orange county world trade week breakfast and forum may 14, 2015 jim mayfield, director u.s. export...
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Orange County World Trade Week Breakfast and Forum May 14, 2015
Jim Mayfield, DirectorU.S. Export Assistance Center Irvine, CA
• Irvine, CA
Export Ecosystem
The Philippines 6.3%Kenya 6.0%India 5.5%
(11 of top 20 fastest growing markets are in the Pacific Rim - Bloomberg)
Local Export Picture CA Merchandise Exports in 2014 $175 Billion
LA-LB-OC MSA in 2013: $76.3 Billion* + 1.7%
(*2013 – latest available) 46% of CA total
2013 MSA EXPORTS SPLIT
LA $600 M
OC $1.9 B
LA - $50.4 BOC - $25.9 B
Source: U.S. Census Data; Commerce TSE
Top 5 OC Export Markets
Mexico - 25%
Canada - 12%
China - 10.6%
Japan - 8.2%
S. Korea - 4.4%
ROW - 41%
Mexico 25%
Canada 12%
China 10.6%
Source: U.S. Census and Cal State Fullerton (2014 estimates)
Key Export Sectors for OC
• Computer & Electronic Products• Transportation Equipment• Machinery & Electrical Appliances• Misc Manufactured Items (consumables)• Bio/Lifesciences – captured in several
categories • SERVICES: Education, Tourism, Design,
etc.
1120; 7%1067;
7%1052;
7%
847; 6%
829; 5%
747; 5%
735; 5%611;
4% 603; 4%576; 4%570; 4%531; 3%
496; 3%
451; 3%
303; 2%
290; 2%
287; 2%
276; 2%
261; 2%
3669; 24%
Exporters by Sectors - 201215,321 Exporters in OC
Semiconductor and Other Electronic Component Manufacturing
Computer and Peripheral Equipment Manufacturing
Navigational, Measuring, Electromedical, and Control Instruments Manufacturing
Other Miscellaneous Manufacturing
Other General Purpose Machinery Manufacturing Motor Vehicle Parts Manufacturing Plastic Product Manufacturing Office Furniture (including Fixtures) ManufacturingMotor Vehicle Manufacturing Commercial and Service Industry Machinery Manu-
facturing Cut and Sew Apparel Manufacturing Medical Equipment and Supplies Manufacturing Electrical Equipment Manufacturing Aerospace Product and Parts Manufacturing Household and Institutional Furniture and Kitchen Cabinet Manufacturing
Other Electrical Equipment and Component Manufac-turing
Other Food Manufacturing Pharmaceutical and Medicine Manufacturing Industrial Machinery Manufacturing **Miscellaneous
Source: Department of Commerce TSE
15%
13%
10%
7%
7%5%
5%
4%
4%
4%
3%
3%
3%
18%
Active Sectors for CS Irvine - FY 2013-2014
Travel/TourismCosmetics/ToiletriesMedical Eq.Drugs & Pharmaceuticals Education/Training ServicesAutomotive Parts/Services Eq.Foods - ProcessedConsumer GoodsAerospace/Defense TechnologyFranchisingComputers/PeripheralsAutomotive/TransportationApparel**Miscellaneous
Estimates only
Key Export Growth Drivers for OC
• Free Trade Agreements, TPP • Changing Demographics in the Pacific Rim• Emerging Consumers• Demand for California Lifestyle • eCommerce is here!
• Consumers - • What are they buying• 20 markets in the Pac Rim
• www.Export.gov/California/PacRimConsumers