“According to the latest data on activities of U.S. multinationals, in 2018, 12% of the sales of U.S. foreign affiliates went to U.S. parent companies, while 58% of sales went to the local market of the host country and 30% went to other foreign countries. However, some firms may also establish operations abroad to replace exports or production, or to gain access to raw materials or less expensive labor abroad. Foreign firms may invest in the United States to access the U.S. consumer market, high-skilled labor, and other resources (CRS 2021).”