Indy-Area Exports Hit Record Level
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe U.S. Department of Commerce says exports from the Indianapolis-Carmel area increased nearly 10 percent from 2011 to 2012. The department's International Trade Administration says those exports totaled a record $10.4 billion. July 11, 2013
News Release
WASHINGTON – The U.S. Department of Commerce’s International Trade Administration (ITA) today announced new export data that show merchandise exports from the Indianapolis-Carmel metropolitan area totaled a record $10.4 billion, an increase of 9 percent or $875 million from 2011 to 2012. This growth helped Indianapolis to remain a top metropolitan area for exports in 2012.
Key merchandise export categories for the Indianapolis-Carmel metropolitan area in 2012 included chemicals, computer and electronic products, machinery, fabricated metal products, and transportation equipment. Canada, Germany, Japan, France, and Spain were the leading destinations for Indianapolis exports.
“In 2012, U.S. companies reached an all-time record of $2.2 trillion in goods and services exports, supporting nearly 10 million jobs,” said Francisco S?nchez, Under Secretary of Commerce for International Trade. “Metropolitan areas across the country play a key role in strengthening our economy and continuing the growth of our exports.”
According to international trade figures released today by ITA, 153 U.S. metropolitan areas exported more than $1 billion in merchandise in 2012. Indianapolis-Carmel is one of 32 metropolitan areas with merchandise exports worth more than $10 billion. Thirty-one of the top 50 metropolitan areas for exports registered positive growth between 2011 and 2012 – with 29 reaching record export levels.
“These export numbers show that many local businesses continue to do well in their global sales, but there’s excellent potential to increase the number of exporting companies and the number of markets they are currently selling to,” said Mark Cooper, Director of the U.S. Commercial Service Export Assistance Center in Indianapolis. “Exporting is helping many businesses to survive in spite of the current economic situation. We’d like to help you realize your export potential.”
ITA works with American businesses to identify export opportunities for their products and services to bolster the President’s National Export Initiative, which aims to double U.S. exports by the end of 2014, supporting an additional two million American jobs. A focus of the NEI is helping metropolitan areas identify regional strengths in order to increase their exports, boost the local economy, and create new jobs for American workers. Source: U.S. Department of Commerce