2nd Quarter 2012

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Tennessee International Trade Report

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In sum, the half-full read is that Tennessee posted a $567 million increase in exports for the second quarter. If not as high as the $billion+ performances of the second quarters of 2011 and 2010, in the face of a struggling world economy this is nothing to sneeze at. The half-empty read is that we should be concerned about the narrowing sources of continued export growth in the quarters ahead. A few sneezes we can live with. The worry is not to catch anything more serious.

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Tennessee's Largest Export Sectors

 
Value of Exports

Change over
Year

Change over
Quarter
Medical equipment & supplies
$816,270,646
4.4%
3.8%
Motor vehicle parts
$743,100,645
6.4%
6.8%
Computer equipment
$569,415,026
17.8%
-3.1%
Basic chemicals $553,039,733 3.4% -6.7%
Resins, synthetic rubber, & fibers $453,161,650
0.4%
7.8%
Motor vehicles
$414,407,477
146.8%
1.3%


Greatest Export Growth and Decline*

 
Value of Exports
Growth %
Decline %
GREATEST GROWTH
Diesel cars with 1,500-2,500 cc engines
$39,225,100
11,459.5
Ash containing precious metals
$12,729,887
536.5
Computer parts
$86,993,342
253.4
Miscellaneous computer accessories
$29,731,265
237.8
Cars with engines over 3,000 cc
$175,165,373
215.1
       
GREATEST DECLINE
Computer systems
$5,145,972
 
-75.8
Mobile phones
$11,434,890
 
-66.3
Bulldozers
$6,580,522
 
-57.2
Self-propelled front-end shovel loaders
$7,893,390
 
-50.9
Motor vehicle body parts
$65,840,334
 
-50.4

*among Tennessee's top 100 exported goods


Fastest-Changing Export Destinations*

 
Value of Exports
Growth %
Decline %
GREATEST GROWTH
Oman
$26,906,707
367.9
Bahrain
$15,036,465
204.1
United Arab Emirates
$147,857,300
179.1
Hungary
$13,422,540
166.0
Qatar
$19,106,383
105.0
       
GREATEST DECLINE
Afghanistan
$633,317
 
-96.4
Morocco
$5,631,543
 
-52.8
Thailand
$40,996,576
 
-47.0
El Salvador
$10,960,345
 
-45.9
Philippines
$36,868,884
 
-45.6

*among countries averaging > $5m sales/quarter

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