YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Missouri’s top export sector grows 30%

Posted online

Companies involved in exports of transportation equipment likely saw a boon to their bottom lines during the first quarter.

The transportation equipment sector, which tops exports in Missouri, grew 30 percent to $1.3 billion during the first three months of the year. Within the sector, motor vehicle exports increased 32 percent to $528 million and aerospace products and parts jumped 26 percent to $513 million, according to a news release from the research arm of the Missouri Department of Economic Development.

The report by the Missouri Economic Research and Information Center shows overall first-quarter exports totaled $3.9 billion, representing a 10 percent increase from the same period a year earlier.

The largest foreign buyer of Missouri goods — Canada, at $1.7 billion — more than doubled the next closest market, Mexico, which purchased $642 million during the first quarter.

China was No. 3 in the quarter, at $209 million, followed by Belgium, at $155 million; Japan, at $138 million; and Germany, at $106 million, according to the release.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

2019 40 Under 40

View the stories of the annual honorees.

Most Read
SBJ.net Poll
Would you gamble on sports matches if legalized in Missouri?

View results