Minnesota Exports at $5.7 Billion in Second Quarter
Friday, September 06, 2019
Exports fell four percent between the second quarters of 2018 and 2019
ST. PAUL – Sales of Minnesota agriculture, mining and manufacturing exports from Minnesota fell 4% between the second quarters of 2018 and 2019 to $5.7 billion, according to a report released by the Minnesota Department of Employment and Economic Development (DEED). U.S. exports fell by 3% during the same period.
Minnesota exports fell in North America (down 6%), Asia (down 4%) and Central & South America (down 19%). However, exports increased to selected nations such as Japan (up 6%), Germany (up 8%) and Australia (up 18%).
“Minnesota is committed to unleashing economic opportunities across the globe,” said Governor Tim Walz. “That’s why I’m traveling to Tokyo and Seoul and making the case directly to international decision-makers that Minnesota is a great place to do business.”