S.C. Exports Up 21 Percent, 14th Best in U.S.
$24.6 billion in goods sold to 198 countries
Photos
South Carolina exported more than $24 billion in goods during 2011, signaling a 21 percent increase in exports since 2010.
Gov. Nikki Haley announced Tuesday that the state exported $24.6 billion in goods to 198 countries.
South Carolina's 21.4 percent growth over 2010 ranked 14th nationally.
“This is great news for South Carolina," Haley said in a release. "We will continue to work on improving and modernizing our ports system, which plays a key role in bringing companies from around the globe to our great state."
Industries that saw the most signficant increase in exports included vehicles at 52 percent, cotton and yarn fabric at 50 percent and electrical machinery at nearly 25 percent.
South Carolina also passed Michigan as the state exporting the most automobiles to the world, according to Haley's release.
South Carolina ranked first among U.S. states in tire exports, holding nearly 30 percent of the share of U.S. made exported tires.
Germany, Canada and China were the top buyers of South Carolina exports during 2011. Other important export countries included Mexico, the United Kingdom, Brazil, Japan and Saudi Arabia.
Joe
3:36 pm on Tuesday, February 28, 2012
well done Governor.
stanley seigler
9:30 pm on Tuesday, February 28, 2012
@Joe: "well done Governor."
indeed a well done...oh/and
BTW/FYI
2011 USA: exports of $2,103.1 billion.
December 2010 to December 2011. USA: Exports were up $14.8 billion, or 9.0 percent.
http://www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm
well done BO.
Dee Marie
7:25 am on Wednesday, February 29, 2012
Exactly!
stanley seigler
10:50 pm on Tuesday, February 28, 2012
PS
hope the balance (exports v imports) is better for SC than USA which is still not positive...but getting there...trend is positive. again;
thanks BO.
John H
8:44 pm on Wednesday, February 29, 2012
The experts in global economy have been indicating a positive inclination although not fully realized in the export/import trade numbers. The "cheap" laborers abroad are demanding higher wages. Shipping costs are rising due to the increase in fuel costs. These factors are affecting corporation decision makers to keep jobs here and even reshore those lost. (Except Bose lately). Best economic news in years. Need to keep this trend moving forward.