August 9, 2018
Missouri Industry Concentration
Industry concentration analysis, using location quotients (LQ), can indicate which industries are more export-oriented or specialized in an area than other industries. Businesses that are typically export-oriented, like manufacturing, agriculture, and some services, are important sources of new income to the state. Some industries may have a higher LQ that is an indicator of other factors such as tourism. The higher the LQ the more export-oriented and specialized an industry is likely to be.
Missouri Second Quarter 2018 Exports
Missouri’s exports through the second quarter of 2018 totaled $7.9 billion according to the latest figures from WISER Export Trade data, an increase of 9.5 percent from the second quarter in 2017. The Transportation Equipment sector topped exports with just under $2.5 billion and a 15 percent increase from the same quarter in 2017.