MERIC NEWS LETTER

Missouri Exports on Track to Set New Record

Missouri's exports through the second quarter of 2005 were up by nearly eleven (10.96) percent compared to the same period in 2004 according to World Institute for Strategic Economic Research (WISER).

Through the end of June 2005, exports by Missouri companies totaled $5.1 billion, compared to $4.6 billion after the second quarter of 2004. This is particularly good news for the state's businesses because Missouri set a record for exports in 2004 with $9 billion in total global sales. These second quarter 2005 figures put the state on track to top that mark this year.

Eight of Missouri's top ten export product categories increased global sales in the second quarter of 2005, including Agricultural Products (+70.1 percent), Electrical Equipment (+26.3 percent), Primary Metal Manufacturing (+24.8 percent), Machinery (+18.4 percent), Plastics and Rubber Products (+14.5 percent), Transportation Equipment (+13.8 percent), Fabricated Metal Products (+8.4 percent), and Food Products (+8.2 percent).

Top product areas with decreases include: Computers and Electronics (-8.2 percent), and Chemicals (-3.3 percent).

 

Read the Missouri Department of Economic Development Press Release.

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