North Carolina Exports Grow By 7% in 2014; NC Growth More Than Double The National Rate

North Carolina Exports Grow By 7% in 2014; NC Growth More Than Double The National Rate

By / State News / الأربعاء, 11 شباط/فبراير 2015 05:00

RALEIGH, N.C. : February  9th, 2015 - Raleigh, N.C. - North Carolina exported a record $31 billion in merchandise to international markets in 2014, according to a new report from the U.S. Department of Commerce.  The exports mark an increase of 7 percent from 2013 and North Carolina’s export growth rate more than doubles the national average growth of 2.8 percent.
“North Carolina’s continued export growth shows the international demand for the quality products made in our state,” said Governor Pat McCrory. “The global economy offers increasing export opportunities, and we’re ready to make the link in services and assistance North Carolina companies need to grow and create jobs here at home."
The state ranked 15th nationally in both overall exports and rate of growth. Canada represents North Carolina’s largest export partner, accounting for 22 percent of the state’s sales, followed by Mexico (10 percent) and China (9 percent).  
North Carolina’s most significant merchandise export categories include chemicals, machinery, transportation equipment, computer and electrical products, and textiles.  Other export categories with high growth include electrical equipment, appliances and components, food and wood products.
“The North Carolina business community is globally-engaged and we support this growth,” said Commerce Secretary John Skvarla. “It’s great to see computers, machinery and textiles made in North Carolina sold around the world.”
 “North Carolina exports have increased by about 35 percent over the past decade, and 2014 was clearly a strong year as well,” said John Loyack, vice president of global business services for the Economic Development Partnership of North Carolina (EDPNC). “We have seen continued export growth in markets such as Japan, Mexico and Saudi Arabia.”  The EDPNC maintains offices around the globe to support export activity and facilitate direct investment in North Carolina. The International Trade Division works with N.C. companies to enter world markets and develop export opportunities. Services include market research, establishing export prospects, and identifying customers and partners.
For more information about the impact of exports in North Carolina, visit the Economic Development Partnership of North Carolina; www.nccommerce.com/trade
Source: North Carolina Department of Commerce.

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