Doing Business in the U.S - Fast Facts 

The United States with a population of over 280 million is the world’s largest single importer, exporter, investor and purchaser of products with an estimated (USD) $11 trillion economy.

It makes sense for Australian or Asian companies looking to enter the competitive yet lucrative US market to use IBC’s collaborated expert guidance and take advantage of these extraordinary business opportunities.

The facts below demonstrate there is ample opportunity to penetrate the U.S marketplace:

• Seven U.S states each have economies larger than the whole of  Australia and California alone has the 6th largest economy in the world
• The U.S automotive industry generates revenue in excess of US$270 billion per year
• Food sales in the U.S topped USD $569 billion in 2004 and the combined food and beverage market approaches the USD $900 billion mark. The US imports approximately 11 per cent of its food needs
• US suppliers sold US$200 billion goods and services to the US Federal Government procurement  agencies
• The US is the world's largest producer and consumer of information and communications technology products and services, spending more than USD $812.6 billion per annum on ICT - the US federal government spending on information systems and services will reach USD $63.3 billion in 2007 from five agencies alone – which will account for nearly 70 per cent of federal spending on ICT (the Department of Defence, the Department of the Treasury, the Department of Transportation, the Department of Justice and NASA)
• The US jewellery market is worth USD $25 billion per annum
• The US seafood market totals USD $34 billion per annum
• Foreign direct investment in the U.S. is now USD $300 billion per annum
• In 2003-2004 the US was the third largest merchandise market after Japan and China, with total exports in all sectors totalling USD $9.4 billion

Although the U.S is already a popular export destination there is ample room for further penetration and success for new business.