Monday, April 11, 2011

Global Trade and PA - Latest Statistics Show Importance of Trade

Posted by Tina

n  17.9% of all manufacturing jobs in PA depend on exports, up from 10.1% in 1992 (2008 data)
n  Export-supported jobs linked to manufacturing account for an estimated 5.1 percent of Pennsylvania's total private-sector employment
n  A total of 13,139 companies exported goods from PA locations in 2008. Of those, 11,720 (89 percent) were small and medium-sized enterprises
n  PA export shipments of merchandise totaled $34.8 billion in 2010
n  PA’s top export destinations in 2010:
        1.  Canada ($10.2 billion)
        2.  China ($2.7 billion)
        3.  Mexico ($2.4 billion)
        4. Japan ($1.7 billion)
        5. Germany ($1.4 billion)
n  In 2008, foreign-controlled companies employed 263,500 Pennsylvania workers, accounting for  5.1% of the state's total private-industry employment in 2008
n  PA is home to over 6000 foreign owned firms
n  PA’s major sources of investment in 2008:
      1.  UK
      2.  Germany
      3.  Netherlands
      4.  Canada

Friday, April 1, 2011

CAM Innovation Tour

Posted by Tina

On March 24, we visited WTC member CAM Innovation for a tour and luncheon discussion.  This tour was part of a new series, offered in partnership with MANTEC, to showcase our members and clients who excel in international trade and innovation.  

Chuck McGough, President of CAM Innovation, addresses our group

Based in Hanover, PA, CAM is a manufacturer of equipment for the railway, mining, power generation, steel manufacturing and other industries, both domestically and internationally. This small company with 30 employees exports to 64 countries!

CAM Innovation proudly celebrates their 100th year of manufacturing excellence this year.  

Scott Brickell, Sales Manager at CAM Innovations, leads the factory tour

US-Bulgaria Chamber in America Promotes Trade & Investment Opportunities

By guest blogger Eliz Nestorov, President,US-Bulgaria Chamber in America  The recently founded U.S.-Bulgarian Chamber in America (USBGC) is ...