{"id":18516,"date":"2019-03-09T00:08:29","date_gmt":"2019-03-09T00:08:29","guid":{"rendered":""},"modified":"2024-08-03T16:24:39","modified_gmt":"2024-08-03T16:24:39","slug":"united-states","status":"publish","type":"exports","link":"https:\/\/www.tradefinanceglobal.com\/exports\/united-states\/","title":{"rendered":"Exporting to United States"},"content":{"rendered":"\n
\n
\n
\n
\n

\n Exporting to United States <\/h2>\n
\n
\n
Last updated on 03 Aug 2024<\/div>\n
09 Mar 2019 . 2 min read<\/div>\n <\/div>\n <\/div>\n <\/div>\n\n\n
\"\"<\/figure>\n<\/div>\n\n\n\n
\"\"<\/figure><\/div>\n<\/div>\n\n\n\n
\n
\n
\n

US Trade Quick Links<\/h4>\n <\/div>\n
\n \n Importing from the US <\/a>\n \n Exporting to US <\/a>\n \n Importing from Canada <\/a>\n \n Exporting to Canada <\/a>\n \n Trade Finance \u2013 US <\/a>\n \n Invoice Finance \u2013 US <\/a>\n \n Export Credit Agency \u2013 US <\/a>\n \n Export Credit Agency \u2013 Canada <\/a>\n <\/div>\n<\/div><\/div>\n\n\n\n
\n

<\/p>\n

US Country Profile<\/h3>\n

<\/p>\n

Official Name (Local Language) United States of America
\n<\/strong><\/p>\n

Capital Washington, DC
\n<\/strong><\/p>\n

Population 323,995,528<\/strong><\/p>\n

Currency US Dollar
\n<\/strong><\/p>\n

GDP $18,560 billion<\/strong><\/p>\n

Languages English<\/strong><\/p>\n

Telephone Dial In 1<\/strong><\/p>\n<\/div><\/div>\n\n\n\n

\n

US Exports Profile<\/h3>\n

Exports ($m USD) 444,052<\/strong><\/p>\n

Number of Export Products 4,317<\/strong><\/p>\n

Number of Export Partners 213<\/strong><\/p>\n

 <\/p>\n

<\/p>\n

\"\"<\/figure>\n

<\/p>\n

<\/p>\n

<\/figure>\n

<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n

\n
\n

<\/p>\n\n\n\n

USA Economic Statistics<\/h2>\n\n\n\n



Government Website<\/strong><\/td>		https:\/\/www.usa.gov\/<\/a><\/td><\/tr>
Sovereign Ratings<\/strong><\/td>https:\/\/countryeconomy.com\/ratings\/usa<\/a><\/td><\/tr>
Central Bank<\/strong><\/td>Board of Governors of the Federal Reserve<\/td><\/tr>
Currency USD Exchange Rate<\/strong><\/td> <\/td><\/tr>
Unemployment Rate<\/strong><\/td>4.7%<\/td><\/tr>
Population below poverty line<\/strong><\/td>15.1%<\/td><\/tr>
Inflation Rate<\/strong><\/td>1.3%<\/td><\/tr>
Prime Lending Rate<\/strong><\/td>3.5%<\/td><\/tr>
GDP<\/strong><\/td>$18,560 billion
<\/td><\/tr>
GDP Pro Capita (PPP)<\/strong><\/td>$57,300<\/td><\/tr>
Currency Name<\/strong><\/td>US Dollar
<\/td><\/tr>
Currency Code<\/strong><\/td>USD<\/td><\/tr>
World Bank Classification<\/strong><\/td>High Income
<\/td><\/tr>
Competitive Industrial Performance<\/strong><\/td>3\/138
<\/td><\/tr>
Corruption Perceptions Index<\/strong><\/td>16\/180
<\/td><\/tr>
Ease of Doing Business<\/strong><\/td>8\/190
<\/td><\/tr>
Enabling Trade Index<\/strong><\/td>22\/136
<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n\n\n

\n

\n Access trade, receivables and supply chain finance <\/h4>\n

We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.<\/p>\n \n Get Started<\/span>\n <\/a>\n<\/div><\/div>\n\n\n\n

<\/div>\n\n\n\n
\n

<\/p>\n\n\n\n

Exporting to United States<\/h2>\n\n\n\n

Any company looking to export products or services from the United States must take into consideration the relevance of Free Trade Agreements (FTAs). There are about 20 of these in place, through which favourable treatment makes business easier and cheaper to conduct. FTAs are usually bilateral and sometimes mean that more record keeping in trading situations is needed. They build on the World Trade Organisation (WTO) Agreement and do provide advantages when competing against products from other countries. These agreements are put in place to increase transparency in the trade and investment environment, ultimately resulting in greater stability.<\/p>\n\n\n\n

While the US carries a large balance of trade deficit, reflecting the difference between the value of imports and exports, this figure has reduced recently as imports have decreased more rapidly than exports.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Exporting to United States: What is trade finance?<\/h2>\n\n\n\n

Trade finance is a revolving facility which alternative financiers offer \u2013 it enables firms to purchase inventory and can help ease cashflow issues.<\/p>\n\n\n\n

Typically, an alternative financier will fund all of the cost of the product, including charges (e.g. taxes).<\/p>\n\n\n\n

Trade finance offers added advantages over more traditional bank finance including invoice finance or loans. Trade finance provides up front funding without affecting existing bank relationships.<\/p>\n\n\n\n

How does it work?
If you\u2019re an SME importing or exporting stock supplies internationally, then a trade finance facility would allow you to fund this through offering a LC (letter of credit) or some form of cash advance.<\/p>\n\n\n\n

I\u2019m looking to export to the US, how can Trade Finance Global help, and how does it work?
If you are looking to export goods to other countries, you may require export finance, which is a commercial agreement between yourself (the exporter), and the importer from overseas. A alternative financier would advance you the cost of producing the stock supplies that you are exporting (as a debt instrument), either once you have sent the goods, or before manufacturing them. Once your foreign importer has received the inventory and pays you for the import, you will repay the advance loan from the funder over an agreed period.<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n\n\n\n

\n
\n

Chart Showing GDP Growth Compared to rest of world<\/h2>\n\n\n
\n