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U.S. small business exports is a $541 billion market — where does your state stand?
The U.S. Chamber of Commerce and Google released a new analysis of export activity by U.S. small businesses. Results, based on surveys and Global Trade Analysis Project data, find $541 billion in national economic output, just 2.8 percent of the U.S. total. Survey responses suggest that small businesses are seeing a higher portion of sales occurring as exports (from 19 percent in 2016 to 24 percent in 2018), and that nearly 40 percent of companies with at least five employees export goods or services. SSTI has compiled the report’s per-state data on share of exporting small businesses, exports’ share of the state’s economic output (displayed in the map), and in-state employment related to exporting.