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Export Guide

Supply Chain Management and Importing: Guidance for Virginia Companies

September 25, 2020

In Virginia, 86% of businesses that engage in international trade depend on imports of intermediate goods for their operations. Virginia businesses that import intermediate goods generate $90 billion in output, $131 billion in economic activity, 550,000 jobs, add $58 billion to Virginia’s Gross State Product, and support $1.8 billion in revenues for the Commonwealth’s annual budget. On average, workers at these businesses earn $3,000 more per year.

This Guide to Supply Chain Management and Importing aims to curate directories of professional service providers, education opportunities, networking events, and online resources to assist Virginia businesses in optimizing their supply chains and importing. This report includes:

  • The basics of importing, focusing on the essential role of imports, compliance, and foreign trade zones;
  • A comprehensive list of conferences that focus on importing and supply chain logistics; and
  • A guide to service providers that work in tandem with VEDP to help Virginia business with supply chain logistics and importing, including associations and organizations, educational resources inside and outside of Virginia, and logistics resources.
Industry Report
Latin and South America
North America

Defense & Public Security in Mexico

September 11, 2020

Mexico’s military budget hovers around 2% of total government budget, comparable to Switzerland’s relative budget, and includes both SEDENA (Army & Airforce), SEMAR (Navy & Marine Armada), as well as Federal-level policing and investigation (Guardia Nacional). In all, Mexico’s total military capex planned for 2020 is equivalent to about 10 billion USD.

Examples of approved investments in 2020:

  • Radars
  • Infrastructure upgrades
  • Aircraft
  • Assets for surveillance operations
  • Naval hospital remodeling

This report includes information on important players, military priorities through 2024, opportunities for Virginia companies, as well as market entry considerations for Mexico’s defense and security sector.

Industry Report
Asia Pacific

Information Technology in SE Asia

August 28, 2020

The six major countries in South East Asia – Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam – have a combined population of 582 million and GDP of USD 3 trillion. If it were a single nation, it would be the third most populous country and the fifth largest economy in the world. It would also have the eighth largest consumption expenditure globally.

The region is among the fastest growing in the world, with ASEAN (Association of Southeast Asian Nations) having witnessed an average annual GDP growth of 5.3% between 2000 and 2018, supported by an increasingly well-educated workforce, abundant natural resources and favorable geographic location at the heart of the Asia-Pacific region. In 2019, it was the fourth largest export destination for the US, after Canada, Mexico and China, receiving USD 108 billion worth of exports originating from the US.

While nearly every sector in the six major South East Asian countries have been adversely affected by the outbreak, the virus is also creating opportunities by realigning supply chains, accelerating digitalization and automation, and driving medical sector innovation.

This report provides an overview of the economic impact and key business trends resulting from the COVID-19 pandemic, as well as specific opportunities for Virginia exporters in SE Asia. For each of the six key markets you will find the following:

  • Snapshot of the Digital Landscape
  • Software
  • Cybersecurity
  • Digital Education
Industry Report
Asia Pacific

Manufacturing in SE Asia

August 28, 2020

The six major countries in South East Asia – Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam – have a combined population of 582 million and GDP of USD 3 trillion. If it were a single nation, it would be the third most populous country and the fifth largest economy in the world. It would also have the eighth largest consumption expenditure globally.

The region is among the fastest growing in the world, with ASEAN (Association of Southeast Asian Nations) having witnessed an average annual GDP growth of 5.3% between 2000 and 2018, supported by an increasingly well-educated workforce, abundant natural resources and favorable geographic location at the heart of the Asia-Pacific region. In 2019, it was the fourth largest export destination for the US, after Canada, Mexico and China, receiving USD 108 billion worth of exports originating from the US.

While nearly every sector in the six major South East Asian countries have been adversely affected by the outbreak, the virus is also creating opportunities by realigning supply chains, accelerating digitalization and automation, and driving medical sector innovation.

This report provides an overview of the economic impact and key business trends resulting from the COVID-19 pandemic, as well as specific opportunities for Virginia exporters in SE Asia. For each of the six key markets you will find the following:

  • Snapshot of the Manufacturing Sector
  • Industrial Automation
  • Plastics
  • Automotive
Industry Report
Asia Pacific

Life Sciences in SE Asia

August 28, 2020

The six major countries in South East Asia – Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam – have a combined population of 582 million and GDP of USD 3 trillion. If it were a single nation, it would be the third most populous country and the fifth largest economy in the world. It would also have the eighth largest consumption expenditure globally.

The region is among the fastest growing in the world, with ASEAN (Association of Southeast Asian Nations) having witnessed an average annual GDP growth of 5.3% between 2000 and 2018, supported by an increasingly well-educated workforce, abundant natural resources and favorable geographic location at the heart of the Asia-Pacific region. In 2019, it was the fourth largest export destination for the US, after Canada, Mexico and China, receiving USD 108 billion worth of exports originating from the US.

While nearly every sector in the six major South East Asian countries have been adversely affected by the outbreak, the virus is also creating opportunities by realigning supply chains, accelerating digitalization and automation, and driving medical sector innovation.

This report provides an overview of the economic impact and key business trends resulting from the COVID-19 pandemic, as well as specific opportunities for Virginia exporters in SE Asia. For each of the six key markets you will find the following:

  • Snapshot of Healthcare System
  • Medical Devices & Equipment
  • Healthcare IT
  • Biotechnology R&D
Industry Report
Latin and South America

Security Industry in Peru

August 11, 2020

Over the past two decades, Peru has become one of Latin America’s fastest growing and most macro-economically stable nations. Solid economic management, prudent fiscal policies and openness to trade have enabled Peru to not only reduce poverty from over 50% to less than 23% in less than 10 years but also to become one of the region´s most dynamic business environments.

The downside to Peru’s strong and enviable economic growth over the past two decades has been the explosion of social conflicts, which sometimes result in violence. Increased investment in oil, mining, and natural gas projects has encountered opposition from indigenous communities due to the resulting environmental degradation and social impact.

The demand for residential, industrial, and office security equipment continues strong in Peru. Public opinion polls across the country acknowledge that people have a relatively high sense of insecurity, with many people having been a victim of robberies or home break-ins. Government agencies, private companies and households invest in a broad range of security equipment and solutions to mitigate security threats.

This report looks at emerging trends and opportunities for Virginia companies to provide Port, Personal, and Cybersecurity solutions in Peru, as well as list of tips to consider as companies prepare their market entry strategy for Peru.