1st Quarter 2012

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Tennessee International Trade Report

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As this survey indicates, Tennessee exports continue to grow but more slowly and from an ever-narrowing base. Two years ago exports were growing across most global regions; today they are very much concentrated in North America and a handful of other countries. The number of strong sectors has shrunk as well. This has to be a worrying sign as we look ahead to the rest of the year. Indeed, Tennessee's second quarter has opened with a very anemic 0.5% export gain for the month of April.

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Tennessee's Largest Export Sectors

 
Exports

Change over
Year

Change over
Quarter
Medical equipment & supplies
$786,756,650
4.4%
4.4%
Motor vehicle parts
$695,880,732
-6.2%
2.5%
Basic chemicals
$592,594,876
17.3%
15.3%
Computer equipment $587,497,592 22.5% -6.4%
Resins, synthetic rubber, & fibers $420,483,610
-3.1%
13.6%
Motor vehicles
$409,005,633
5.5%
11.0%


Greatest Export Growth and Decline*

 
Value of Exports
Growth %
Decline %
GREATEST GROWTH
Machinery for minerals
$32,758,066
177.0
Electric batteries and parts
$15,432,510
120.8
Tobacco
$23,928,919
106.1
Automatic control instruments and parts
$50,928,633
102.1
Electrical switchboards and panels
$17,145,406
887.2
       
GREATEST DECLINE
Special purpose motor vehicles
$4,448,156
 
-85.1
Miscellaneous printed matter
$7,758,641
 
-68.3
Wood
$8,536,665
 
-56.8
Coated paper and paperboard
$9,511,193
 
-51.7
Primary acrylic polymers
$10,204,678
 
-45.3

*among Tennessee's top 100 exported goods


Fastest-Changing Export Destinations*

 
Value of Exports
Growth %
Decline %
GREATEST GROWTH
Angola
$5,605,622
232.0
Norway
$8,824,629
172.0
Oman
$31,696,399
150.0
Jordan
$4,957,166
139.0
Belgium
$335,918,913
119.0
       
GREATEST DECLINE
Luxembourg
$1,290,973
 
-99.0
Afghanistan
$3,551,327
 
-90.0
Morocco
$2,729,362
 
-71.0
Iraq
$4,740,023
 
-55.0
Austria
$6,707,800
 
-48.0

*among countries averaging > $3m sales/quarter

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