Indiana exports hit record, but growth slows

Back to TopCommentsE-mailPrintBookmark and Share

Indiana exports rose to a record $34.4 billion in 2012 while growing at a rate exceeding the Midwest’s and the nation’s.

Indiana exports grew by 6.6 percent in 2012, up from $32.2 billion in 2011, said Indiana University's Kelley School of Business, which released its annual export report Thursday. The report was produced by the Indiana Business Research Center.

Midwestern exports increased by 6.1 percent. The national rate of growth was 4.4 percent.

Despite the record amount, the rate of export growth has fallen off dramatically both in Indiana and nationally.

Exports from Indiana grew 25.6 percent in 2010 and 12.3 percent in 2011. The nation experienced growth rates of  21 percent in 2010 and 15.8 percent in 2011.

"Indiana recovered quickly from the adverse effects of the Great Recession, but the economic turmoil of the eurozone countries and slow recovery worldwide reduced the acceleration in exports," wrote Tanya Hall, an economic research analyst at the research center and co-author of the report.

Canada remains the largest market for Indiana, receiving more than 35 percent, or $11.9 billion, of Indiana’s exports. Mexico ranks second at $3.9 billion, or about 12 percent.

The state’s top export was vehicles and parts ($7.9 billion), followed by pharmaceutical products ($6 billion) and industrial machinery ($5.5 billion).


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ
  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now