Indiana merchandise exports are at a record high. Figures for the first half of this year have increased to $17.4 billion – up from $17.2 billion this time last year.
Director of the U.S. Export Assistance Center in Indianapolis Mark Cooper says Indiana exports have been growing over the last decade.
He says the big story is Indiana companies are becoming more globalized and going for distance markets, not just Mexico and Canada any more.
“As Indiana companies are becoming more sophisticated, and looking farther in their field for global market penetration, they are going to more distant places like Saudi Arabia, like Brazil, like Korea, like Japan,” said Cooper. “So they are not just close by neighbors, their partners are global.”
The top destinations for Indiana’s merchandise exports include Saudi Arabia, the Netherlands, Brazil, Japan and Korea. The major merchandise being exported is transportation equipment, machinery equipment and medical and pharmaceutical devices.
Indiana ranks 13th in the nation as an exporting state.