Thu May 19, 2011
Missouri exports up in Q1
Missouri exports are up 18 percent in the first quarter of 2011. That’s according to data released Thursday by the World Trade Center Saint Louis.
The total dollar value of Missouri exports in Q1 was $3.4 billion, compared to $2.9 billion in 2010.
Tim Nowak is the Director of the World Trade Center. He says Asian markets continue to show the biggest growth potential for Missouri.
“Some of the highest growth that we’re seeing, double-digit growth is in Singapore, Indonesia, Korea, China,” says Nowak.
Despite the gains, total export growth he says Missouri has yet to reach the levels that existed before the recession.
“So when you look at where Missouri was in 2007 and 2008, we’re still making our way back up to those amounts. ”
Missouri’s top export products include: coal, pork, automobiles and chemicals.