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Indiana’s exports to the EU decrease by almost 6% in 2009

March 31, 2010
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IN exports to EU 2009While the great recession hit Indiana exports hard, as they fell 13.7% between 2008 and 2009.  However, during the same period, Indiana’s exports to the European Union decreased by 5.9% to $6.62 billion.  As a result, the EU remained Indiana’s second largest market.  Canada remained the state’s largest market worth $8.41 billion, although this represented a 20% decrease from 2008.

As the above chart indicates, Indiana’s exports did not fall uniformly across in the EU.  Growth in the chemical (which includes pharmaceuticals) sector continued, so that they now represent almost 60% of the state’s total exports to the region.   Overall, chemicals represented only a little more than a quarter of Indiana’s exports, but the EU market accounted for 63% of all chemical exports.  Also, while machinery and transportation equipment dramatically decreased, electrical products and miscellaneous manufactured commodities (NAICS code 339) made significant gains over the previous year.

For more information about Indiana’s economic relations with the EU, visit the Indiana University European Union Center’s website to see all of its publications:  http://www.indiana.edu/~eucenter/publications.shtml.  All export data is available from the World Institute for Strategic Economic Research.

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2 Comments leave one →
  1. March 31, 2010 3:42 pm

    Interesting graphic. The overall decline is not particularly unexpected to me given the tough economy, but the sectoral breakdown is particularly telling of the changing sectoral emphasis in Indiana. Most of the sectors involving manufacturing saw dramatic decrease while the chemical sector saw increases. It’s been my understanding that, especially in central Indiana, there has been in major push toward bioengineering and pharmaceuticals. I assume that is included as a part of “Chemicals.” If so, it looks like Indiana’s attempt to diversify its economy is working.

    And I suppose with the major chemical industries in the EU, especially Germany, it seems appropriate that there would be a robust chemical trade between Indian and the EU.

  2. March 31, 2010 3:47 pm

    And you would think after 23 years of living in INDIANA I would know how to spell it. I spell goooooood 🙂

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