Department of State Development

The United States of America (US) is South Australia’s second-largest merchandise export and import market. It is also the state’s largest source of foreign direct investment, with companies like Boeing, HP Enterprise and Solar Reserve setting up within South Australia.

South Australia has an opportunity to leverage the Australia-United States Free Trade Agreement (AUSFTA), with 96.1 per cent of all Australian exports to the region now tariff-free.

The Agreement, which came into effect on 1 January 2005, represented a landmark in improving Australia’s trade and investment relationships with the world’s largest and richest economy.

With 50 states in the US all with their own purchasing habits and regulations, South Australian companies have the opportunity to tap into and learn about the size and complexity of doing business with the region.

The South Australian Government is investigating opportunities to establish a trade and investment office in the US that will support the development of a closer working relationship with the country. The office is expected to provide a deeper understanding of the many different geographic and demographic consumer markets within the US.

 

Opportunities in the US by region

Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island and Vermont

Known as a global capital hub and located along the coast of the Atlantic Ocean, the region starts in New York and continues to the Canadian border.

Boston in Massachusetts is the second largest city and home to prestigious schools such as Harvard University and MIT while New York with its large population, is recognised as a global financial hub and has 50 Fortune 500 companies headquartered in New York State.

Sector opportunities

  • Advanced manufacturing
  • Agribusiness
  • Fashion
  • Renewable energy
  • Fintech
  • Medtech
  • Infrastructure

Delaware, Maryland, New Jersey, Pennsylvania and Washington DC

Stretching from Washington DC to New Jersey in the north, the region is known for defence, communications and pharmaceutical companies. Washington DC focuses mainly on government services, engagement and functions.

Sector opportunities

  • Digital technologies
  • Advanced manufacturing
  • Agriculture and biotech
  • Clean energy
  • Information technology
  • Defence and government
  • Medtech

Arizona, Oklahoma, New Mexico and Texas

South Australia’s Sister-City of Austin in Texas falls into the south-west region of the US – a global leader in energy and chemicals.

Texas has more than 50 Fortune 500 companies and leads the US in petroleum refining and chemical production. Manufacturing has become important in Arizona and Texas in electrical, communications, aeronautical, automotive assembly and aluminum industries.

Sector opportunities

  • Resources and energy
  • Medtech
  • Biotech
  • Cyber security
  • Agribusiness

Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia and West Virginia

A major commerce centre attracting foreign investment, the south region of the US has low regional costs, generous state incentive packages and low unionisation of workers. Large manufacturing facilities of large transportation companies include Airbus, Gulfstream Aerospace Corporation and GE Aviation.

Key sectors in the region include agriculture, manufacturing and tourism.

Sector opportunities

  • Resources and energy
  • Medtech
  • Biotech
  • Cyber security
  • Agribusiness
  • Aviation/aerospace

Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Ohio and Wisconsin

With 32 Fortune 500 companies, including Boeing and McDonald’s, the mid-west is referred to as the nation’s breadbasket with its abundant oats, wheat and corn.

 

Sector opportunities

  • Advanced manufacturing
  • Agribusiness and food
  • Medtech
  • Digital technology
  • Pharmaceuticals

Alaska, California, Colorada, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington and Wyoming

The west is a global technology hub and California has become a world leader in the manufacturing of computers and electronics and has Walt Disney, Apple and Google amongst its Fortune 500 companies.

Following the establishment of Silicon Valley in the late 1970s the region has become a world leader in the manufacturing of computers and electronics. It also remains the primary location for information and communications technology and has 53 Fortune 500 companies.

Sector opportunities

  • Digital technology
  • Cyber security
  • Renewables
  • Advanced materials
  • Agribusiness
  • Premium wines

Want to know more?

South Australia – USA and North East Asia Engagement
Wayne Emery
Director
Phone +61 8 8303 2433
Email wayne.emery@sa.gov.au