4th Quarter 2011

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Tennessee International Trade Report

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Software sales were up over 50%, to $85 million. Industrial machinery and particularly agricultural machinery had strong quarters. Cotton, on the other hand, still falling from record-high prices, had a difficult quarter. It lost $26 million from the previous year, a 12% decline. The printing industry joined cotton and pharmaceuticals in the relatively small group of Tennessee industries that struggled in the fourth quarter.

The performance of Tennessee exporters this past quarter is evidence of continuing difficulties in the global economy. Though the state did well in South America and in a few emerging markets (such as Turkey), the economic slowdown in China, southeast and southern Asia, and especially Europe created some difficult headwinds. The state had to rely on robust growth in North America for the quarter's solid export numbers. State exporters might feel a little more confident when economic growth returns to these other markets.   [home]


Tennessee's Largest Export Sectors

 
Exports

Change over
Year

Change over
Quarter
Medical equipment & supplies
$753,367,154
2.7%
-1.4%
Motor vehicle parts
$678,985,455
3.6%
1.5%
Computer equipment
$627,628,120
37.8%
35.6%
Basic chemicals $513,761,051 3.6% -12.0%
Precision instruments $387,064,743
27.1%
19.1%
Resins, synthetic rubber & fibers
$370,115,898
-1.0%
-16.3%


Greatest Export Growth and Decline*

 
Value of Exports
Growth %
Decline %
GREATEST GROWTH
Precious metal waste & scrap
$49,038,283
389.7
Titanium (including waste & scrap)
$14,177,570
254.1
Tractors
$12,439,151
196.3
Aluminum plates > 2 mm thick
$74,812,487
176.8
Commercial trucks
$83,536,283
152.9
       
GREATEST DECLINE
Special purpose vehicles
$6,592,423
 
-67.0
Electronic circuitry parts
$3,234,001
 
-66.6
Blood products & vaccines
$17,110,583
 
-61.1
Miscellaneous printed matter
$10,672,424
 
-57.8
Wood
$6,350,575
 
-49.9

*among Tennessee's top 100 exported goods


Fastest-Changing Export Destinations*

 
Value of Exports
Growth %
Decline %
GREATEST GROWTH
Saudi Arabia
$93,647,692
258.0
Lithuania
$3,739,687
228.6
Belgium
$316,515,350
175.5
Haiti
$7,510,471
161.8
Nigeria
$36,408,127
157.8
       
GREATEST DECLINE
Luxembourg
$413,074
 
-99.7
Afghanistan
$3,600,569
 
-81.7
Pakistan
$3,151,368
 
-80.9
Poland
$10,902,345
 
-56.0
Portugal
$4,552,145
 
-43.0

*among countries averaging > $3m sales/quarter

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