Indiana exports soared in 2011 to a record $32.2 billion, according to a new report from Indiana University’s Kelley School of Business.
The 10.3-percent increase was not as big as the 25.5-percent jump from 2009 to 2010.
Still, Indiana exports outpaced gross domestic product growth in almost every industry, the report stated.
Vehicles and parts were tops in exports.
It had appeared that exports to Canada and Mexico might be eclipsed by trade with Germany, Spain and with the the so-called BRIC nations, researchers said.
However, leading the way in 2011 were exports to Canada and Mexico, totaling $1.1 billion and 25.5 percent of all exports.
“The strengthening rebound in the national auto sector, together with the softening of the European economies and the moderating growth of Brazil, Russia, Indiana and China explain this shift in export trends,” said the report.
The report cautions that stagnating European economies and the moderate activities in several emerging markets "do not bode well for robust increases in exports in 2012."