United States: Trying to feel the export pulse

As global trade is contracting (-2% this year) on the back of currency carnage and lower commodity prices, U.S. companies could stop going after export opportunities. Yet, according to our estimation, there is still an additional USD58bn to make in goods exports in 2016.

To gauge the mood of American exporters, Euler Hermes conducted a proprietary survey earlier this year.

Two in three exporting SMEs feel that exports have contributed to the growth of their companies. U.S. exporters tend to sell to a few markets but view exporting as an efficient means of increasing revenue and profits, and gaining a competitive edge. Exporting SMEs estimate that they could increase their revenues by 26.3% in 3 years (and by 42.2% in 5 years);

Canada and UK are most common export markets. China tops list of countries SMEs would most like to begin exporting to;

A third of SME exporters have experienced a non-payment in the past year with an export shipment, with a mean of 4.1 incidents. 47% of exporters are familiar with trade credit insurance.