Small and Medium- Sized Enterprises: Overview of ...
United States International Trade Commission
Small and MediumSized Enterprises: Overview of Participation in U.S. Exports
Investigation No. 332-508 USITC Publication 4125 January 2010
U.S. International Trade Commission
COMMISSIONERS
Shara L. Aranoff, Chairman Daniel R. Pearson, Vice Chairman
Deanna Tanner Okun Charlotte R. Lane
Irving A. Williamson Dean A. Pinkert
Robert A. Rogowsky Director of Operations
Robert B. Koopman Director of Economics
Karen Laney-Cummings Director, Office of Industries
Address all communications to Secretary to the Commission United States International Trade Commission
Washington, DC 20436
U.S. International Trade Commission
Washington, DC 20436
Small and Medium-Sized Enterprises: Overview of Participation in U.S. Exports
Investigation No. 332-508
Publication 4125
January 2010
Project Leadership
Alexander Hammer, Project Leader alexander.hammer@
Cathy Jabara, Deputy Project Leader cathy.jabara@
Laura Bloodgood, Coordinating Project Leader laura.bloodgood@
Nicholas Grossman, Statistical Coordinator nicholas.grossman@
Chapter 1 Chapter 2
Chapter 3
Chapter 4
Principal Authors
Alexander Hammer alexander.hammer@
Cathy Jabara
cathy.jabara@
Eric Cardenas
eric.cardenas@
Jeremy Wise
jeremy.wise@
Nicholas Grossman nicholas.grossman@
Joann Peterson
joann.peterson@
Allison Gosney
allison.gosney@
Other Analytic Contributors
Laura Bloodgood, Richard Brown, Nannette Christ, Daniel Cook, Judith Dean, Katherine Linton, David Lundy, and James Stamps
Special Assistance From
Diane Bennett, Peg Hausman, Andrew Martinez, Aaron Miller, Cynthia Payne, Vince Procacci, and Patricia M. Thomas
Under the Direction Of
Arona Butcher, Chief Country, Regional, and Analysis Division
arona.butcher@
Abstract
This report describes characteristics of domestic small and medium-sized enterprises (SMEs) and the role they play in U.S. exports. Within the U.S. economy, SMEs account for the vast majority of firms and approximately half the gross domestic product (GDP) generated by nonagricultural sectors. However, SMEs accounted for only about 30 percent of merchandise exports between 1997 and 2007. As was the case for larger firms, SME merchandise goods were primarily exported to Canada and Mexico in 2007, and SME principal exports were computer and electronic products, machinery, and chemicals. Unlike larger firms, SMEs tended to concentrate their merchandise exports in highincome destination markets such as Hong Kong, Israel, and Switzerland, and in laborintensive product categories such as wood products and apparel and accessories. Moreover, relative to larger firms, growth in the value of SME exports was more dependent upon net new market entrants, particularly among the smallest SMEs. While services export data for SMEs are largely unavailable, data on the location of affiliates for two services industries??(1) finance and insurance and (2) professional, scientific, and technical services??suggest that the United Kingdom and Canada are likely to have been important export destinations for SME firms in these industries in recent years.
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