The data is in and exports are back! One example is an article from the Economic Development Partnership of North Carolina (EDPNC) newsletter that points to abundant signs of recovery for exports from that state, as the early stages of the pandemic caused severe disruptions which negatively impacted trade across the country and the world. North Carolina is exceeding its pre-pandemic year-to-date export numbers by dollar amount, based on the organization’s analysis of a recent release of U.S. Census Bureau trade data.
Citing the data, the EDPNC stated that North Carolina has topped last year’s export amount by 13.45% based on April YTD figures and has $310M more exports versus the same four-month period in April 2019.
Authors: Economic Development Partnership of North Carolina; U.S. Census Bureau: Economic Indicators Division USA Trade Online. Source: U.S. Import and Export Merchandise trade statistics.
The really good news is that the rebound is happening nation wide and other states are riding the same trend as North Carolina. Looking at year-to-date U.S. export figures by dollar amount across all states since 2019, this year is showing the highest figures so far.
Author: U.S. Census Bureau: Economic Indicators Division USA Trade Online. Source: U.S. Import and Export Merchandise trade statistics.
EXIM supports businesses across the country. If you’re based in the U.S. and would like to learn more about EXIM’s financing support that can help your business compete globally, schedule a consultation with an EXIM trade finance specialist.