1st Quarter 2014



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Trade Report continued

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With the state's first-quarter export performance firing on just one cylinder, we might be a bit concerned about the coming months. April exports were up about 4%, with reasonable performances in the aircraft and plastics sectors as well as cars (again), so we can hope for some improvement. But trying to increase foreign sales in a slow global economy is proving to be a tough road for many Tennessee exporters.

TENNESSEE'S LARGEST EXPORT SECTORS

Value of Exports

Change over Year

Change over
Quarter
Medical Equipment
$849,662,722
-5.8%
-3.9%
Motor Vehicles
$747,359,481
25.1%
6.0%
Motor Vehicle Parts
$674,178,181
-9.1%
-5.3%
Computer Equipment $558,638,718 2.1% -4.5%
Basic Chemicals $535,554,000
1.2%
1.7%
Synthetic Fibers and Filament
$470,846,005
11.2%
9.6%
Instruments and Controls $376,237,853 -0.5% -8.5%

GREATEST EXPORT GROWTH AND DECLINE*

Value of Exports
Growth %
Decline %
GREATEST GROWTH
Iron and Steel Ingots
$11,214,891
175.0
Styrene Polymers
$15,687,517
148.7
Aluminum Waste and Scrap
$19,227,067
96.5
Unwrought Aluminum
$15,979,635
93.0
Iron and Steel Articles
$32,859,661
82.0
       
GREATEST DECLINE
Kaolin Coated Paper and Paperboard
$5,455,272
 
-76.3
Machinery for Mixing or Sorting Materials
$8,128,754
 
-59.2
Automatic Regulating and Control Instruments (and Parts)
$25,340,739
 
-57.2
Synthetic Wovan Fabrics
$9.909.805
 
-53.5
Air Conditioners and Parts
$27,087,570
 
-46.4
*among Tennessee's top 100 exported goods

FASTEST-CHANGING DESTINATIONS*

Value of Exports
Growth %
Decline %
GREATEST GROWTH
Romania
$6,796,225
372.2
Egypt
$20,747,805
157.5
Saudi Arabia
$145,960,545
74.2
Angola
$6,177,858
61.3
New Zealand
$11,664,041
58.1
       
GREATEST DECLINE
Pakistan
$6,257,226
 
-73.6
Bangladesh
$3,492,968
 
-52.9
Jamaica
$3,709,389
 
-50.9
Morocco
$4,012,941
 
-45.4
Venezuela
$10,302,275
 
-39.3
*among countries averaging > $5m sales/quarter