State Exports Show Solid 13% Growth in 1st Quarter 2022
Tuesday, May 31, 2022
St. Paul – Exports of manufactured, agricultural and mining goods from Minnesota were valued at $6.1 billion in the first quarter of 2022, representing a gain of 13% over the first quarter of 2021, according to a report released today by the Minnesota Department of Employment and Economic Development (DEED). U.S. exports of goods rose 18% between the first quarters of 2021 and 2022, with 39 states and Washington D.C. having positive export growth rates.
“Minnesota exports are a critical part of our economy,” said DEED Commissioner Steve Grove. “Diversified global trade helps ensure that Minnesota’s economy is resilient and positions us for future growth by showcasing our ingenuity and innovation on the global stage.”