Despite today's challenging business environment, many North American companies in the truck equipment industry continue to fare well because they have taken advantage of free trade agreements or have a solid international customer base.
As foreign economies develop and expand, so too will international sales for passenger and commercial vehicles. In 2011, overall U.S. exports reached a record $2.1 trillion in value, and supported 9.7 million jobs, an increase of 1.2 million compared to 2009. Through May 2012, manufactured goods exports are up nearly 9 percent to $556.5 billion as compared to the same period in 2011. Nearly one-fifth (18 percent) of those goods are transportation equipment. In 2011, export sales of motor vehicles topped $63 billion, motor vehicle parts - $53 billion, and motor vehicle bodies and trailers - almost $4 billion.
If you plan to expand your business into the international market, or you need to increase your current marketing efforts overseas, this Global Opportunities section can help you locate the resources you need for your export and import questions.
NTEA Sets Goal for Global Growth - There is no question that the truck equipment industry, like many others, is becoming more global. Over the past three years, the NTEA Board of Trustees has determined that the Association needs a global perspective in order to continue providing members with meaningful services during this time of significant transition. In fact, the overriding goal adopted by the Board is that the NTEA is: “To be recognized globally as a leader in representing the work truck and vocational trailer industry.” Click here for full article.
Click here to learn about the upcoming Commercial Service initiatives designed to connect you to business opportunities around the world. If you have any questions about these initiatives, please contact your local U.S. Commercial Service trade specialist. To find the trade specialist nearest you please click here.
Additional Global Opportunities Resources*
Basic Export and Import Guidelines (U.S. Customs and Border Protection)
NHTSA Importation and Certification FAQs
Government Agencies and Trade Groups for Export or Import Guidance
Country Profiles (Export.gov and CIA.gov)
U.S. Export and Import Data (U.S. Census Bureau)
*NTEA is not responsible for the information contained on the third party web sites.