Home » Kentucky one of 29 states to hit record export levels in 2012

Kentucky one of 29 states to hit record export levels in 2012

Contributed to record-setting $2.2 trillion year for U.S. exports; jobs supported by U.S. exports increased to 9.8 million

WASHINGTON (Feb. 26, 2013) — New state export data that shows 29 states, including Kentucky, set new records for export sales in 2012, according to Rebecca Blank, U.S. Deputy Secretary of Commerce.

boxesIn total, 35 states achieved merchandise export growth in 2012, and 20 of those states experienced growth of at least five percent or more.

Kentucky set an all-time record in 2012, with $22 billion in sales of Kentucky-made products and services. With exports to 199 nations, the record represents a 10-percent growth from 2011, more than double the U.S. average growth rate of 4.5 percent.

Kentucky-made motor vehicles and parts topped the chart with $4.4 billion in export sales. Aerospace products and parts were second, with $3.8 billion, while resin/synthetic rubber came in third, accounting for $1.4 billion in exports.

Kentucky’s top trading partner once again is Canada, with $7.3 billion in products and services, with Mexico ($1.7 billion), United Kingdom ($1.5 billion), Japan ($1.3 billion) and Brazil ($1.15 billion) rounding out the top five. To further expand trade opportunities with its leading trade partner, the Kentucky Export Initiative will lead a four-day international business trade mission to Toronto in June.

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Total merchandise exports from all 50 states helped contribute to the record-setting value of goods and services exports in 2012, which reached $2.2 trillion. Nationally, jobs supported by exports increased to 9.8 million in 2012, up 1.3 million since 2009. This puts the country ahead of schedule to meet President Barack Obama’s goal of adding two million export-supported jobs by the end of 2014.

“The increase in state exports in 2012 demonstrates that U.S. businesses are carving out a new global market share for their innovative products and services, despite facing economic headwinds worldwide,” Blank said. “As President Obama emphasized in his recent State of the Union address, the Administration is committed to giving businesses all the tools they need to expand their exports — including negotiating new trade agreements — order to support jobs across the United States. The 2012 state export data shows just how important our efforts to support U.S. exporters are to local economies.”

Eleven states achieved double-digit export growth in 2012 as compared to 2011. Those states include: New Mexico (+42 percent); Arkansas (+36 percent); Nevada (+28 percent); North Dakota (+26 percent); West Virginia (+26 percent); Washington (+17 percent); Wyoming (+17 percent); Louisiana (+15 percent); Michigan (+12 percent); Colorado (+11 percent); and Kentucky (+10 percent.) These 11 states provided an extra boost to United States exports, with states such as New Mexico ramping up its export sales to its largest market, Israel, by 193 percent. Arkansas increased exports to its fourth leading market, France, by 117 percent. Colorado also boasted a 63 percent leap in exports to Brazil, as well as 20 percent growth in exports to Turkey. Exports from West Virginia to South Korea increased 61 percent.

Nationwide, 2012 U.S. merchandise exports to countries with which the United States has a trade agreement outpaced other markets nearly two to one. This included exports to: Oman (+22 percent); Panama (+20 percent); Costa Rica (+19 percent); Chile (+18 percent); Jordan (+18 percent); Colombia (+14 percent); Australia (+13 percent); Peru (+12 percent) and Mexico (+9 percent).

More information about individual state contributions to national exports is available through the International Trade Administration’s Office of Trade and Industry Information web page, which includes individual fact sheets for all 50 states.

An interactive map with national and state merchandise trade data is available here.

More information about Kentucky exports, visit www.KYExports.com.