Friday, August 17, 2012, 09:28 GMT+7

Thirty-Four U.S. States Achieved Record Exports during First Half of 2012

Recently-released trade data show that 34 U.S. states achieved record high merchandise exports during the first half of 2012. These states were Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Washington, West Virginia, Wisconsin and Wyoming.
Recently-released trade data show that 34 U.S. states achieved record high merchandise exports during the first half of 2012. These states were Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Washington, West Virginia, Wisconsin and Wyoming. Texas remains by far the largest exporting state with a 16.9% share of total U.S. merchandise exports during January-June 2012, followed by California (10.6% share), New York (5.4%), Washington (4.5%), Illinois (4.5%), Florida (4.3%), Louisiana (3.7%) and Michigan (3.7%). On the other hand, Hawaii, Wyoming, South Dakota, Montana and Rhode Island were the states with the fewest exports during January-June 2012. Merchandise exports from Texas grew the most in absolute dollar terms during the first half of this year, up by $9.2 billion to $130.8 billion. Washington registered a $4.8 billion increase to $35.1 billion while California (up $4.6 billion to $82.0 billion), Illinois (up $3.6 billion to $35.1 billion) and Michigan ($3.1 billion to $28.3 billion) followed. The best performers during the first half in terms of percentage growth included the District of Columbia (162.1%), New Mexico (63.4%), Nevada (39.2%), Arkansas (36.2%), West Virginia (31.1%), Mississippi (25.3%), Wyoming (24.1%), North Dakota (23.9%), Iowa (22.1%), Washington (16.0%) and Alabama (15.9%). Conversely, exports from Hawaii (-29.7%), New Hampshire (-18.6%), Maine (-16.3%) and Idaho (-9.6%) were especially lethargic during the first half. U.S. exports of transportation equipment were particularly lively during January-June 2012, with shipments from Washington (up $4.9 billion), Michigan (up $2.3 billion), Texas (up $2.2 billion), Ohio (up $1.1 billion) and California ($1.0 billion) leading the way. Overall, U.S. exports of transportation equipment increased by $17.5 billion during the first half and accounted for one-third of the dollar growth in U.S. merchandise exports. A press release by the U.S. Department of Commerce states that total merchandise exports from all 50 states contributed to a record $2.1 trillion in goods and services exports last year, which supported 9.7 million jobs.
(According to BEA)
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