 years of uninterrupted annual growth, has the world’s 12th largest economy and is the U.S.’s 3rd largest trading partner. There are good prospects for exporters of precious stones, chemical products, pharmaceuticals, chemical products and medical instruments.