Many of state’s core industries experience strong growth

Minnesota exports grew to $5.7 billion in the third quarter

Sales of Minnesota agricultural, mining and manufactured exports grew 6.5 percent to $5.7 billion in the third quarter of 2018, according to figures released today by the Minnesota Department of Employment and Economic Development (DEED).

Minnesota represents the 19th largest gain in exports nationwide for this period. U.S. exports as a whole were up 8.1 percent during the same period.

“Many of the state’s core industries continue to experience strong export growth,” said DEED Commissioner Shawntera Hardy. “Minnesota businesses are also succeeding at making inroads into newer emerging markets.”

Demand in Asia and Europe drove export growth in regional markets. Exports to Asia grew 13 percent to $2.1 billion, and exports to Europe grew 9 percent to $1.2 billion.

Canada was the largest export market ($1.2 billion, up 5 percent). Other top 10 markets were:

• China ($671 million, up
9 percent),
• Mexico ($610 million,
down 7 percent),
• Japan ($406 million, up
8 percent),
• Germany ($282 million,
up 14 percent),
• Korea ($262 million, up
28 percent),
• Singapore ($152 million,
up 2 percent),
• Belgium ($148 million,
down 2 percent),
• Philippines ($148 million, up 18 percent), and
• United Kingdom ($139
million, up 1 percent).

Sales of optic/medical
goods were the largest
at $1.1 billion and grew
10 percent. Other top 10
products were:
• machinery ($896 million, up 9 percent),
• electrical equipment
($769 million, up 10 percent), • plastics ($392 million,
up 7 percent),
• vehicles ($372 million,
up 1 percent),
• ores/slag/ash ($205 million, up 42 percent),
• food by-products ($167
million, up 33 percent),

• pharmaceuticals ($136
million, up 31 percent),
• aircraft/spacecraft ($105
million, down 19 percent),
and
• stone/plaster/cement
($94 million, up 5 percent).

The third quarter 2018 export report can be seen at the DEED export and trade statistics website (mn.gov/deed).

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.

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