4th Quarter 2012

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Trade Report

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The fourth quarter was a tough one for state exporters. In only three months of 2012 did Tennessee exports fall, the three months of the fourth quarter. Fortunately, this streak disappeared with the new year. Tennessee's exports grew solidly in January and February, roughly in line with national performance. But a stronger tailwind from a struggling world economy would be welcomed as 2013 proceeds.

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Tennessee's Largest Export Sectors

 
Value of Exports

Change over
Year

Change over
Quarter
Medical equipment
$787,608,204
4.8%
-2.0%
Motor vehicle parts
$724,988,724
6.7%
2.0%
Computer equipment
$526,751,706
-16.7%
0.1%
Basic chemicals $478,086,694 -7.0% -10.1%
Instruments & controls $423,670,010
9.6%
12.9%
Synthetic fibers & filaments
$411,957,590
11.3%
-4.9%
Motor vehicles $392,601,499 4.9% 1.2%


Greatest Export Growth and Decline*

 
Value of Exports
Growth %
Decline %
GREATEST GROWTH
Titanium
$19,301,602
53,408.5
Miscellaneous kraft paper & paperboard
$52,310,579
105.9
Semiconductor parts
$42,706,732
81.9
X-ray apparatus parts
$30,961,232
79.7
Electric motors & generators
$31,552,107
74.1
       
GREATEST DECLINE
Commercial trucks
$9,953,843
 
-88.1
Cameras & recorders
$4,412,899
 
-82.0
Ploughs, moving and grading machinery
$7,055,863
 
-75.3
Aluminum waste & scrap
$5,682,796
 
-69.9
Video game consoles
$35,174,319
 
-69.1

*among Tennessee's top 100 exported goods


Fastest-Changing Export Destinations*

 
Value of Exports
Growth %
Decline %
GREATEST GROWTH
Bangladesh
$9,284,750
126.4
Ecuador
$28,458,374
104.2
Bahrain
$19,668,382
89.4
Iraq
$10,681,292
70.1
Poland
$17,403,584
59.6
       
GREATEST DECLINE
Morocco
$2,112,263
 
-70.9
Greece
$2,432,828
 
-66.9
Finland
$5,819,353
 
-51.5
Indonesia
$26,962,578
 
-48.3
Nigeria
$20,102,144
 
-44.8

*among countries averaging > $5m sales/quarter

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