Women and Global Trade
The Obama Administration is committed to boosting global trade for women entrepreneurs and business owners. They also want to create new export opportunities for them. Here’s why:
- Pay more. Average pay at women-owned exporters is approximately 1.6 times higher than average pay at non-exporting female-owned businesses. This “exporter premium”—the amount by which exporters pay more than non-exporters—is larger than the equivalent premium for male-owned businesses, suggesting that increasing export participation by women-owned businesses may be one route to higher middle-class incomes.
- More productive. Women-owned businesses that export are, on average, over 3.5 times more productive than women-owned businesses that do not export. In addition, women-owned exporters are also about 1.2 times more productive on average than male-owned exporters.
- Hire more. Women-owned businesses that export employ an average of 42 people, compared to just 8 employees on average at their non-exporting counterparts.
- Earn more. Women-owned businesses that export report average sales of $16.3 million, compared to $816,000 in average sales for women-owned businesses that do not export.
WEGG will play a major role in raising the number of women exporters.
To learn more about the Obama Administration’s mission to encourage women to participate in the U.S. and global economy, visit: Women and Trade
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