Minnesota Set New Export Record in Second Quarter
St. Paul, MN (KROC-AM News) - Exports of goods from Minnesota hit a record high in the second quarter of this year. The Minnesota Department of Employment and Economic Development says the value of the manufactured, agricultural, and mining goods exported from Minnesota from April through June totaled $6.7 billion. It was up 12% when compared to the same three-month period last year.
"This record-breaking quarter for exports is another sign that Minnesota's economy is expanding on the international stage," said DEED Commissioner Steve Grove. "The diversity of our slate of exports helps ensure Minnesota's economy is more resilient during times of rapid global disruption. We're grateful to businesses who find markets abroad that help grow our economy right here in our state."
A DEED news release says Canada remained Minnesota's top customer with purchases totaling $2.3 billion even though overall exports to Asia were down 4%. China accounted for $704 million of the export total, and Mexico was ranked third with shipments from Minnesota valued at $637 million.
The department reported sales to customers in North America rose 29% with exports to Canada increasing 42%. Exports to Central and America were up 22%, shipments to the Middle East climbed 23%, while customers in the European Union boosted their purchases of Minnesota products by 8%.