International Trade Administration releases reports ranking top export markets for U.S. industries

U.S. Under Secretary of Commerce for International Trade Stefan M. Selig on May 25 released 19 Top Markets Reports, including one on auto parts, to provide U.S. exporters with the latest sector-specific export opportunities.

Each of the International Trade Administration’s (ITA) 2016 Top Markets Reports combine the latest data, historical trends, current challenges and comprehensive commentary on future opportunities to rank sector-specific global export markets for U.S. companies. 

“The team at ITA works hard to help American businesses not only compete but win in the global marketplace,” said Under Secretary Selig. “These reports, which include more than 200 pieces of individually-viewable market intelligence and new country case studies, will help arm our clients with the needed tools to make sound, strategic decisions regarding market expansion opportunities, and help add to the estimated 11.5 million American jobs supported by exports.”

The reports released today are a part of  ITA’s Top Markets series, which was launched in July 2015. The 2016 reports provide updated country rankings and analysis reflecting the latest industry, trade policy, and global economic developments. This year, the series includes seven new reports for industries including franchising, manufacturing technology, and pharmaceuticals. Each report ranks future export opportunities within a particular industry based on a sector-specific methodology. Twelve of the reports have been updated to provide the most current analysis and insights from our experts, as well as incorporate information about how key developments in 2015 affect opportunities for U.S. exporters.

From medical devices exports to financial technologies, to automotive parts, cloud computing, and smart grid, the Top Markets Reports include an overview of the industry, the global landscape, country case studies and sector snapshots. The reports’ lead authors are members of ITA’s Industry & Analysis team, which provides unique sector expertise for export promotion, trade policy, and foreign direct investment strategies that strengthen the global competitiveness of U.S. businesses. The reports combine the unique expertise of ITA’s sector leads with economic data and the views of ITA’s staff stationed around the world. 

“The Top Markets Reports have become a signature product through which ITA’s Industry & Analysis team can deliver its sector-specific expertise to help U.S. businesses better understand export opportunities,” said ITA’s Assistant Secretary of Commerce for Industry and Analysis Marcus D. Jadotte. “We are pleased to be able to provide updated analysis, insights, and case studies with our 2016 reports, as well as expand our reach by offering seven new reports. The Top Markets series features reports that are designed to help U.S. exporters compare markets across borders, using market intelligence and data to inform decision-making.”

Click here to see the automotive parts report in this year’s Top Markets Series.

To download a full report or view individual case studies within each report, visit http://www.trade.gov/topmarkets. Additional 2016 Top Markets Reports will be made available later this year.

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