Exports to Europe grew 14 percent to $1.4 billion
5/30/2019 9:56:43 AM
Shane Delaney 651-259-7236
ST. PAUL – Minnesota exports grew to $5.4 billion, representing growth of 1.5 percent between the first quarters of 2018 and 2019, according to a report released today by the Minnesota Department of Employment and Economic Development (DEED). U.S. exports grew 1.4 percent during the same period.
Minnesota exports grew to markets within Europe (up 14 percent) and North America (up 4 percent), but fell within Asia (down 8 percent) and Central and South America (down 1 percent).
“When our exporters succeed around the world, they grow our state’s economy, create jobs and build global reputations for our homegrown brands,” said Governor Tim Walz.
“Even within an uncertain and challenging trade environment, Minnesota businesses continue to pursue their export strategies, expanding their reach into world markets,” said DEED Commissioner Steve Grove. “Minnesota continues to strengthen its business relationships in countries around the world.”
Canada ($1 billion) and Mexico ($621 million) were the state’s two largest export markets in the first quarter of 2019, with Mexico generating the largest gain in value among all markets. Other export market leaders were China ($606 million), Japan ($353 million), Germany ($310 million), Korea ($247 million), the United Kingdom ($161 million), Belgium ($142 million), Singapore ($141 million), and France ($129 million).
Optics and Medical goods led the list of top exported products, with $1.1 billion in exports, representing an increase of 6 percent between the first quarters of 2018 and 2019. Other top exports were machinery ($879 million), electrical equipment ($728 million), plastics ($361 million), vehicles ($305 million), pharmaceuticals ($163 million), food by-products ($139 million), aircraft and spacecraft ($115 million), stone, plaster and cement ($96 million) and iron and steel products ($87 million).
The full first quarter report is available on DEED’s website at Export and Trade Statistics .
DEED is the state’s principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development. For more details about the agency and its services visit the DEED website or follow DEED on Twitter .
Upon request, this information can be made available in alternate formats for people with disabilities by contacting the DEED Communications Office at 651-259-7161.