Download presentation
Presentation is loading. Please wait.
Published byRosalyn Walters Modified over 9 years ago
1
INTERNATIONAL BUSINESS THE IMPACT ON COLORADO’S ECONOMY & JOBS INTERNATIONAL BUSINESS & U– FEBRUARY 28, 2013
2
INTERNATIONAL TRADE – BENEFIT TO COMMUNITIES INTERNATIONAL TRADE IS AN ECONOMIC DEVELOPMENT TOOL THAT CREATES & RETAINS GOOD JOBS AND HELPS COMPANIES AND COMMUNITIES COMPETE GLOBALLY Brings NEW Money Into Economy Delivers Economic Growth and Jobs Drives Competitiveness, Productivity, and Innovation
3
COLORADO’S EXPORTS – THE GOOD NEWS Exports from Colorado are up nearly 11.3% over last year at this time Compared to the U.S. where growth rate is 4.5% Service Exports are up as well and CO is among the nation’s strongest
4
COLORADO’S EXPORTS – THE BAD NEWS Colorado ranks 36 th in exporting out of all U.S. states and territories when considering products exported THE OPPORTUNITY? 95% of global market is outside of the United States Only 1% of U.S. companies are exporting Out of those companies, 60% are exporting to only one market
5
JOBS CREATED BY COLORADO EXPORTS U.S. Department of Commerce’s formula $165,000 of exports = 1 highly skilled job (18% higher salary than domestic manufacturing jobs, per International Trade Administration)
6
COLORADO EXPORT PERFORMANCE 201020112012 Products$6.7 Billion$7.37 Billion$8.1 Billion Services**$6.0 Billion$6.6 Billion$7.1 Billion Jobs**76,90084,60092,121 # Companies Exporting4494 ** Estimated
7
COLORADO’S TOP EXPORT PRODUCTS (2012) SOURCE: WISERTRADE, CENSUS BUREAU RankDescriptionIndustry 20122011-2012 1 Industrial Machinery, Including Computers Technology$1.6 Billion38% 2 Optic, Photo, Medical & Surgical Instruments Bioscience$1.4 Billion9% 3 Electric Machinery, Sound & TV Equipment Technology$1.1 Billion3% 4 Meat Agriculture$887 Million11% 5 Photographic or Cinematography Goods Technology$281 Million8% 6 Articles of Iron or Steel Infrastructure$212 Million23% 7 Mineral Fuel, Oil, Mineral Wax Natural Resources $211 Million33% 8 Rawhides and Skins Agriculture$209 Million(9%) 9 Aircraft, Spacecraft and Parts Aerospace$178 Million(17%) 10 Plastics Manufacturing$174 Million(5%) $8.16 Billion11.3%
8
COLORADO EXPORTS TO TOP MARKETS (OUT OF 210 TOTAL)
9
SERVICE EXPORTS – INTERNATIONAL TOURISTS Top Countries Sending Visitors to Colorado (by Volume) 1)Canada 6) Japan 2)Mexico 7) Brazil 3) U.K & Ireland 8) Italy 4) Germany, Austria, Switzerland 9) Spain 5) France & Belgium 10) Australia
10
SERVICE EXPORT: EDUCATION International Students increased 9.8% in 2012 over 2011 8,445 International Students Studying in Colorado Estimated Student Expenditures = $253.5 M in 2011-12 CountryTotal % China25% Saudi Arabia 13.7% India8.9% South Korea 5.1% Top Institutions for International Student Enrollment University of Colorado at Boulder University of Denver Colorado State University University of Colorado at Denver University of Northern Colorado
11
EXAMPLES OF COLORADO EXPORTERS
12
COLORADO’S IMPORTS – THE WHOLE STORY Imports are up 8%, at $12,65 B Top Imports: 1)Mineral Fuel 2)Industrial Machinery, Including Computers 3)Electronics 4)Optical/Medical Equipment Colorado’s trade imbalance is $4,48 M 5) Pharmaceuticals 6) Vehicles 7) Furniture 8) Items Made of Iron/Steel 9) Aircraft 10) Plastics
13
COLORADO’S TOP IMPORT MARKETS Country$ ImportsTop Product Imported 1.Canada4.45B Crude Oil 2.China1.86B TV Cameras and Recorders 3.Mexico1.09B Data Processing Machines 4.Germany591M Generators 5.Switzerland542M Medical Equipment 6.India377M Pharmaceuticals 7.Australia355M Hearing Aids, Prosthetic Limbs 8.Italy354M Cars 9.UK249M Industrial Machinery 10.Korea230M Electronic Circuit Boards Total12.65B
14
EXAMPLES OF COLORADO IMPORTERS
15
COLORADO FIRMS WITH GLOBAL OPERATIONS
16
FOREIGN DIRECT INVESTMENT IN COLORADO NationalColoradoCo Rank Jobs5.3 Million79,00025 Gross Property, Plant & Equipment $1.3 Trillion*Estimated $30 Billion 15 Commercial Property $162 Billion$2.6 Billion19
18
U.S. TRADE POLICY INITIATIVES National Export Initiative Encourage more domestic manufacturing (insourcing) Freer-floating exchange rates abroad, particularly for China EU-US Free Trade Agreement Trans Pacific Partnership
19
DIRECT FLIGHTS IMPACTING TRADE
20
Veracruz, Mexico Sao Paulo, Brazil New York, NY Estimated completion date, 2014 Bahrain
21
WORLD TRADE CENTER DENVER INFORMEDUCATEADVOCATECONNECT Established 1987 Member-based organization Privately funded Partnership-focused Rocky Mountain World Trade Center Institute
22
BENEFITS TO MEMBERSHIP W ORLDWIDE E XPANSIVE N ETWORK World Trade Centers Association - 330 centers, 100 countries, 1 million affiliated companies Reciprocal Services - WTC Club, e-commerce, tenant services, office and conference facilitates overseas, group trade missions W ORLD -C LASS E DUCATIONAL P ROGRAMS W EEKLY N EWSLETTERS, U PDATES T RADE S ERVICES Online Member-only Benefits – Databases, Deals, Extended Directory Export Documents – Certificates of Origin and Free Sale N ETWORKING O PPORTUNITIES, P ROGRAMS, & E VENTS
23
WORLD TRADE DAY – 40 TH ANNUAL Plug into the Global Economy – How Technology Impacts Trade May 16, 2013 $75 with student membership $100 for non-members with student ID
24
INTERNSHIP BENEFITS WTC Denver Network Hand-on Experience Educational Training International Business Multi-Cultural Work Environment
25
World Trade Center Denver – 303-592-5760 – www.wtcdenver.org www.wtcdenver.org Colorado International Trade Office – 303-892-3850 – www.colorado.gov/trade www.colorado.gov/trade Colorado Department of Agriculture – 303-239-4118 – www.coloradoagriculture.com www.coloradoagriculture.com U.S. Export Assistance Center – 303-844-6623 – www.export.gov www.export.gov CONTACT YOUR LOCAL RESOURCES FOR HELP
26
CONTACT US www.wtcdenver.org (303) 592–5760
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.