Minnesota exports top $5B, up 2 percent in Q1 - Bring Me The News

Minnesota exports top $5B, up 2 percent in Q1

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Minnesota exports were up 2 percent in the first quarter of 2014 compared to the same quarter a year ago, according to the Minnesota Department of Employment and Economic Development.That's slightly less than U.S. growth of 2.6 percent.

The exported Minnesota-made goods included manufactured, agricultural and mining products. The state’s exports topped $5 billion in the first three months of this year.

Minnesota exported more to Canada than any other nation, $523 million worth of goods.

A 49 percent increase in exports to Mexico helped boost the first-quarter numbers. Other top countries include China, Japan, Belgium and Germany.

Machinery was Minnesota’s biggest exported product. Minnesota saw a 29 percent jump in meat exports, driven by an increased demand for pork products in Japan and Mexico.

Minnesota saw a 34 percent drop in the export of computer products, while aircraft and spacecraft exports were down 33 percent.

Export growth to Israel (up 29 percent to $26 million) was largely due to calculating machine parts, while export growth to the United Arab Emirates (up 31 percent to $33 million) was largely due to specialized machinery, pumps and specialized vehicles, state officials report.

Click here (pdf) for a more detailed look at what types of products Minnesota is exporting.

Exports grew for more than half of U.S. states in the first quarter:

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