Let's be honest, with the current strength of the dollar, it would be easy for companies to remain focused on the U.S. At the local level, increased exports support companies that tend to grow faster, pay higher wages, and are less likely to go out of business than domestically-focused firms. This means that the dollar value of Georgia exports in 2015 supports more than 200,000 jobs. The International Trade Administration estimates that for every $1 billion in exports, approximately 5,600 jobs are created or maintained in the U.S. Georgia is built for manufacturing, and that fact shows clearly in the export statistics.Īll of these details are important because global sales translate to jobs in local communities. These gains also had a significant impact on some of Georgia's top trading partners – for example, aerospace exports to Germany, Saudi Arabia and Canada increased 55 percent, 137 percent and 150 percent respectively. Exports of machinery (turbojets, gas turbines, pumps, circuit boards and panels, etc.) and motor vehicles showed even stronger growth. Third, exports of the state's top manufacturing goods showed positive growth in 2015 which sends an important message about the strength of the state's manufacturing sector.įor example, aviation/aerospace exports achieved gains of nearly two percent above last year's total. This helps to lessen potential export declines to top trading partners who may encounter headwinds in the global economy. Companies sold goods to 217 countries and territories in 2015, and while Georgia's top 10 export destinations account for approximately half of total exports (56%), the state's merchandise exports literally span the globe. Second, Georgia's export markets are highly diversified. Furthermore, if you look at the ten year trend, Georgia exports have grown more than 90 percent since 2006. The state's exports dipped just two percent – less than the national average of seven percent and less than many other exporting states. First, Georgia exports fell only slightly from their 2014 peak, and remain above 2013 totals. Given the relative strength of the dollar, a decline in exports was not unexpected this year however, a closer look at the export data reveals plenty of good news for the state. Imports continued to grow to an all-time high $88.55 billion, while Georgia exports held their ground at $38.55 billion, slightly lower than last year's record total. 2015 was the sixth consecutive year of record-setting total trade for Georgia. Census Bureau released the 2015 state-level trade statistics recently, and they show that Georgia remains a leader in international trade. By Deputy Commissioner for International Trade Mary Waters
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