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North Dakota Exports Up 26% in 2012

ND Has Fourth Highest Export Growth Rate in the Nation

North Dakota’s exports increased from $3.39 billion in 2011 to $4.29 billion in 2012, a 26% increase over 2011, with total US exports increasing 4.5% over the same period. With a 26% increase, North Dakota had the 4th highest annual export growth rate compared to other states. The top five ND exports in 2012 included mineral fuel and oil products ($1.37 billion, a 60% increase from 2011), self-propelled dozers ($426 million, a 6.5% increase from 2011), agricultural tractors ($275 million, a 14% increase from 2011), soil-related agricultural equipment ($172 million, an 18% increase from 2011) and wheat ($164 million, a 15% decrease from 2011).

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Press Release: Legacy Steel Buildings, Trade Acceptance Group Receive Global Business Awards

BISMARCK, N.D. – Legacy Steel Buildings, a manufacturer of pre-engineered steel buildings headquartered in Fargo, ND, was named North Dakota’s 2012 Exporter of the Year on Tuesday.  Trade Acceptance Group (TAG), a financial services company that provides trade finance solutions, received the 2012 Service Provider of the Year award.  Gov. Jack Dalrymple presented the awards during the Global Business Awards ceremony at the Global Business Connections conference, the annual international business event hosted by the North Dakota Trade Office (NDTO).

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BND, Ex-Im Bank Launch Export Enhancement Program

The Bank of North Dakota has launched the Export Enhancement Program, a new agreement with the Export-Import Bank of the U.S. (Ex-Im Bank) which enables BND to make medium-term guaranteed loans.  The program, which is expected to increase state exports, will be presented by Bob Humann of BND and Curt Hanson of Trade Acceptance Group during the Global Business Connections conference on February 19.

Click here to learn more about the Export Enhancement Program

 

Press Release: 2013 Global Conference Draws Area Exporters, International Business Experts

Feb. 19 event to be moderated by former Global President of the Entrepreneurs’ Org., Troy Hazard

BISMARCK, N.D. – North Dakota businesses and international trade professionals from around the world will have the opportunity to connect at Global Business Connections 2013, hosted by the North Dakota Trade Office on Feb. 19 at the Ramkota Hotel, Bismarck.  The event will consist of educational breakout sessions, a panel discussion with leading business professionals, a networking reception and a keynote address provided by international entrepreneur and business television correspondent, Troy Hazard.  Additionally, Gov. Jack Dalrymple will present the 2012 Global Business Awards during a special ceremony.

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New IBR Members Join NDTO

NDTO is excited to introduce a number of new International Business Resource (IBR) members for 2013!  These companies have extensive expertise in international business and are available to assist your exporting process.  Whether it’s legal advice, shipping or banking, NDTO IBR’s can offer a helping hand to make your international business transaction run smoothly.

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State of the Global Economy Trade Talk Helps Prepare ND Companies for 2013

Sixty exporters and local business professionals got a candid glimpse into the 2013 economic forecast during the State of the Global Economy Trade Talk, held Jan. 9 in Fargo.  Aryam Vazquez, an international economist with Wells Fargo, led the discussion and answered questions from attendees.  Vazquez said, overall, global economic activity will remain slow in 2013 but trends point toward increased activity in 2014.  Additionally, expansion in the U.S. will continue at a subpar pace while emerging markets (EM’s) will continue to drive global growth, increasing their contribution to world output.

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Ukraine’s Grain Alliance Turns to ND for Ag Needs

North Dakota exporters have had the opportunity to work with some of the largest farmers in the world.  Many of these international farmers see North Dakota as ‘one-stop-shopping’ for all of their agriculture needs, from equipment, to seed, to storage, to education and beyond.  One such example is Alex Oronov, founder and president of Grain Alliance, a 50,000 hectare operation in Ukraine who has purchased over $5 M in North Dakota products since 2009.  When asked why he always returns to ND, Oronov’s CFO, Eugene Radovenyuk, said:

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NDTO 1st Qtr 2013 Calendar

As we all look toward an eventful 2013, NDTO would like to share our schedule of trade missions, trade trips and educational events for the first quarter of the year.  Our companies will be traveling around the word to Brazil, Uruguay, Kazakhstan, India and China, and we would like to extend the invite to all interested exporters.  All trips are eligible for financial assistance through STEP ND.

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International Students Big Business in North Dakota

Foreign Students have added $65 million in revenue to North Dakota in 2012, according to the Open Doors 2012 report by the Institute of International Education. Chinese students account for the largest number of international students in North Dakota, followed by Canada, India, South Korea and Nepal.

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NDTO’s Larry White Receives Angus Association Award

Larry White, international agribusiness manager for the North Dakota Trade Office (NDTO), received the North Dakota Angus Association’s President’s Award on Nov. 17 for his work with Angus cattle and promotion of North Dakota livestock across the globe.   The President’s Award is given by the North Dakota Angus Association (NDAA) to a person in or involved with the association who has made a lasting impact on the breed in North Dakota.

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