2nd Quarter 2013

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The one exception was Southeast Asia, in particular Singapore. Thanks to large increases in aircraft and medical sales, state exports to Singapore were up by nearly $100 million, a 58% gain (to $249 million). This was by far the best performing of any of the state's significant markets. The other Southeast Asian markets, though much smaller, also did well. A big boost in cell phone shipments led to a sizable gain in the Philippines, while Thailand, Malaysia, and Indonesia increased their imports of Tennessee goods.

With this one regional exception, state exporters found themselves in the unusual situation of having nowhere to turn. Pretty much across the globe, exports were not growing. Most seriously, the value of the state's shipments to Canada, by far the state's largest market, continued to drop. Though the state is continuing to eke out small quarterly export gains, Tennessee exporters badly need more global growth. Without it exporting, and the economic growth that goes with it, seems to have plateaued.

TENNESSEE'S LARGEST EXPORT SECTORS

Value of Exports

Change over Year

Change over
Quarter
Medical equipment
$902,954,211
11.0%
0.3%
Motor vehicle parts
$753,943,383
1.4%
1.7%
Basic chemicals
$539,811,302
-2.3%
2.3%
Computer equipment $494,693,342 -13.4% -9.4%
Motor vehicles $400,508,007
-3.3%
-33.0%
Synthetic fibers & filament
$518,369,673
14.5%
22.5%
Instruments for guidance, control, etc. $388,512,880 0.4% 2.9%


GREATEST EXPORT GROWTH AND DECLINE*

Value of Exports
Growth %
Decline %
GREATEST GROWTH
Photosensitive semiconductor devices
$29,162,563
1,814.7
Air conditioning motors > 75kw
$20,832,831
1,092.3
Nonwovens between 70 & 150 g/square meter
$50,775,247
417.0
Nonwovens between 25 & 70 g/square meter
$27,168,791
178.0
Artificial body parts (excluding joints)
$22,360,488
141.0
       
GREATEST DECLINE
Precious metal scrap & waste
$4,613,014
 
-85.5
Fructose
$5,377,802
 
-68.3
Computer accessories
$30,727,668
 
-64.7
Video game consoles
$10,361,965
 
-64.2
Polymer propylene sheets
$6,911,832
 
-57.2

*among Tennessee's top 100 exported goods


FASTEST-CHANGING DESTINATIONS*

Value of Exports
Growth %
Decline %
GREATEST GROWTH
Luxembourg
$14,098,531
2,435.8
Portugal
$11,480,791
165.5
Turkey
$80,014,856
98.5
Poland
$23,233,035
88.3
Egypt
$12,956,973
86.3
       
GREATEST DECLINE
Iraq
$2,435,308
 
-67.5
Ukraine
$5,136,072
 
-64.5
Bahrain
$7,991,929
 
-46.8
Venezuela
$12,966,910
 
-44.4
Qatar
$11,962,743
 
-37.1

*among countries averaging > $5m sales/quarter


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