Women entrepreneurs are one of the fastest growing segments of the Canadian economy and represent a growing economic force. In fact:
- 47% of all small and medium-sized enterprises (SMEs) in Canada have at least one female owner.
- 6.9% of women entrepreneurs in Canada are exporters.
- Active Canadian women exporters generate close to 40% of their sales in foreign markets.
- Women-owned firms do business with Canada's most important trading partners. The U.S. is the dominant market where 74% of exporters are making sales. Sixty percent of exporters report activity in Asia and 58% sell in Europe.
- Active women exporters have an average 15 years of industry experience. Over 70% have a college or university degree. Close to 30% speak more than one language.
- Thirty percent of women exporters began to export at business start-up and 55% made their first foreign sale within two years of launching the business.
- Sixty-two percent of women service exporters export more than one service and 48% export training services.
- On average, women export services to 7 markets, with the U.S. representing the first export market for 83% of women.
- Eighty-three percent of women service exporters contract regularly with partners.
- Fifty-five percent of women service exporters have annual revenues of less than $0.5 million.
Sources: Beyond Borders - Canadian Businesswomen in International Trade report, Services to Global Markets: A Profile of Women Who Export Services report and Key Small Business Statistics, Industry Canada, January 2005.
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