Exports on Early Track to
Set New Record
Missouri's exports through the first quarter of 2006 were up by nearly eighteen (17.55) percent compared to the same period in 2005 according to World Institute for Strategic Economic Research (WISER).
Through the end of March 2006, exports by Missouri companies totaled $2.77 billion, compared to $2.36 billion after the first quarter of 2005. This is particularly good news for the state's businesses because Missouri set a record for exports in 2005 with $10.5 billion in total global sales. These first quarter 2006 figures put the state on track to top that mark this year.
Missouri's top export in the first quarter of 2006 was Transportation Equipment at $853 million. Businesses in this industry sector produce vehicles, equipment and parts for transporting people and goods by road, rail, air and water.
Rounding out the rest of Missouri's top ten export product areas in the first quarter of 2006 were: Chemicals ($533 million), Machinery ($272 million), Food Products ($164 million), Computers and Electronics ($128 million), Electrical Equipment ($125 million), Fabricated Metal Products ($116 million), Minerals and Ores ($72 million), Primary Metal Manufacturing ($71 million), and Waste and Scrap ($66 million).