West Virginia sets Export Record Again
In 2012, West Virginia’s exports grew by 25 percent, surpassing the national growth rate of 4.6 percent. The state’s exports reached a record level for the third consecutive year. Figures from the U.S. Department of Commerce show the state’s exports grew from $9 billion in 2011 to $11.3 billion in 2012.
Coal exports grew 40 percent, increasing from $5.3 billion in 2011 to $7.4 billion in 2012. Top markets for West Virginia coal products were Netherlands, Italy, India, China and Brazil.
Products from manufacturing sectors grew from $3.50 billion to a record $3.67 billion. Plastics, the state’s second largest product sector, reached the $1 billion level for the second year in a row. Other top export products were machinery, chemicals, aerospace components, medical devices/products, automotive components, aluminum, wood products, electrical machinery and rubber products.
Illustration by Stuart Miles at Free Digital Photos.net
Compiled from West Virginia Development Office enewsletter, March 2013.