Missouri export sales soaring, led by automotive industry
MISSOURI — Missouri’s total export sales have reached $10.1 billion through the first three quarters of the year, according to Gov. Jay Nixon. That number is a 2.3 percent increase over 2014 and puts the Show-Me State on track for its second best export sales year ever.
“Export sales topping 10 billion dollars with three months still left in the year is great news for Missouri’s economy and for job creators throughout the state,” said Gov. Nixon. “When we export more Missouri-made goods overseas, we create jobs here at home. I appreciate the hard work of manufacturers and producers throughout the state who have helped to get more Missouri products into more markets around the globe.
Missouri export sales reached $14.1 billion in 2014, the second best year on record for Missouri exports after 2012. For the past three quarters of 2015, Missouri’s exports sales surpassed 2014’s figures.
Missouri’s top export sector for the third quarter was transportation equipment, with sales reaching $2.7 billion, an 18.7 percent increase when compared to the same quarter of 2014.
This top selling sector was led by motor vehicles. Missouri’s major auto plants, which include Ford in Kansas City and GM in Wentzville, are manufacturing some of the country’s top-selling and ranking vehicles. As a result, Missouri’s large network of automotive supplier companies are expanding and hiring new workers to keep up with the demand for parts production.
Source: Gov. Jay Nixon