Ohio merchandise exports set record in 2013
The International Trade Administration (ITA) reports Ohio merchandise exports increased 3.9 percent from 2012 to 2013.
The organizations says exports grew to a record high $50.5 billion.
“Big export sales means more revenue which translate into economic growth and jobs for the Ohio,” said Marcia Brandstadt, Director of the U.S. Commercial Service in Cincinnati. “There is a great potential for more exporting—particularly among smaller businesses that have yet to sell abroad."
In a news release the ITA says:
“This data shows that more and more Ohio companies are growing their businesses and strengthening our economy by selling their top-quality goods to consumers around the globe,” said U.S. Secretary of Commerce Penny Pritzker. “Exports continue to be an important driver for both the U.S. and Ohio economies. This data confirms that President Obama’s call for increasing our exports and ensuring that trade and investment become part of our economy’s DNA is the right course for Ohio.”
Ohio’s merchandise export sales in 2013 outpaced the 2012 figures in many top destinations, including: Russia (+116 percent); Saudi Arabia (+95 percent); Malaysia (+50 percent); the United Arab Emirates (+47 percent); and Indonesia (+39 percent). Key merchandise export categories include: transportation equipment; machinery manufactures; chemicals; computer and electronic products; and fabricated metal products.