Presentation on theme: "AGRICULTURAL EXPORTS: A WORLD OF OPPORTUNITIES Georgia Agriculture Forecast | 2013."— Presentation transcript:
AGRICULTURAL EXPORTS: A WORLD OF OPPORTUNITIES Georgia Agriculture Forecast | 2013
BENEFITS OF EXPORTING BETTER COMPANIES HIGHER WAGES MORE JOBS Twice as many jobs! 20% faster growth 9% less likely to go out of business 20% higher wages 187,500+ jobs for Georgians Companies often discover: Reduced risks! Extended product life cycles Increased profits Enhanced knowledge of global competition and innovations
2011 RECORD YEAR FOR GEORGIA EXPORTS $34.7 billion; 141% increase over the past 10 years. National Rankings; 12 th leading exporting state: Wood Pulp (#1) Poultry (#1) Minerals/ores (#1)Pecans (#1) Aluminum (#1) Textile Floor Coverings (#1) Acrylic Polymers (#2) Paper & Paperboard (#2) Overall Top Markets: Canada, China, Mexico, Singapore, Japan, Germany. Top Ag Markets: Canada (17%), Hong Kong (11%), Mexico (7%). Other countries less than 3% each. GDEcD and GDA combine export services, including assistance from Georgia’s International Representatives.
GEORGIA’S INTERNATIONAL OFFICES
DID YOU KNOW… 1 in 3 acres on U.S. farms is planted for export. 39% of Port of Savannah exports were ag commodities: wood pulp, food, and paper & paperboard. (FY’12) The Port of Savannah is the 2 nd largest U.S container port for exports. U.S. free trade agreement partners buy 45%+ of U.S. exports. 97% of U.S. exporters are small- to medium-sized companies.
6-Year Trend of Georgia’s Agricultural Exports (Ag defined as HS Chapters 1-24)
TOP AGRICULTURAL MARKETS BY TIERS (Ag defined as HS Chapters 1-24) 6-Year Total % Change Total$11.93 B129% Canada$2.14 B92% China$957 M-44% Mexico$810 M214% Hong Kong$745 M971% Japan$381 M-42% Russia$337 M57% Trinidad & Tobago$284 M127% Venezuela$256 M675% Dominican Republic$225 M69% Vietnam$219 M2543% Cuba$199 M0% Jamaica$194 M83% Taiwan$189 M199% Indonesia$183 M474% Turkey$176 M-4% United Arab Emirates$173 M481% Philippines$171 M175% Angola$155 M2275% South Korea$146 M102% Morocco$146 M7611% United Kingdom$137 M80%
GEORGIA AGRICULTURAL EXPORTS 2006–2011 (Ag defined as HS Chapters 1-24)
WHO DO WE HELP? New to Export Infrequent ExportersExperienced Agricultural Companies Manufacturers Assembly Operations Research and Development Distribution Headquarters Operations In FY’12, 84% of companies assisted by GDEcD Trade had 100 employees or less; 55% had fewer than 20 employees. These companies were located in 128 Georgia counties.
EXPORT RESOURCES FOR AG COMPANIES U.S. Commercial Service* U.S. Small Business Administration* GA Department of Economic Development* GA Department of Agriculture Small Business Development Center* Export-Import Bank* Southern U.S. Trade Association (SUSTA) U.S.D.A, including Foreign Agricultural Service (FAS) *Co-located
GDECD’S AWARD-WINNING EXPORT TEAM E-Star Award for Excellence in Exporting White House, May 2007
EXPORT RESOURCES Export Research and Target Market Information Key Contacts Abroad (Rep/foreign buyer searches) Trade Opportunities Alert Trade Shows/Missions/Incoming Buyers Grants for international marketing for qualified AG companies Reduced participation fees for qualified companies Export Finance (Working capital loan guarantees/foreign buyer credit insurance) Export Directory Did you know…? Most GDEcD Trade services are FREE!
GDEcD’s International Representatives Visit, March 2013 G.R.O.W. (Georgia Reaching Out Worldwide) Incoming Buyer Delegation, July 2013, Savannah, GA. Georgia suppliers will attend country briefings and meet with international buyers of transportation, food and agribusiness. LINK, Directory of Georgia-based Export Trading and Export Management Companies. Georgia Export Directory, Qualified Georgia companies listed for free or, for a small fee, can upgrade to a more in-depth listing. TRADE PROMOTION EVENTS
Gulfood, Feb. 2013, Dubai, UAE. World’s largest food, beverage and hospitality trade show. SOLD OUT CRFA, March 2013, Toronto, Canada. Canada’s leading foodservice and hospitality event. SOLD OUT World Biofuels, March 2013, Rotterdam, Netherlands. Top global biofuels event. Seoul Food and Hotel, Seoul, Korea, May Asia’s premier food, hospitality, food-processing and packaging trade show. SOLD OUT SEUS-CP Halifax & Trade Mission to Toronto, July Matchmaking and conference. Trade Missions: South Africa, February 2013 SOLD OUT United Kingdom, March 2013 Singapore, April 2013 Taiwan, April 2013 China, August 2013 Visit for more opportunities!www.georgia.org
South GA: Kathy Oxford Small Business Administration Sandro Murtas GEORGIA’S FOOD & AGRICULTURE TRADE TEAM Small Business Development Center Dimitris Kloussiadis North GA: Shehzin Jafar Export Promotion Georgia Department of Economic Development Export Import Bank of the U.S. Susan Kintanar Export Finance Export Consulting & Loan Packaging
Kathe Falls, Director, International Trade Global Commerce Georgia Department of Economic Development 75 Fifth Street NW, Suite 1200 Atlanta, Georgia T: E: THANK YOU FOR KEEPING GEORGIA ON YOUR MIND!