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Important Markets for U.S. Export Mexico and Canada are the primary markets for U.S export, followed by Europe and Japan. Capital goods have been the largest category of U.S exports. This includes automobiles, engines, parts, and industrial equipments. Exports to Japan In the Asia-Pacific region, the U.S exports mostly to Japan. The U.S and Japan has established economic partnership for growth leading to ease of regulations and open economy. With the gap narrowing in trade deficit with Japan, U.S imports in Japan seem to be on the rise. Exports to Japan include computer and electronic products, transportation equipment, chemicals, machinery, agricultural products, food products, beverages and tobacco products, electrical equipment and components, fabricated metal products and marine products. Important service sector exports to Japan are in the area of information technology, insurance, and financial services.
Export to Europe
Europe is the main trading partner for U.S. The size of their bilateral trade is huge with U.S accounting for 24% of European Union exports and 18% of its imports. Exporting to Europe present, an excellent opportunity to U.S manufactures. Europe receives nearly a quarter of all U.S exports. Some of the emerging important sectors for exports to Europe are automotive parts, medical and telecommunications equipments, consumer goods, and travel and tourism related services. Imports from other developing economies to Europe are also on the rise due to competitive pricing. Language could be a barrier with European dealers. MasterSeek lists exporter information based on region and in various languages, which is of great help to non-English speaking exporters. U.S Imports in Mexico NAFTA has enabled intra-industry trade between U.S and Mexico. There has been an increase in two-way exchange between the two countries, which implies that each country is sending the other the same product, just at different stages of production. The top U.S export to Mexico and the second-largest import from Mexico to U.S is Computer and electronic goods. Similarly, the second largest U.S export to Mexico and the top U.S import from Mexico is transportation equipment. This implies that components are sent from U.S to Mexico, assembled and sent back to United States and only the value-added portion of the manufactured product is taxed. The leading goods traded between the two countries include transportation equipment, electronics, and textiles and apparel. U.S export of goods and services is one of the largest in the international market. This provides excellent export opportunities. Using MasterSeek’s MasterListings, by far the best B2B directory for comprehensive information on exporters and importers in various markets, anyone can resolve the complexities of the exporting business.
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