3rd Quarter 2012

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Tennessee International Trade Report

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In the previous Global Commerce, we commented on the narrowing base of the state's continuing export gains. This quarter we have seen it narrow even further. October 2012 exports came in at $150 million less than a year ago, promising bleaker news ahead. Tennessee exporters likely will have to see an improving world economy before export figures will return to the path of the past several years.

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Tennessee's Largest Export Sectors

 
Value of Exports

Change over
Year

Change over
Quarter
Medical equipment
$763,083,784
5.3%
-1.5%
Motor vehicle parts
$667,954,757
6.4%
-4.3%
Computer equipment
$462,882,719
13.6%
-7.6%
Basic chemicals $581,985,147 -8.6% -3.8%
Synthetic fibers & filaments $440,031,789
-1.5%
-4.4%
Motor vehicles
$298,931,383
29.8%
-6.4%
Auto, industrial, & electromedical instruments $326,443,664 15.0% -3.1%


Greatest Export Growth and Decline*

 
Value of Exports
Growth %
Decline %
GREATEST GROWTH
Precious metal waste & scrap
$22,561,815
1,859.6
Ash containing precious metals
$20,533,050
413.3
Rotary positive displacement pumps
$28,769,071
277.0
Automotive gear boxes
$31,887,868
231.3
Clay coated paperboard
$20,898,669
208.3
       
GREATEST DECLINE
Cell phones
$12,010,046
 
-77.7
Natural fiber nonwovens > 70 & < 150 g/sq m
$6,835,534
 
-66.9
Copper waste & scrap
$10,764,446
 
-54.2
Miscellaneous auto body parts
$68,879,466
 
-49.2
Polyamide-6s
$33,082,861
 
-47.4

*among Tennessee's top 100 exported goods


Fastest-Changing Export Destinations*

 
Value of Exports
Growth %
Decline %
GREATEST GROWTH
Nigeria
$31,114,053
833.1
Bahrain
$15,170,592
239.3
United Arab Emirates
$174,826,993
177.3
Bangladesh
$6,760,652
125.3
Pakistan
$8,586,309
109.9
       
GREATEST DECLINE
Afghanistan
$551,249
 
-98.2
Morocco
$4,896,130
 
-60.3
Angola
$5,254,626
 
-59.0
Czech Republic
$5,681,161
 
-56.9
Poland
$10,251,742
 
-45.7

*among countries averaging > $5m sales/quarter

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