New exporters are less reliant on U.S. market
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New exporters rely less on the U.S. market than businesses that have been exporting longer. In 2007, 60% of new exporters shipped to the United States and these shipments accounted for 47% of the value of their total domestic exports. By contrast, among all exporters, 81% of establishments exported to the United States and their shipments accounted for 79% of the value.
New exporters accounted for 4.5% of all exporters in 2007. They exported a total of $3.1 billion worth of goods and exported, on average, a value of $1.5 million. Most new exporters (89% in 2007) exported less than $1 million in their first year.
Among all exporters in 2007, 73% exported less than $1 million, accounting for 1.5% of the year's total export value, $414 billion. By contrast, 4% exported more than $25 million and accounted for 84% of the year's total. Most new exporters—74% of new establishments in 2007—are in the non-manufacturing sector. In 2007, more than 8 out of 10 new exporters had fewer than 50 employees, whereas 5% had 200 employees or more.
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