Minnesota exports were valued at five-billion dollars in the fourth quarter of 2016, unchanged from a year earlier. Shane Delaney with the Minnesota Department of Employment and Economic Development says….
“Exports were especially strong in Asia in the fourth quarter, with China, South Korea, Singapore and Taiwan all posting double digit growth.”
Delaney says exports to Asia alone climbed eight percent in the quarter to 1.7 billion. Other top 10 national markets were China ($609 million, up 15 percent), Mexico ($566 million, down 11 percent), Japan ($256 million, down 7 percent), South Korea ($237 million, up 25 percent), Germany ($182 million, down 11 percent), United Kingdom ($171 million, up 21 percent), Belgium ($165 million, down 14 percent), Singapore ($140 million, up 13 percent) and Taiwan ($132 million, up 18 percent).
Optic/medical instruments were the state’s top export during the fourth quarter of 2016, with sales of 902 million.
Go to the DEED’s website to see the full fourth quarter 2016 export report.