3rd Quarter 2014



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Trade Report continued

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The NAFTA market, finally, was steady if not spectacular. Exports to Mexico rose $101 million for the quarter (to $1.208 billion), while those to Canada increased $29 million (to $2.145 billion). That Canadian performance is actually better than it looks, for this figure includes a drop of nearly $80 million in goods sent back for repair or other reasons not involving an original sale.

In sum, it could have been better, and it has been over the previous several quarters. But it could have been worse. State exports continue to eke out gains despite a sluggish world economy and a now-rising dollar. In such an environment it's hard to ask for too much more.

 

TENNESSEE'S LARGEST EXPORT SECTORS

Value of Exports

Change over Year

Change over
Quarter
Medical Equipment
$867,743,395
-4.1%
-2.7%
Motor Vehicle Parts
$716,895,569
1.5%
4.9%
Motor Vehicles
$639,042,371
10.8%
-12.6%
Computer Equipment $534,677,414 7.1% -6.0%
Basic Chemicals $555,501,791
-1.0%
-6.7%
Synthetic Fibers and Filament
$483,496,816
3.8%
1.6%
Auto, Industrial, and Electromedical Instruments $400,470,604 7.8% 2.2%

GREATEST EXPORT GROWTH AND DECLINE*

Value of Exports
Growth %
Decline %
GREATEST GROWTH
Automobiles
$392,450,024
219.6
Heavy Coated Paperboard
$18,093,449
180.1
Flywheels and Pulleys
$14,200,098
118.7
Scanners, Magnetic/Optical Readers
$23,638,936
112.6
Miscellaneous Electrical Machinery
$29,967,187
102.6
       
GREATEST DECLINE
Otherwise Unclassified Computers
$9,791,548
 
-63.8
Discs, Tapes, and Other Optical Media
$44,456,127
 
-56.6
Ash Containing Precious Metals
$5,764,624
 
-49.8
Trucks and Large SUVs
$220,283,774
 
-46.4
Nonwovens between 70 and 150 g/m2
$12,909,833
 
-45.9
*among Tennessee's top 100 exported goods

FASTEST-CHANGING DESTINATIONS*

Value of Exports
Growth %
Decline %
GREATEST GROWTH
Jordan
$7,867,785
151.8
Norway
$10,889,593
94.5
Bahrain
$13,633,311
91.9
Russia
$82,340,338
89.4
Denmark
$8,949,966
78.2
       
GREATEST DECLINE
Luxembourg
$154,620
 
-99.0
Honduras
$8,271,242
 
-69.8
Indonesia
$38,245,652
 
-38.6
Qatar
$14,946,3038
 
-37.5
Turkey
$80,673,135
 
-34.2
*among countries averaging > $5m sales/quarter