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Illinois Facts
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Illinois placed fifth among the fifty states
in total exports last year with over $48 billion in international shipments.
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Illinois' total exports for 2007 represented
a more than $6.6 billion increase (15.8%) from 2006. This total is 4% better
than the national average of 12% for all U.S. states as a whole.
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In
2007, products from Illinois
were sent to 217 countries.
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Top
countries for Illinois' exports are Canada, Mexico,
Germany, Australia, the U.K.,
Japan, Netherlands and China.
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89%
of Illinois
exporters were small and medium-sized businesses.
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18.3%
of all manufacturing jobs in Illinois
were supported by exports in 2005.
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Direct
exports accounted for 7.1% of the Gross State Product (GSP) in
2006.
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Wages
for workers in manufacturing and service exporting sectors, where Illinois is strongest, substantially exceed the U.S. average.
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International
sales are the key to long-term business survival in today’s competitive
global environment. Illinois
industries with significant export potential include: Industrial Machinery,
Computer/Electronic Products, Electrical & Transportation Equipment,
Chemicals, Plastics, Metals and Food Products.
“16% Increase in Exports for 2007”- Press
Release: http://www.illinoisbiz.biz/dceo/News/pr03212008.htm
For more information regarding the Economic Impact of Illinois Exports and
Foreign Direct Investment, please click
here.
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