ECONOMIC VITALITY
MERCHANDISE EXPORTS GROWTH RATE
WHAT: Measures exports of goods produced within the region to foreign nations. WHY: Manufacturing exports are an indicator of global competitiveness. Selling into global markets can add growth in revenues and employment. Research from the Institute for International Economics has determined that companies that export products generally have higher employment growth and last longer especially through down business cycles. Strong exports also exert positive economic impacts on key assets in Tampa Bay, including our ports and airports.
OF NOTE: The US dollar strengthened globally between 2014 and 2015, making US exports generally less attractive to world
markets.
Source: Commerce Department, International Trade Administration, Metropolitan Export Series, 2014-2015
MERCHANDISE EXPORTS
CHANGE
(MILLIONS OF DOLLARS)
20
2014
2015
$M
%
Charlotte
$12,885.34
$13,985.77
$1,100.43
8.54%
Charlotte
8.54%
Seattle
$61,938.43
$67,226.36
$5,287.93
8.54%
Seattle
8.54%
Phoenix
$12,764.44
$13,821.53
$1,057.09
8.28%
Phoenix
8.28%
Austin
$9,400.02
$10,094.50
$694.48
7.39%
Austin
7.39%
Jacksonville
$2,473.66
$2,564.42
$90.75
3.67%
Jacksonville
3.67%
Portland
$18,667.23
$18,847.80
$180.57
0.97%
Portland
0.97%
Orlando
$3,134.81
$3,082.67
$(52.14)
-1.66%
Orlando
-1.66%
Nashville
$9,620.89
$9,352.99
$(267.89)
-2.78%
Nashville
-2.78%
Atlanta
$19,870.28
$19,163.94
$(706.34)
-3.55%
Atlanta
-3.55%
Dallas-Ft. Worth
$28,669.43
$27,372.90
$(1,296.54)
-4.52%
Dallas- Ft.Worth
-4.52%
Raleigh-Durham
$5,647.07
$5,360.65
$(286.42)
-5.07%
Raleigh-Durham
-5.07%
Baltimore
$6,441.58
$6,047.17
$(394.41)
-6.12%
Baltimore
-6.12%
San Diego
$18,585.67
$17,439.73
$(1,145.93)
-6.17%
San Diego
-6.17%
Mpls-St. Paul
$21,198.21
$19,608.61
$(1,589.60)
-7.50%
Mpls-St. Paul
-7.50%
Tampa Bay
$8,821.11
$7,756.01
$(1,065.10)
-12.07%
Tampa Bay
-12.07%
South Florida
$37,969.45
$33,258.55
$(4,710.91)
-12.41%
South Florida
-12.41%
St. Louis
$10,359.83
$8,913.71
$(1,446.12)
-13.96%
St. Louis
-13.96%
Houston
$118,965.99
$97,054.33
$(21,911.67)
-18.42%
Houston
-18.42%
Denver
$4,958.57
$3,909.54
$(1,049.03)
-21.16%
Denver
-21.16%
San Antonio
$25,781.76
$15,919.23
$(9,862.53)
-38.25%
San Antonio
-38.25%
REGIONAL COMPETITIVENESS REPORT