Of the 4,842 total middle market firms in New Jersey, 406 are engaged in exporting, which make up 8 percent of the state’s middle market firms according to the Middle Market Power Index: Taking the Global Stage from American Express and Dun & Bradstreet.
The second report, based on Dun & Bradstreet’s proprietary database of commercially-active US firms, explores the characteristics of U.S. middle market companies (defined as businesses generating between $10 million and $1 billion in revenues) engaged in exporting their products and services.
Nationally, there are more than 136,000 middle market firms with 7,066 engaged in exporting, accounting for 5 percent of middle market firms. The New York and Philadelphia metro areas both rank as AVERAGE among the top 25 most populous metro areas for the share of middle market firms exporting, with 6 percent and 5 percent of total middle market firms engaging in exporting, respectively.
Below is a table comparing New Jersey’s, New York’s and Philadelphia’s number of exporting middle market firms to national data:
|Total number of middle market firms||Number of middle market firms that export||Share of exporting firms|
|New York, NY-NJ||6,059||378||6%|