Data Insights – Halton exporters forecast strong growth

Nearly one in three Halton businesses exported products or services last year. Of these, 64% exported products, 21% exported services, and 15% exported both. Given Halton Region’s strategic location and proximity to major transportation corridors and the United States market – 40% of the United States market is within a day’s drive of Halton – it is an ideal location for businesses with export activities or intentions to access supply chains and customers.

The top 3 export engaged industries:

  • Manufacturing (34%)
  • Wholesale distribution (17%)
  • Professional and business services (15%)

The 5 largest export markets:

  • The United States (92%)
  • The United Kingdom (25%)
  • Mexico (21%)
  • China (17%)

Halton exporters are strong performers. Almost half of exporters were expecting to see increased profits this year and over a third anticipated hiring additional staff. Halton exporters are also more innovative with 49% making productivity investments over the past year and 82% planning productivity investments in 2017.

Multinationals

Halton is helping local companies take advantage of international markets, scale-up and go global! In partnership with The Ontario Ministry of International Trade, we are presenting Ontario’s AIM “Accelerate to International Markets” Program on June 27 and 28 in Burlington. This program will provide the opportunity to learn about market research, entry strategies, mitigating risk, and logistics. In addition, exporting experts from the The Ontario Ministry of International Trade will be available to speak to one-on-one with participants. Please click here to register.

We’re here to help. Contact us for assistance in expanding your business in Halton Region, or for additional information on the Halton economy. Explore our Resource Library to view a variety of reports, publications and videos.  For more detailed statistics and historical trends, visit our Data Centre.

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This entry was posted in Data Insights, Economic Development, exporting, Global Business Centre, Uncategorized and tagged , , . Bookmark the permalink.

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