Wisconsin exports up 6% in 2017
Tuesday, March 20, 2018
State sets new record in exports to Mexico and China as shipments of industrial machinery, electrical machinery, vehicles, and plastics are up worldwide
MADISON, WI. – Wisconsin businesses exported $22.3 billion in goods and services to 202 countries in 2017, a 6.1 percent increase over 2016.
Wisconsin’s export growth in 2017 was generated by significant increases in shipments to Canada, Mexico, and China, the state’s three largest export destinations. Exports to Canada grew by 4.3 percent to $6.9 billion, driven by increases in the export of miscellaneous mineral products and electrical machinery. Exports to Mexico were up 4.8 percent to a record $3.2 billion, mostly because of an increase in the export of electrical machinery and oil seeds (primarily soybeans). Exports to China jumped by 21.6 percent to $1.7 billion in 2017 – also a record for exports to that country. Driving the growth in exports to China were increases in the shipments of aircraft and parts; industrial machinery; dairy products; wood and wood products; and raw hides and skins.
State exports to Saudi Arabia surged by 71.1 percent to $796 million due almost entirely to an increase in military vehicle exports. As a result, that country jumped from ninth place on the list of top export destinations in 2016 to fourth place in 2017.