2nd Quarter 2014



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Trade Report continued

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The continuing surge in passenger-vehicle exports remains the state's main export story. The third quarter began with a 12% increase in the state's foreign shipments, led by cars. The dangers of over-reliance on one industry sector are obvious, but for now Tennesseans can enjoy the ride.

 

TENNESSEE'S LARGEST EXPORT SECTORS

Value of Exports

Change over Year

Change over
Quarter
Medical Equipment
$892,061,960
-1.1%
5.0%
Motor Vehicles
$731,227,556
82.7%
-2.2%
Motor Vehicle Parts
$683,340,843
-9.4%
1.4%
Computer Equipment $590,735,856 19.4% 5.7%
Basic Chemicals $573,090,124
6.1%
7.0%
Synthetic Fibers and Filament
$475,808,124
-8.2%
1.1%
Instruments for Guidance, Control, etc. $391,696,807 0.7% 4.1%

GREATEST EXPORT GROWTH AND DECLINE*

Value of Exports
Growth %
Decline %
GREATEST GROWTH
Unwrought Aluminum
$12,431,438
151.1
Styrene Polymers (in primary forms)
$19,514,118
99.6
Organic Cleaning Agents
$15,518,401
94.5
Passenger Cars
$732,261,419
85.7
Precious Metal Waste and Scrap
$38,820,487
77.3
       
GREATEST DECLINE
Photovoltaic Cells & Panels
$5,579,160
 
-81.1
Kaolin Coated Paper and Paperboard
$2,926,781
 
-80.9
Charitable Goods
$3,774,749
 
-76.6
Synthetic Filament Yarn
$15,150,847
 
-54.5
Fabrics Woven from Synthetic Filament
$8,944,194
 
-51.2
*among Tennessee's top 100 exported goods

FASTEST-CHANGING DESTINATIONS*

Value of Exports
Growth %
Decline %
GREATEST GROWTH
Romania
$7,964,468
169.5
Greece
$8,158,528
132.9
Norway
$6,575,466
132.3
Trinidad and Tobago
$14,884,171
111.5
Jordan
$9,574,732
92.5
       
GREATEST DECLINE
Luxembourg
$1,380,647
 
-90.2
Pakistan
$4,145,623
 
-70.2
Bangladesh
$2,525,352
 
-61.0
Honduras
$13,203,906
 
-53.3
Panama
$10,491,515
 
-47.7
*among countries averaging > $5m sales/quarter