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Business

July 11, 2013

Nashville area merchandise exports hit record high

trade

WASHINGTON – The U.S. Department of Commerce’s International Trade Administration (ITA) today announced new export data that show merchandise exports from the Nashville-Davidson–Murfreesboro–Franklin metropolitan area totaled a record $6.4 billion, an increase of 9 percent or $523 million from 2011 to 2012. This growth helped Nashville to remain a top metropolitan area for exports in 2012.

Key merchandise export categories for the Nashville-Davidson–Murfreesboro–Franklin metropolitan area in 2012 included transportation equipment, computer and electronic products, machinery, chemicals, and electrical equipment. Canada, Mexico, the United Kingdom, Japan, and the United Arab Emirates were the leading destinations for Nashville 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 Sánchez, 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.  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 even in these challenging economic times, area companies continue to enhance their competitiveness and bottom line by making new sales abroad,” said Dean Peterson, Director of the U.S. Commercial Service Export Assistance Center in Nashville. “Our office can take companies through the process of exporting and help determine which partner or distribution channel is best.”

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.

For more information on exporting, contact the U.S. Commercial Service Export Assistance Center in Nashville at (615) 736-2222, or visit www.export.gov/Tennessee.

For more information on the impact of Metropolitan Statistical Areas on U.S. exports, including fact sheets for the top 50 exporting MSAs in 2012, visit http://www.trade.gov/mas/ian/metroreport/index.asp.

 



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