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May/June 2003

Iowa Companies Enjoy Export Growth

 As total U.S. exports fall, Iowa companies experienced a two percent growth in exports in 2002. Iowa’s export of manufactured goods and value-added food products rose to nearly $4.7 billion, up from $4.6 billion in 2001.

“Iowa companies are increasing their exporting by building the long-term relationships necessary to succeed in the global marketplace,” says Mike Blouin, Director of the Iowa Department of Economic Development. “There is a great awareness that not all their customers are just down the street anymore. Yet those customers must still feel they know the company, even if they are located across the ocean.”

Iowa’s top ten customers in 2002 were Canada, Japan, Mexico, Germany, France, United Kingdom, Australia, Korea, Belgium and China. Together, they accounted for 78 percent of Iowa’s exports. Iowa increased exports to Korea, France, Mexico and Canada.

Iowa’s top ten exporting industries ending 2002 were:

  • Machinery
  • Vehicles (not rail)
  • Meat
  • Electrical Machinery
  • Optics, Medical Instruments
  • Pharmaceutical Products
  • Food Waste; Animal Feed
  • Cereals
  • Iron and Steel
  • Rubber

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