Commerce Department Releases Reports Ranking Top Export Markets

U.S. Secretary of Commerce Penny Pritzker today released the second set of Top Markets Reports that provides the latest assessment of export opportunities for U.S. companies in 19 sectors. As part of the International Trade Administration’s (ITA) Top Markets Series launched in 2015, the report ranks future export markets within a particular industry, delivering in-depth commentary on key opportunities, trends, and challenges facing U.S. companies looking to expand their businesses and export globally.

“The Department of Commerce is committed to providing exporters with unique, data-driven market intelligence needed to increase their competitiveness in the global economy,” said Secretary Pritzker. “By combining data with our specialized industry knowledge in more than 75 international markets, we have created an important resource to help businesses increase exports, grow our economy, and create American jobs.”

The 2016 Top Markets Reports provide updated country rankings and analysis reflecting the latest industry, trade policy, and global economic developments. This year, the series includes seven new reports for industries including franchising, manufacturing technology, and pharmaceuticals. Each report ranks future export opportunities within a particular industry based on a sector-specific methodology. Twelve of the reports have been updated to provide the most up-to-date analysis and insights from our experts, as well as incorporate information about how key developments in 2015 affect opportunities for U.S. exporters.

From medical devices exports to financial technologies, to automotive parts, cloud computing, and smart grid, the Top Markets Reports include an overview of the industry, the global landscape, country case studies and sector snapshots. The reports’ lead authors are members of ITA’s Industry & Analysis team, which provides unique sector expertise for export promotion, trade policy, and foreign direct investment strategies that strengthen the global competitiveness of U.S. businesses. The reports combine the unique expertise of ITA’s sector leads with economic data and the views of ITA’s staff stationed around the world. 

 “The Top Markets Reports have become a signature product through which ITA’s Industry & Analysis team can deliver its sector-specific expertise to help U.S. businesses better understand export opportunities,” said Assistant Secretary of Commerce for Industry and Analysis Marcus D. Jadotte. “We are pleased to be able to provide updated analysis, insights, and case studies with our 2016 reports, as well as expand our reach by offering seven new reports. The Top Markets series features reports that are designed to help U.S. exporters compare markets across borders, using market intelligence and data to inform decision-making.”

Reports found in this year’s Top Markets Series are:

•          Aircraft Parts
•          Automotive Parts
•          Building Products and Sustainable Construction
•          Civil Nuclear
•          Cloud Computing
•          Cold Chain
•          Construction Equipment
•          Education
•          Financial Technologies
•          Franchising
•          Industrial Automation
•          Manufacturing Technology
•          Medical Devices
•          Oil and Gas Equipment
•          Pharmaceuticals
•          Recreational Transportation
•          Renewable Energy
•          Smart Grid
•          Technical Textiles

To download a full report or view individual case studies within each report, visit http://www.trade.gov/topmarkets. Additional 2016 Top Markets Reports will be made available later this year.