Although the state government's operations might be temporarily reduced
to a simmer, it seems that Minnesota's exports are at full boil.
According to the
Minnesota Department of Employment and Economic Development
(DEED), the state's exports of manufactured, agricultural and mining
products grew 13 percent in the first quarter, compared to the same
period a year ago. Overall, state exports were a record $4.8 billion for
the quarter.
The most dominant export category proved to be
manufactured products, bringing in $4.4 billion of total sales, which is
a 12 percent increase over last year.
"Minnesota exports
continue to be strong, generating more business for companies and
contributing to job growth statewide," said DEED Commissioner Mark
Phillips in a press release announcing the news. He added that exports
to nine of the state's top 10 markets expanded from a year ago, and
sales for most of Minnesota's products and commodities grew as well.
Canada
remains Minnesota's largest customer, accounting for $1.3 billion in
exports in the quarter, up 16 percent from a year ago. Other top markets
include China, Japan, Mexico, Germany, and South Korea. Growth in Asia
was particularly significant, with exports to China increasing by 35
percent.
Despite the record export growth, the Minnesota Trade
Office believes that many small- to mid-sized businesses could be doing
even more to bring their products and services to non-Minnesota
customers. In a statement, the Trade Office's Executive Director, Katie
Clark, noted that Minnesota must focus on selling its products to the
global marketplace.
Source: Minnesota Department of Employment and Economic Development
Writer: Elizabeth Millard